Newest Comerica Bank Promotions: Best Offers, Coupons and Bonuses August 2020

This month's Comerica Bank promotions feature credit cards.

It's been more than 160 years since Comerica Bank got its start as Detroit Savings Funds Institute, and a lot has changed since then. Comerica is now headquartered in Dallas and ranks as one of the 25 biggest financial holding companies in the U.S., with branches in Texas, Arizona, California, Florida and Michigan.

To attract new customers and encourage existing customers to try new products, Comerica offers cash bonuses and other account promotions. Interestingly, a recent GOBankingRates survey found that many Americans don't consider promotions when hunting for a new bank. The survey found that a third of banking customers choose their bank based on convenience and location. More than two-thirds of respondents said they wouldn't consider changing banks just for a cash bonus and wind up leaving free money on the table.

If you're in the market for new banking products and appreciate the allure of free bonus money, check out the latest Comerica Bank promotions. Here's what you'll find in this guide:

Comerica Bank Promotions at a Glance

Comerica's promotions for June 2020 all focus on credit cards rather than checking or savings accounts. No coupon codes are required for any of the bonuses. Here's a quick look:

Best Comerica Bank Promotions: August 2020
AccountCash Value of BonusExpiration Date
Premier Rewards American Express Card  $200None
Signature Elite Visa Card $100None
Cash Rewards American Express Card $25None

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Comerica bank promotion

Current Comerica Bank Promotions

Customers can sign up for Comerica Bank promotions by visiting one of its branches or applying online. Below are the details on how to take advantage of the promotions for August 2020:

Premier Rewards American Express Card: $200 Bonus

Comerica's Premier Rewards American Express is best suited for frequent travelers. The card pays generous bonus points on purchases at restaurants and dining facilities, at airlines and on gas, plus one point per dollar spent on everything else. In addition, Comerica will award you 10,000 bonus points (a $100 value) and reimburse your TSA Precheck or Global Entry application (another $100 value) once you are approved and complete the following requirements:

  • Cash value: $200
  • Minimum spend to qualify: $1,000 in the first three months
  • Expiration date: None
  • How to get it: After you get the card you must spend $1,000 in the first three months.
  • When you'll get it: Six to eight weeks after you qualify
  • Terms and conditions: Balance transfers and cash advances don't count toward the minimum spending amount.
  • Annual fee: $95
  • Promotion page: Comerica Premier Rewards American Express Card

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Signature Elite Visa Credit Card: $100 Bonus

Taking advantage of this promotion gives you access to luxury travel benefits, including exclusive entry to airport lounges and Visa Signature concierge services. You can earn one point for every dollar you spend plus a bonus of 25% annually on your rewards earnings. You'll earn 10,000 bonus points after you apply and are approved, which represents a cash value of $100. Here's more:

  • Cash value: $100
  • Minimum spend to qualify: One purchase of any amount
  • Expiration date: None
  • How to get it: Apply and get approved for the card and then use it to make a purchase.
  • When you'll get it: Six to eight weeks after your first purchase
  • Terms and conditions: The 10,000 reward points can be redeemed as a cash deposit to a Comerica Bank checking or savings account.
  • Annual fee: None listed, though Comerica says the fee is "low" on its promotion page
  • Promotion page: Comerica Signature Elite Visa Credit Card Promotion

Cash Rewards American Express Card: $25 Bonus

If you spend a lot of money on gas and groceries, the Cash Rewards American Express card is a good option. The card pays 3% cash back on gas purchases, 2% cash back on groceries and 1% on every other dollar you spend. On top of that, this Comerica Bank offer pays you a $25 bonus after your first purchase. Here are the details:

  • Cash value: $25
  • Minimum spend to qualify: One purchase of any amount
  • Expiration date: None
  • How to get it: Apply and get approved for the card and then use it to make a purchase.
  • When you'll get it: Six to eight weeks after using your new card for a purchase
  • Terms and conditions: You must be a Comerica bank customer.
  • Annual fee: None
  • Promotion page: Comerica Cash Rewards American Express Card

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How To Open a Comerica Bank Account

You'll need to visit your local Comerica branch to apply for the cards featured in these offers. Be sure to have the following information ready when you apply:

  • Name, home address and contact info
  • Social Security number
  • Date of birth
  • Occupation
  • Government-issued photo ID such as a driver's license, state ID or passport

See More: Best Regional Banks of 2020

Do You Qualify for These Comerica Bank Promotions?

Comerica makes it simple to earn bonus cash, but you'll first have to qualify for the featured credit cards. This shouldn't be difficult if you have a decent credit score and can supply the bank with all the information it needs. Once you qualify and receive your new card, all you need to do is use it to make some purchases. The bonus will automatically be applied to your account soon after you qualify.

If you have a poor credit history, Comerica offers customers a secured credit card that can help you repair your credit score. If you make your payments on time, Comerica will report your progress to the credit bureaus, putting you back on track to take advantage of future bonus offers.

Check back each month for updates and new promotions as they are available. If none of the above promotions seem like a good fit for you, there are also a number of other banks offering promotions this month.

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This content is not provided by Comerica Bank. 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 Comerica Bank.

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

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