Bank Accounts w/ $1000+ Credit Card Funding

Update 9/1/2024. John from Bank Account Bonus Central made a youtube video yesterday stating that there is $5k of CC funding when signing up for a new SkyOne Federal Credit Union account. For more details see the SkyOne Federal Credit Union section below.

Update 6/7/2024. Risen from the graveyard, BluPeak is now back, again offering $1500 credit card funding! I will continue to keep this list updated as often as possible. Please let me know if anything has changed.

The following is a list of bank accounts which allow $1000 or more in credit card funding:

US Bank Business Checking. $3000 in credit card funding — including Amex cards. $400 to $800 sign up bonus depending on deposit amount. Profitable Content.

US Bank Business Savings and Business Money Market. $3000 in credit card funding to each — including Amex cards. The savings account has no fee but the interest rate is horribly low. The money market account is 3.5% APY and also has a monthly fee of $15 if you have less than $10k in there.

By the way, I recently tried to open up a 7 month CD with US Bank to see if I could fund it with a credit card. They did not allow it. So I ended up not funding it. Just wanted to share in case anyone else got the same idea. It was a waste of time for me at least.

SecurityPlus Federal Credit Union. At the time of this writing, SecurityPlus offers $2000 in credit card funding when signing up for a new checking account with them. There’s also a $50 sign up bonus in the form of an Amazon gift card, using a referral. For the sign up details see Profitable Content. They also offer $2000 in credit card funding for various products such as CD’s, money market as well as savings — the 12 month CD looks decent at the time of this writing (6/8/2024):

BluPeak Credit Union. $1500 credit card funding is back for checking, savings and CD’s. I just logged on to the BluPeak portal very recently and am seeing a pretty good promo on a CD product: 4.25% APY for 3 month term; all of the other longer term promos were at 3.75% APY. (Regular rate on 3 Month CD at BluPeak is 0.25%.)

6/11/2024 DP: BluPeak very recently approved me for a 90 day 4.25% APY CD via $1500 credit card funding.

Wings Financial. Up to $6000 credit card funding on initial app. $1500 x four accounts. See BABC.

On Tap Credit Union. $1000 credit card funding per account. $150 sign up bonus. Profitable Content. In early July 2024, I signed up for this. I cc funded the On Tap checking account $1000 with my recently acquired Citi Strata Premier. I suggest just opening the checking account to start with so the initial cc fund of $1000 isn’t spread among accounts. At this time of writing, 7/6/24, On Tap offers a 9 month CD with 5% APY, which you can also fund $1000 with a credit card.

OnPath Federal Credit Union. $1000 credit card funding per account. $50 sign up bonus. 7% APY up to $10k. Profitable Content. (I’ll be signing up for this in the near future.)

SkyOne Federal Credit Union. John from Bank Account Bonus Central made a youtube video on 8/31/2024 stating that there is $5k of CC funding when signing up for a new SkyOne Federal Credit Union account. I don’t know much about the bank or what they offer. John’s referral link is in his video as a QR code. I will probably sign up to check it out. I am not sure whether or not they offer repeat $5k CC funding after the account has been open. From the video it appears the minimum duration of the CD is 6 months at 3% APY.

The Graveyard

• Unify Federal Credit Union — used to be $2000 per account but is currently $100 at the time of writing this.
• Langley FCU — As per Butterboy’s comment below (9/8/2024), they are not currently offering CC funding at this time.

Chex Sensitive

All the following denied me in late 2023 with not all that many Chex inquiries. Not sure if these continue to offer credit card funding or what the limits are.

• Affinity Federal Credit Union. Profitable Content.
• Stanford Federal Credit Union
• GTE Financial. I have read it is $5000 per CD and $500 for other accounts, but I can’t personally confirm this as they denied me due to Chex.
• KeyPoint Credit Union

Other Resources

Doctor of Credit. Bank Accounts That Can Be Funded With A Credit Card

Some Tips on Certificates of Deposit

• Set a calendar event with alert on your phone to inform you when your CD matures. This way you can withdraw the funds as soon as possible, if you desire. If you wish to cash it out after maturity, I recommend doing this as quickly as possible as banks like SecurityPlus have a lengthy process to cash out a CD — more on SecurityPlus below.

BluPeak. I like how easy it is to close a CD with BluPeak. Just call them right after the CD matures, and they can do the entire thing over the phone unlike the experience I had with SecurityPlus.

SecurityPlus. They make you go through a series of steps to close a CD. They send a portal message to you each time but you don’t know they did because the portal doesn’t alert you via email or text that a new message is there; I don’t even see the message alert while logged into the portal! (I looked and saw no way to setup the alerts so you are notified.)

I think they do this deliberately. It took me over two weeks to cash out a CD because I didn’t know they’d make you jump through so many hoops, message after message. So check the messages every day there in their portal until the CD cash out is complete.

They sent me a message asking for me to fill out a form, sign it, scan and it send it back along with the front and back of my driver’s license. Then in the subsequent message they asked me to scan my latest utility bill. I did so and after that they asked me a question via yet another message “Thank you for your message; Can you please indicate who the document is addressed to?” My exact first and last name and address registered with the bank was at the very top of the bill. There was no other name or address. So it seems like they were deliberately playing games to stall the cashing out of this CD, knowing that most people won’t know they’ve gotten a reply until they login several days later to see if SecurityPlus FINALLY cashed out the CD.

So just expect a series of requests and manually log in every day and check the message portal. With all that said, I recently bought a 12 month CD with them at 5% APY, now that I know their process. When I make the next CD closure request and they ask for me to fill out and sign form along with attaching images of my ID, I will also scan my utility bill and also tell them “yes that is me who it is addressed to”. So it won’t this long string of messages from them in the future.

Update 9/1/2024. SecurityPlus seems to have improved things a bit with closing a CD via secure message. Just login though every so often to see if they sent you a SM; make sure to go to SM in the SecurityPlus portal as they don’t even alert you in the portal that there is an SM sitting there waiting for you to read.