Rakuten’s $200 Alliant Checking Bonus: Details & How to Claim

Rakuten is offering a lucrative bonus for opening a new Alliant Credit Union checking account. The promotion currently provides a bonus of up to $200 or 20,000 Membership Rewards points, increased from an initial $150 or 15,000 points. To qualify, potential customers must first log in or create a Rakuten account (new users receive an additional $30 bonus). After clicking through the Rakuten link, they need to apply for and open a new Alliant checking account. The key requirement is completing a direct deposit of $500 or more within 30 days of clicking the Rakuten link. Alliant will review accounts to confirm eligibility, and if requirements are met, the cash back will be added to the Rakuten account within 45 days. There are some important exclusions. Existing Alliant members, joint account holders, and those who closed an account within the last 180 days are ineligible. Only one $100 cash back offer is allowed per new Alliant member. All applications are subject to Alliant's approval. The offer includes no monthly fees, but information on early account closing fees is unavailable. The offer's expiration date is also currently unknown. This promotion presents a significant opportunity to earn a substantial bonus by opening a new checking account, but careful consideration of the eligibility criteria and terms is essential before participation. The bonus structure and the added incentive of a $30 bonus for new Rakuten users further enhance the attractiveness of this offer. However, prospective customers should ensure they meet all the requirements, including the direct deposit stipulation, to avoid disqualification. The soft inquiry nature of the application process minimizes the impact on credit scores.

(Source: https://dannydealguru.com/bonus-for-alliant-checking-account/)