Synchrony Bank $100 Savings Bonus Through Rakuten
Rakuten has a new offer that can get you $100 in cash back when you open a Synchrony Bank High Yield Savings Account and deposit at least $1,000.
This is a pretty easy bonus compared to many bank promotions. There’s no direct deposit requirement, and the offer doesn’t mention a minimum amount of time that you need to keep your money in the account.
If you have Rakuten set to earn American Express Membership Rewards or Bilt points instead of cash back, the offer is worth 10,000 points.
How to Earn This Bonus
- Visit the Synchrony Bank offer on Rakuten.
- Sign in to your Rakuten account and click through to Synchrony Bank.
- Open a new Synchrony Bank High Yield Savings Account.
- Deposit at least $1,000 within 55 calendar days of opening the account.
- Receive $100 in Rakuten cash back or 10,000 Amex/Bilt points, depending on your Rakuten rewards settings.
The $1,000 deposit must come from an external source.
Are You Eligible?
- This offer is available only to new Synchrony Bank deposit customers who don’t currently have any active Synchrony Bank deposit accounts.
- The bonus is limited to one per Rakuten member, and you must open the account through Rakuten’s link to qualify.
- Synchrony Bank will review the account to determine eligibility, and all account applications are subject to approval.
Account Fees
The Synchrony Bank High Yield Savings Account has:
- No monthly maintenance fees.
- No minimum opening deposit requirement from the bank, although you’ll need to deposit $1,000 to qualify for this Rakuten offer.
- A variable interest rate, so you’ll also earn interest on your savings.
Guru’s Wrap-up
This is a solid deal, especially if you earn Amex or Bilt points through Rakuten.
While a $100 or 10K points bonus is not huge, there’s no direct deposit requirement and no minimum holding period mentioned in the offer terms. Just make sure you click through Rakuten before opening your account and complete the deposit within 55 days.
If you don’t have a Rakuten account yet, you also get a $50 bonus when you sign up now.
HT: Daniel
