Chase Limits Bank Account Bonuses to Once Every Two Years

Chase is one of the most generous banks when it comes to deposit account bonuses. I post a lot of Chase bonuses here and you have probably seen an ongoing $500 bonus for years, and a recent bonus of $600. Besides being huge bonuses, another plus for these Chase offers is that you can take advantage of them every year. But now Chase is putting an end to that.

chase bank bonuses two year limit

The new $600 bonus has the following upgraded language in the terms:

  • You can receive only one new checking and one new savings account opening related bonus every two years from the last enrollment date and only one bonus per account. Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).

Previous terms restricted you to one new savings account opening related bonus each calendar year. That means that now you can only do these bonuses every other year, instead of annually.

How to Apply with Old Rules

There’s still some offers out there that still have the one year restriction. Here’s two bonuses that you can take advantage of, even if you received them last year:

Guru’s Wrap-Up

This was a steady bonus that many people were doing annually. New restrictions will limit you to just one bonus every two years. Take advantage now of the offers that still have the one year limitation if you already got the bonus last year. Otherwise, if the two year limit doesn’t affect you, go for the best bonuses.

HT: DoC

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2 thoughts on “Chase Limits Bank Account Bonuses to Once Every Two Years

  1. Pingback: Chase Business Savings Bonus, Get $200 With New Account In-Branch - Danny the Deal Guru

  2. Pingback: A Better Chase Savings Bonus, Get $225 With $15K Deposit (Available Online) - Danny the Deal Guru

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