Snag a $250 Bonus from Air Academy Credit Union in Colorado

Hey folks, if you're in Colorado and looking for a straightforward checking account bonus, this one from Air Academy Credit Union is worth a look. It's a solid $250 for meeting a few requirements, and the accounts themselves have some decent perks. Let's break down what you need to know to get that cash.

What You Need to Do to Get the $250

The requirements are pretty clear-cut. First, you'll need to open either a Cash Rewards Checking or a Cash Back Rewards Checking account with at least $200. This is a new account offer, so you can't have an existing Rewards Checking account with them.

Once the account is open, the clock starts. You have 90 days to complete two tasks. The main one is setting up a qualifying direct deposit that totals $1,500 or more. The credit union is specific about what counts: your paycheck, Social Security, pension, or government benefits are good. What doesn't count? Cash deposits at a teller, Zelle transfers, ATM deposits, or mobile app deposits. It also needs to be a recurring deposit.

The second task is simple: use your Visa debit card for at least one purchase and let it clear. After you've ticked both boxes, the bonus should land in your account within 60 business days.

A Quick Look at the Two Account Options

You have a choice between two accounts, both of which are fee-free. The Cash Back Rewards Checking offers 10% cash back on debit card purchases (up to $25 per month) if you meet monthly activity requirements, which include having a direct deposit and making 12 debit purchases. It also refunds some ATM fees.

The Cash Rewards Checking account earns interest—1.25% APY on balances up to $15,000—if you meet similar monthly activity requirements. It also has the ATM fee refunds. So, you can pick based on whether you prefer cash back or a bit of interest on your balance.

Important Fine Print and Things to Watch

Always read the details, right? Here are the big ones that could trip you up. First, you absolutely must be living in Colorado. They will check residency.

This offer is only for new Rewards Checking members. If you've had one of these accounts before, closed an account with them in the last 180 days (or with a negative balance in the last three years), or have ever received a checking bonus from them, you're not eligible.

Remember that $25 early closure fee. If you get the bonus and then close the account within six months, they'll take that fee back. Also, don't forget the bonus is taxable income—you'll get a 1099 form for it.

A crucial step: you must either use the official offer link or mention the offer (the code LOCALBONUS if applying in person) when you open the account. If you don't, you might not get the bonus, even if you do everything else perfectly.

Is This Offer Right For You?

If you're in Colorado and can reliably switch a direct deposit of at least $1,500 over three months, this is a nice, low-effort bonus. The account terms are consumer-friendly with no monthly fees, which is great.

The main hurdle for many will be the geographic restriction and the direct deposit requirement. If your income is variable or you can't easily change your direct deposit, this might be stressful. Also, if you're not a fan of using a debit card, remember you'll need to make at least one purchase with it.

Compared to national bank bonuses, $250 is a competitive offer, especially from a local credit union. Just make sure you qualify before you start the application process.

Bottom Line

• A strong $250 bonus for Colorado residents who can meet a straightforward direct deposit requirement.
• Choose between a cash-back or interest-earning checking account, both with no monthly fees.
• Crucial to use the offer link or mention the promo code during application to ensure eligibility.
• Watch out for the 180-day early closure fee and strict rules on previous account history.

Common Questions