5 Signs It's Time for a Rewards Checking Account
Today’s financial options are vast. Checking accounts, credit cards and debit cards provide so many ways to access your money that it can sometimes be hard to focus on which choice is best. So, is a rewards checking account right for you? What are the benefits? Get answers to these questions below and learn why a rewards checking account is one of the best ways to simplify your finances.
What is a rewards checking account?
Since most of us need a checking account, why not get one that pays you back for doing the things you do already? This account offers more benefits than a traditional checking account, which can include cash back on purchases, and other benefits. Earn points on things like paying bills or even using your credit card. These points can be used for travel, gift cards, event tickets and more!
Reasons you may enjoy the benefits of rewards checking accounts
It’s easier than ever to start earning rewards points! If any of the items below resonate with your financial situation, check into applying for a rewards checking account.
1. You use your debit card often
It’s common for a financial institution to require a certain number of debit card transactions per month to earn points that can be redeemed for rewards or discounts on things like travel and dining. Some will also count credit card purchases toward this minimum. If you use your debit card often, you should look into rewards checking account pros and cons to see if this type of account is right for you.
2. You prefer electronic statements over paper statements
Paper statements have become somewhat obsolete, with easy access to your information online or through a mobile banking app. In fact, many financial institutions may charge customers who want to continue to receive their monthly statements in the mail.
3. You like the convenience of mobile banking
Making payments and check deposits with your mobile device can make life infinitely easier—and help you save time! Utilize these types of services to earn rewards through the best rewards checking accounts. Also, many mobile banking apps now offer instant person-to-person money transfers.
4. You want a one-stop shop for all financial transactions
Having multiple accounts at the same financial institution—like a credit card and checking account—can keep your errand-running and app-accessing time to a minimum. Not only is this more convenient, but it can also help you earn rewards!
5. You want a personal relationship with your banking partner
Free checking accounts are getting harder to come by. Rewards checking accounts, even more so—especially if you’re only considering using the big banks. Try a credit union like Mountain America Credit Union instead. Easily waive any maintenance fees through reaching the minimum amount of credit or debit transactions each month.
Requirements for a rewards checking account may vary for different financial institutions, so make sure you research the details.
More benefits
In addition to the five reasons above, there are other signs that could indicate you’re ready to experience the benefits of rewards checking accounts.
Mountain America offers these perks with MyStyle® Checking:1
- Loan rate discounts2
- Identity protection and monitoring
- Telehealth
- Dining and entertainment discounts
- Mobile phone protection (Get up to $850 in replacement coverage)
Ready to take the next step?
1. Some benefits require no-cost registration or activation. Terms, conditions and exclusions apply.
2. Loans on approved credit. On select new loans only.
