Many checking accounts exist to offer you rewards of extra money. At BankDirect however, it gives customers a different kind of reward. Since it has partnered with American Airlines, it’s only fitting for them to offer flyer miles. This is one promotion that can surely take you to places.
The fun starts when you sign up and open for a new BankDirect Mileage checking account. There are many ways for you to earn flyer miles. The number of miles depend on the type of qualification you are eligible for.
Upon opening a new checking account, you automatically get 1,000 miles. For every additional $100,000 initial deposit, you will be rewarded 1,000 miles more.
Next, you have to have your full payroll deposited in your checking account. Should you have more than one employer, your full salary from all these other incomes must be deposited to the account as well. These deposits must be made continuously for at least 3 months. Upon doing so, you will be rewarded with mileage credit of 10,000 miles.
Another way to earn miles is through bill payments. This is done when you pay to at least three different merchants on a monthly basis. If you keep this up for 12 months, you earn 5,000 miles in return. Just take note that you must do these three payments consecutively for a year because skipping even just for a month will render you unqualified. It usually takes around 6-8 weeks for the miles to be credited to your account. These rewards are given out after completion of the eligibility requirements.
When you refer a friend to open a new checking mileage account, and he/she opens one, you get another 1,000 bonus miles. Your friend’s mileage credit must be submitted through the referral template of BankDirect. Both you and your friend must complete the forms – otherwise, you risk losing those precious extra miles.
If you think that’s all there is to earning miles, think again. Earn up to 100 miles every month when you accumulate a collected balance of $1,000 up to $200,000. Once your balance goes up to over $200,000, you then start earning 25 miles for every $1,000.
Just think – if you are able to meet all these requirements, you’d have enough miles to travel to the moon and back. With the way BankDirect showers these bonus miles, anything is possible. Amazing checking promotion? We think so too.