Newest Chase Promotions, Bonuses and Offers: October 2020

Chase bank promotions

Getting free money is easier than you might think. One way is by cashing in on bank account sign-up bonuses, such as those offered at Chase. A GOBankingRates survey found that many Americans don’t consider promotional deals when choosing a new bank, missing out on free cash and other perks. At Chase, all you need to do is open a new account and meet the requirements.

To find out how to make your money work for you, explore this guide to Chase bank promotions.

Chase Promotions at a Glance

Chase offers for October 2020 include bonuses for new checking accounts and credit cards, as well as a referral program. These can be acquired online or through a Chase bank near you. Here’s a quick look:

Best Chase Promotions: October 2020
Account Cash Value of Bonus Expiration Date
Chase Premier Plus Checking $300 Oct. 14
Chase Total Checking $200 Oct. 14
Chase Savings $150 Oct. 14
Chase Sapphire Preferred Credit Card $1,000 N/A
Ink Business Unlimited Card $500 N/A
Ink Business Cash Credit Card $500 N/A
Chase Refer a Friend Up To $500 N/A

Current Chase Promotions

There are currently a number of Chase offers and bonuses available either indefinitely or expiring on Oct.14. That includes checking accounts, savings accounts, credit accounts and general referrals.

Best Checking Account Promotions

There’s still time to cash in on a Chase checking account bonus for select accounts. Open one of these accounts before the promotion’s expiration date to take advantage of the offer.

Chase Premier Plus Checking: $300 Bonus

The Chase Premier Plus Checking account offers accessibility, plus the added bonus of earning interest. It also allows four free non-Chase ATM transactions per month. Here’s how to earn the $300 bonus on a new account:

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  • Cash value: $300
  • Expiration date: Oct. 14
  • How to get it: Open a Chase Premier Plus Checking account and have a direct deposit from a paycheck, private pension or government pension made within 90 days of opening the account.
  • When you’ll get it: Within 10 business days of receiving a qualifying direct deposit
  • Terms and conditions: To qualify, you must not have an existing Chase checking account or fiduciary account, closed an account within the past 90 days or closed an account with a negative balance.
  • Monthly fee: $25, but can be waived by meeting certain requirements
  • Promotion page: Chase Premier Plus Checking bonus offer

Chase Total Checking: $200 Bonus

Chase Total Checking is a basic checking account with traditional perks like chip-protected debit cards and access to online and mobile bill pay. Earn a $200 bonus by opening a new account with the Chase coupon code provided when you apply online.  Here’s how:

  • Cash value: $200
  • Expiration date: Oct. 14
  • How to get it: Open a new Chase Total Checking account before October 14, then set up and receive a direct deposit from an employer or government agency within 90 days.
  • When you’ll get it: Within 10 business days after meeting the requirements
  • Terms and conditions: To qualify, you must not have an existing Chase checking account or fiduciary account, closed an account within the past 90 days or closed an account with a negative balance. Previous customers who earned a bonus within the last two years are also not eligible.
  • Monthly fee: $12, but can be waived
  • Promotion page: Chase Total Checking bonus offer

Best Savings Account Promotions

Chase offers bonuses for those who open savings accounts and deposit a minimum balance. New accounts can earn up to $150 as a Chase savings account bonus, but you do need to maintain a minimum balance for at least three months.

Chase Savings Account: $150 Bonus

A Chase savings account comes with a monthly fee of $0 or $5. If you meet qualifications, such as maintaining an average of $300 per day, your savings account is free. To qualify for the savings bonus, however, you’ll need to deposit much more than $300.

  • Cash value: $150
  • Expiration date: Oct. 14
  • How to get it: Open a savings account and deposit $10,000 before 20 days have passed. Maintain the balance for 90 days.
  • When you’ll get it: 10 business days after meeting requirements
  • Terms and conditions: To qualify, you must not have an existing Chase checking account or fiduciary account, closed an account within the past 90 days or closed an account with a negative balance. Previous customers who earned a bonus within the last two years are also not eligible.
  • Monthly fee: $5, waived by maintaining a $150 balance
  • Promotion pageChase Savings

Best Credit Card Promotions

The best Chase bonuses for credit cards are lucrative offers for new and current account holders. Earn rewards worth up to $750 on these accounts.

Chase Sapphire Preferred Credit Card: $1,000 Value

Chase Sapphire Preferred offers a wealth of travel benefits, including double points for travel and dining and no foreign transaction fees. If you use your card to make $4,000 in purchases, you could be eligible for 80,000 bonus points worth $1,000. Here’s a closer look:

  • Cash value: $1,000
  • Expiration date: N/A
  • How to get it: Make purchases totaling $4,000 or more during the first three months after opening the account.
  • When you’ll get it: Within six to eight weeks of qualifying
  • Terms and conditions: Must not have an existing Chase Sapphire card or received a new cardmember bonus in the last 48 months as a previous Sapphire cardholder
  • Annual fee: $95
  • Promotion page: Chase Sapphire Preferred bonus offer

Ink Business Unlimited Credit Card: $500 Bonus

If you’re looking for a Chase business account bonus, check out the current offer on the Ink Business Unlimited credit card. This card features no annual fee and offers 1.5% unlimited cash back on all purchases. Sign up today to qualify for a $500 cash-back bonus. Here are the details:

  • Cash value: $500
  • Expiration date: N/A
  • How to get it: Open a new Ink Business Unlimited credit card and use it for at least $3,000 in purchases within the first three months.
  • When you’ll get it: Six to eight weeks after meeting requirements
  • Terms and conditions: Qualifying purchases do not include balance transfers, wire transfers or cash advances. Other restrictions also apply.
  • Annual fee: $0
  • Promotion pageInk Business Unlimited Credit Card bonus offer

Ink Business Cash Credit Card: $500 Bonus

With the Chase Ink Business Cash credit card, you’ll earn up to 5% cash back on purchases made in select categories. There’s no annual fee, and you can earn rewards faster with employee cards. New account holders also can qualify for a $500 cash-back bonus. Here’s how:

  • Cash value: $500
  • Expiration date: N/A
  • How to get it: Open a new Ink Business Cash credit card account and charge $3,000 in purchases within the first three months after opening.
  • When you’ll get it: Within six to eight weeks after meeting requirements
  • Terms and conditions: Cash advances, balances transfers and purchases made with convenience checks are not considered qualifying purchases. Other restrictions also apply.
  • Annual fee: $0
  • Promotion pageInk Business Cash Credit Card bonus offer

Best Referral Promotions

Like those of other banks, most Chase bank promotions are targeted at new customers. Chase now offers referral bonuses for current customers, providing a way to bank some extra cash.

Chase Refer a Friend: Up To $500 Bonus

If you’re already a Chase customer, you can earn extra cash by referring others to open any participating Chase Freedom credit card. Just sign up to receive a referral link to share with your friends and family members. You can earn $100 for each qualifying referral — up to $500 per year. The details are below:

  • Cash value: Up to $500
  • Expiration date: None
  • How to get it: Complete the online form to receive a link to share with friends and family. They must use the link to apply for a participating Chase Freedom credit card.
  • When you’ll get it: Within eight weeks after the person you refer is approved for an account
  • Terms and conditions: Friends must apply through the personalized link in order for you to be eligible for a referral bonus. Only friends that are approved for and open an account count toward the bonus.
  • Monthly fee: N/A
  • Promotion page: Chase Refer a Friend bonus offer

Past Chase Promotions

You may have missed out on these past promotions, but it can help to see previous Chase offers like the ones listed below.

Chase Total Checking + Chase Savings: $600 Bonus

One of the most lucrative Chase bank offers paid $600 for opening a checking and savings account at the same time. This applied to Chase Total checking and a Chase savings account. Here’s how it worked:

  • Cash value: $600
  • Expiration date: Expired
  • How to get it: You had to open a new Chase Total checking account and a new Chase Savings account. Then you had to set up and receive a qualifying direct deposit in the checking account, and deposit at least $15,000 in the savings account within 90 days.

How To Open a Chase Account

Opening a Chase account is as simple as going online, downloading the mobile app or visiting a Chase branch. You’ll need to provide the following personal information:

If you’re opening an account to earn one of the current Chase bonuses, you have to use a Chase coupon code. It will be automatically applied when you open an account online.

If you prefer to open an account at a Chase branch, simply enter your email address on the bonus offer page to receive the coupon, then take it to your nearest Chase branch.

Is Chase the Right Bank for You?

Chase bank promotions can be lucrative if you meet the qualifications to open an account and earn the bonus. But that shouldn’t be the only reason you open an account. It’s more important to find a bank that offers products and services to meet your financial needs. Chase is a large, national bank with plenty of branches and convenient ATMs. If you can meet the requirements to avoid hefty fees, Chase may be worth a second look.

Rates, offers and requirements are subject to change.

This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Chase.

This article has been updated with additional reporting since its original publication.

Editorial Note: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.

About the Author

Jared Nigro is a writer based in Los Angeles. His experience includes covering a range of personal finance topics for GOBankingRates, specializing in offering actionable advice for banking customers. In addition to writing about personal finance, he has written for environmental and socioeconomic organizations like The Daniel & Susan Gottlieb Foundation and InsideOUT Writers.