National City (recently merged with PNC Bank) is offering a $300 bonus, and 50,000 bonus points when you open a personal checking account with direct deposit and use your check card. The Capital One incentive we just posted was our biggest incentive ever posted until this.

Here is how you get this bonus:

• $100 Bonus – Have a direct deposit of at least $400 and make at least 10 check card purchases within the first 60 days of opening your new checking account with National City bank.
• Second $100 Bonus – Maintain a monthly direct deposit until 3/30/2009 and use your debit card an additional 25 times before this date.
• Final 100 Bonus – Continue with the monthly direct deposit and making another 25 check card purchases by 5/31/2009

After completing the requirements for all (3) $100 bonuses, you than qualify for the 50,000 bonus points.

To earn the 50,000 bonus points:

• To earn the first 25,000: Enroll in PNC points or National City points by 5/31/2010. These bonus points will post by 7/31/2010.
• To earn the final 25,00 points: Continue with a monthly direct deposit until November 2010. The points will post by 12/31/2010.

While this is the biggest bonus we have ever posted, they certainly do to to make this one not worth the hassle if you don’t intend to actually switch to National City/PNC. However, most of us will still jump through the hoops for this bonus. I have no doubt that we will keep seeing a lot more of these monster incentives from banks such as PNC and Capital One.

Expires: 11/28/2009

Link: National City Website

Original National City Ad:

American Express is offering $30 to existing cardholders when they sign up on their American Express Network website to participate in this offer.

You must register at the promotional website (link below) and make purchases at 6 out of 18 of the selected retailers by Devember 19th, 2009.

The offer is paid as a $30 statement credit after you are accepted and use your card ay 6 of 18 retailers:

• Target
• Amazon.com
• WalMart
• Drugstore.com
• Costco
• Kohl’s
• Dunkin Donuts
• Burger King
• Subway
• Exxon Stations
• Chevron
• Mobil Stations
• Whole Foods Market
• Shoprite
• Smart & Final
• TGI Fridays
• Panera Bread
• Outback Steakhouse

The offer is valid for existing customers with co-branded Amex credit cards, for example the Costco Amex, or Delta AMEX. I was accepted with my Starwood card.

Link: Offer Page

Expires: First 10,000 sign ups or 12/19/2009

Capital One has released a new checking account offer of $300, and you must hurry as the offer ends 12/31/2009. Their $150 offer was rather popular, but apparently it was not popular enough so they doubled it. This is a rewards checking account, and you will also receive 5,000 bonus miles!

The account carries no monthly maintenance fee and no minimum monthly balance requirements.

To qualify, you must open your account by 12/31/2009 and make two direct deposits of at least $250. You must use the promo code RCT and open the account at your local Capital One branch. There is a $50 minimum opening deposit required.

Additional Features:

• Earn 10 miles for non-pin transactions
• Earn 5 miles for debit purchases
• 5 miles for checks or cash withdrawls
• 10 bonus miles for paying a bill online
• 1,000 miles for opening your account
• 4,000 miles for signing up for direct deposit
• 1,000 miles on your first account anniversary
• Get cash back starting at 10,000 miles
• Redeem points for airline tickets with as little as 15,000 miles
• Merchandise starting at 10,000 miles

I’m actually going to open one of these accounts Monday as I already have a Capital One credit card that I need to pay off, so I can simply make (2) direct deposits and pay off my card!

Promo Code: RCT

Expires: 12/31/2009

Link: Must be opened at a banking center

The British Airways Visa from Chase is currently offering a total of 100,000 bonus miles to new applicants. This is a good card for those who travel by BA frequently, it should be noted that the card carries a $75 annual fee. The card does boast some very impressive benefits for frequent flyers, including:

• 2.5 British Airline Miles for each dollar spent, 1.25 miles for every other dollar spent
• Every year that you spend over $30,000 you receive a redemption voucher for a companion airline ticket that is valid for 2 years
• $50 off every round trip transatlantic flight

The bonus 100,000 airline miles are issued as follows:

• By making your first purchase you will receive 50,000 miles
• After spending $2,000 in the first 3 months, you earn an additional 50,000 bonus miles for a total of 100,000 bonus miles – enough or two transatlantic rewards flights.

For complete terms and conditions please visit the offer page below.

Expires: Unknown

Link: Chase Offer Page

Updated: 11/16/2009 – offer code has changed, and expiration changed to 1/30/2009

Bank of America has another $100 checking account incentive available. This bonus also requires a minimum $500 opening deposit. To receive the bonus, you must be a new Bank of America customer, keep the account open for at least 30 days, and make 1 transaction with your debit card.

You MUST use the offer code AOU261109.

The offer page says that if you open the account online, it’s 100% free and there is no listing of requirements to keep it free. From personal experience, the account is free as long as you have a monthly direct deposit. I will try and confirm with them regarding this offer.

Link: Offer Page

Expires: 1/31/2010