Bank of America credit card customers can earn more than $200 in statement credits for opening a checking account with the bank. The offers is only good for existing credit card customers who are in good standing and do not have a personal checking account with the bank. You must open the checking account online using the CHC220OL offer code by Jan. 21, 2011.
Once the checking account has been opened you can earn a $100 statement credit for setting up direct deposit within three months. You can also earn a $20 statement credit each month for six months when you use the checking account to make an online payment to your Bank of America credit card. The payments can be made with online bill pay, transfers, and pay by phone.
The statement credit is applied to the credit card within 60 days of the qualifying transaction. Statement credits get applied to the existing balance with the highest annual percentage rate (APR) before being applied to balances with lower rates.
The offer is good for customers who have not been a signer on a Bank of America personal checking account within the past six months. It does not apply to second or multiple personal or business checking accounts.
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Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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