Credit Union One
Credit Union One Cash Back Checking $200 Bonus
Credit Union ONE pays $200 in Mastercard debit-card rewards points (redeemable for cash) when you open a new Cash Back Checking account IN A BRANCH, set up direct deposit, register for digital banking, and keep the account open for 90 days. Michigan membership eligibility required.
- Bonus amount
- $200
- Expires
- Not listed
- Time to complete
- ~90 days
- Bonus deposited in
- ~95 days
- Difficulty
- Medium
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Requirements
Last verified: Oct 8, 2026
Open a Cash Back Checking account in a CU ONE branch
Open a new Cash Back Checking account in person at a Credit Union ONE branch. There is no online application path for this offer.
Set up and receive a direct deposit
Set up and receive a direct deposit into the new account within the first 90 days of account opening.
Register for Digital Banking
Register for CU ONE Digital Banking (online or the mobile app) within the first 90 days of account opening.
Keep the account open for 90 days
Keep the account open for 90 days after opening; the 90-day window starts about 2-3 business days after the account opens.
Have an active Mastercard Debit Card
Have an active Mastercard Debit Card on the account when the reward posts.
The $200 is added to the primary cardholder's Mastercard debit-card Rewards points balance by the 5th business day following the 90-day qualification window -- it does not land as direct cash. Redeem the points for a cash deposit to your checking or savings account (or apply them to a loan balance) through CU ONE's rewards redemption program.
Account Details
- $500 or more average monthly balance in the checking account
- An incoming automatic (direct) deposit
- 15 qualifying transactions in a month (debit card and bill pay; excludes ATM transactions)
- Account holder is under 25 or older than 64
Keep the account open for 90 days from account opening for the reward to post.
Eligibility
Existing Credit Union ONE members may open a new Cash Back Checking account and earn the reward; the primary account holder can only receive one $200 reward per account for the life of this offer, and a second Cash Back Checking account does not earn a second bonus.
- Credit Union ONE membership eligibility required: live, work, worship, or attend school in Michigan, or another standard field-of-membership route.
- Primary account holder only; joint account owners are not eligible.
- Account must be opened in person at a Credit Union ONE branch -- there is no online application path for this offer.
Tips & Gotchas
- →Branch-only: you must open the account in person at a Credit Union ONE branch. There is no online application path for this specific offer.
- →The $200 posts as Mastercard debit-card Rewards points, not direct cash. Redeem the points for a cash deposit to your checking or savings account (or apply them to a loan) -- don't let them sit as points only.
- →Michigan-only membership eligibility (live, work, worship, or attend school in MI, or another standard credit union field-of-membership route).
- →One $200 reward per primary account holder for the life of this promotion; opening a second Cash Back Checking account does not earn a second bonus. Joint account owners are not eligible.
- →$6 monthly service fee, easily waived with a $500 average balance, an incoming direct deposit, 15 qualifying transactions a month, or if you're under 25 or older than 64.
Can You Earn This Bonus Again?
Fine Print
$200 Bonus Debit Card reward is available to new Cash Back Checking accounts that, within the first 90 days of being opened, have (1) set up and received a direct deposit, (2) registered for Digital Banking, (3) kept the account open for 90 days, and (4) have an active Mastercard Debit Card. Account must be opened in a Credit Union ONE branch. The 90-day time frame starts approximately two to three business days after the account has been opened. $200 in bonus debit card rewards will be added only to the Primary Cardholder's reward balance within the Mastercard debit card rewards program by the 5th business day following the 90-day time frame. Primary account holder can receive one $200 reward per account, per the life of the offer. Any subsequent cash back accounts opened are not eligible for any additional $200 bonus debit card rewards. Joint account owners are not eligible. Member is responsible for any tax liability. Credit Union ONE reserves the right to change or discontinue this promotion at any time.
Taxable income
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