Now through December 31, 2021, Vantage West Credit Union (Vantage West) is offering a $300 bonus and a $100 bonus for new members who open a Premium Rewards Checking or Essential Checking account (both non-interest bearing). These are not cash bonuses per se: 30,000 and 10,000 Rewards Points (they have cash values of $300 and $100, respectively) will be award when the qualifying requirements are met. Points can be redeemed for cash back, merchandise, gift cards, travel, and charitable donations.
As stated in the Disclosure section of the promotion page,
- Promotion runs June 1, 2021- December 31, 2021.
- Your checking account must remain open for at least 6 months. If it is closed within 6 months of the open date you may be responsible for reimbursement of any bonus awarded.
- Your account must be in good standing at time the bonus is awarded.
- The Rewards Points will be credited to your rewards account within 30 days of the date the last requirement is met.
- Limit one new Premium Rewards or Essential Checking account, per membership and per member, will be eligible for the bonus.
- Offer available to non-Members who have not had a relationship with Vantage West in the past 6 months.
- Offer valid for new Premium Rewards and Essential Checking accounts only.
- Members with any existing Vantage West relationship are not eligible for the bonus.
Premium Rewards Checking
To qualify for the 30,000 Rewards Points bonus ($300 cash value), you must open a new Vantage West Membership and a Premium Rewards Checking account and complete each of the following within 60 days of account opening: Deposit an aggregate total of $1,000 and complete 1 debit card transaction (transaction must be completed with the debit card).
A Premium Rewards Checking account can be opened with a minimum $20 deposit. There is unlimited check writing and a free VISA debit card will be issued after account opening. One Reward Point will be awarded for every $5 spent on qualifying purchases using the Vantage West VISA debit card. There are unlimited fee-free withdrawals at Vantage West ATMs and surcharge fees incurred at “foreign” ATMs will be reimbursed up to $7 per month. The $12 monthly service fee will be waived with a minimum daily balance of $3k, or a combined average daily balance in ALL deposit accounts of $10k, or monthly net direct deposit of $750.
To qualify for the 10,000 Rewards Points bonus ($100 cash value), you must open a new Vantage West Membership and an Essential Checking account and complete each of the following within 60 days of account opening: Deposit an aggregate total of $500 and complete 1 debit card transaction (transaction must be completed with the debit card).
An Essential Checking account can be opened with a minimum $20 deposit. There is no monthly service fee if enrolled in eStatements. There is unlimited check writing and a free VISA debit card will be issued after account opening. There are unlimited fee-free withdrawals at Vantage West ATMs, but no “foreign” ATM fees will be reimbursed.
Headquartered in Tucson, Arizona, Vantage West Credit Union’s field of membership (FOM) is primarily community based, with individuals who live, work, worship, attend school, or volunteer in the following areas eligible to join:
All businesses located in the above locations are also eligible for membership.
Most active, retired, separated, civilian employees, and military dependents of U.S. Armed Forces members who are or were stationed/trained at Davis-Monthan Air Force Base are also eligible to join.
Immediate family members of a current Vantage West membership qualify for memberhip.
Membership qualification details are listed on the Join Vantage West page.
Joining Vantage West and applying for either bonus can be done online, by phone (800.888.7882), or at any of 21 Arizona branches located in Casa Grande, Catalina, Gilbert, Mesa (3), Phoenix (2), Tombstone, and Tucson (12). In-branch appointments can be scheduled online, or by “calling ahead or while on-site.”
Effective August 9, 2021, our Members and lobby guests in Cochise, Pima, Pinal, and Maricopa Counties are strongly encouraged to wear a mask in accordance with CDC guidelines.
Opening a Regular Savings Account with a minimum $5 deposit establishes a Vantage West membership.
Vantage West participates in the CO-OP Shared Branch network.
Credit Union Overview
Vantage West Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.02% (excellent) based on June 30, 2021 data. In the past year, Vantage West has increased its total deposits by $229.66 Million, an excellent annual growth rate of 11.91%. Please refer to our financial overview of Vantage West Credit Union (NCUA Charter # 68558) for more details.
Vantage West Credit Union was originally chartered in 1955 as the DMAFB Federal Credit Union for the benefit of military and civilian personnel at Davis-Monthan Air Force Base. In the past 65 years, the field of membership has been expanded several times, with a conversion in 2006 to a state charter being the most comprehensive. In August 2006, the Credit Union was re-branded as Vantage West Credit Union to better represent the new membership guidelines. Following mergers with First Edition Community Credit Union (2010) and Tombstone Federal Credit Union (2014), Vantage West has become Arizona’s third largest credit union, with more than 164,000 members and assets in excess of $2.5 billion.
As most of DA readers are aware, checking bonuses are more attractive when interest rates are low because they offer earnings not available in a liquid account or short-term CD. There aren’t any liquid accounts or CDs that currently return $300 on a $1k deposit in approximately six months. To earn $300 in a typical online savings account (with a 0.60% APY) would require a $50k balance on deposit for a year.
If you don’t qualify for a Vantage West bonus, take a look at our full list of the best savings and checking account bonus offers.
The above information and rates are accurate as of 9/18/2021.