American Express National Bank 20,000 Amex Membership Rewards points checking account bonus: the real math
American Express National Bank pays 20,000 Amex Membership Rewards points on the Rewards Checking. Here is the requirement, the hold time, the effective return and what it works out to per hour ($571/hr).
The offer: American Express National Bank is paying 20,000 Amex Membership Rewards points on the Rewards Checking.
What you have to do: Open Rewards Checking and receive qualifying direct deposits totaling the amount stated in the offer terms within the first 60 days.
The numbers, before you spend an hour on it
| Measure | This offer | | --- | --- | | Payout | 20,000 Amex Membership Rewards points | | Money you have to park | None | | How long it sits still | No hold | | Effective annual return on that money | No capital tied up | | Your own time, roughly | 21 minutes | | What that works out to per hour | $571/hr | | Minimum to open | $0 | | Direct deposit needed | Yes | | When it pays | Points post about 8 weeks after the requirement is met |
Is it worth it
Yes, comfortably. Very few side hustles in America pay this well for an evening of paperwork.
Step by step
- Open American Express National Bank through the link below and finish the application in one sitting.
- Point a real payroll or benefits direct deposit at the new account. Bank transfers usually do not count.
- Leave it alone for the qualifying period so nothing claws the bonus back.
- Expect the payout: Points post about 8 weeks after the requirement is met. Put a reminder on your calendar.
The honest part
The button below is my personal referral link, so I may get a bonus too when you sign up. It costs you nothing, and when the public offer pays more I say so instead. Link status at last check: bot blocked.
Full payout math, charts and state availability live on the American Express National Bank bonus page.
This is not financial advice. Bonus terms change; read the bank's page before you apply.
Never miss the next one
Free weekly email with the best live American bonuses.