Newest Umpqua Promotions: Best Offers, Coupons and Bonuses May 2020
Umpqua Bank is a West Coast regional bank with locations in Oregon, Washington, California, Idaho and Nevada. Founded in 1953, Umpqua is the largest Pacific Northwest bank, with over 200 branches and $28.8 billion in total assets.
A GOBankingRates survey revealed that many Americans miss out on free money from financial institutions — such as the kind you can get from bank account promotions and bonuses. While these promotions shouldn’t be the reason you open an Umpqua account, they’re an added perk that you don’t want to miss out on.
Discover which Umpqua Bank promotions are best for you and pocket some extra cash in the process.
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Umpqua Bank Promotions at a Glance
Best Umpqua Promotions: May 2020 | ||
Account | Cash Value of Bonus | Expiration Date |
Home Loan | $500 | None |
Visa Real Rewards credit card | $25 | None |
Cash Rewards American Express credit card | $25 | None |
Related: Umpqua Bank Review: Is It the Right Bank for You?
Current Umpqua Bank Promotions
Now that you’ve seen what Umpqua Bank has to offer, it’s time to take a closer look. But remember: A bonus offer should never be the driving factor in opening an account. Consider it an additional perk. Keeping that in mind, here are all the details on how you can obtain these exclusive promotions.
Home Loan: $500 Credit
This offer lets you take advantage of a $500 credit if you close on an Umpqua home loan.
Cash value: $500
Minimum deposit to qualify: Qualifying home loan
Expiration date: None
How to get it: Apply for a home loan with Umpqua Bank and have or open an Umpqua personal checking account
When you’ll get it: At closing or within 90 days of closing
Terms and conditions: A $500 credit will be applied to your Umpqua Bank home loan at closing or within 90 days of closing. This applies to closed Umpqua Bank home loans with an application started on June 1, 2018, or later. The individual must have an Umpqua personal checking account with a balance of $1,000 or recurring direct deposits of $500 or more.
Monthly fee: None
Promotion page: $500 home loan credit offer details
Visa Real Rewards Credit Card: 2,500 Bonus Points
If you’re looking for a new cash-back credit card, this could be the one for you. You’ll immediately get $25 cash back after the first purchase, and continue with 1.5 points for every $1 you spend — no cap or limit.
Cash value: $25
Minimum deposit to qualify: $0
Expiration date: None
How to get it: Apply for the Visa Real Rewards credit card at Umpqua. The bonus points will be awarded to your account after you make your first purchase with it.
When you’ll get it: Within six to eight weeks after the first purchase is made
Terms and conditions: The offer includes 2,500 bonus points, which can be redeemed as $25 and will be applied to your credit card account after you’ve made your first purchase with the card. They will be available six to eight weeks after this purchase and can only be redeemed as cash if you have a bank account with Umpqua. You must be at least 18 years old and have a valid U.S. address Social Security number to open this credit card account.
Monthly fee: None
Promotion page: Visa Signature Real Rewards credit card
Cash Rewards American Express Card: $25 Cash Back
Another credit card offer, this American Express card will reward you with $25 after the first purchase you make with it. It also gives you 3% cash back on the first $6,000 you spend each year at gas stations, 2% on supermarket purchases and 1% on everything else.
Cash value: $25
Minimum deposit to qualify: $0
Expiration date: None
How to get it: Apply for the Cash Rewards American Express credit card at Umpqua. The $25 will be awarded to your account after you make your first purchase with it.
When you’ll get it: Within six to eight weeks after the first purchase is made
Terms and conditions: The $25 will be available to redeem six to eight weeks after the first purchase and can only be redeemed to a bank account with Umpqua. You must be at least 18 years old and have a valid U.S. address Social Security number to open this credit card account.
Monthly fee: None
Promotion page: Cash Rewards American Express credit card
How To Open an Umpqua Bank Account
To start banking with Umpqua, follow these steps:
Go to Umpqua’s homepage.
Select “Personal” under the banking options.
Choose the type of account that you’d like to open.
Choose from the available options within that category.
It’s important to do your research before deciding to open a bank account in your name. Make sure that you meet the minimum financial requirements, whether it’s a minimum deposit, monthly balance or recurring direct deposits, in order to avoid incurring extra fees later on. You don’t want any banking surprises.
Discover: How To Find and Use Your Umpqua Bank Login
Summary
If you live in the Pacific Northwest and enjoy community-centered banking, you may want to open an account with Umpqua. If so, there are a variety of options available that come with added bonuses. Whether you’re taking out a home loan or looking for a new credit card, make sure you’re getting all you can out of your Umpqua experience by securing their cash bonuses.
More on Umpqua Bank
More Bank Promotions
Information on promotions is accurate as of April 27, 2020. Additional requirements may apply. Offers and terms are subject to change.
This content is not provided by Umpqua Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Umpqua Bank.
This article originally appeared on GOBankingRates.com: Newest Umpqua Promotions: Best Offers, Coupons and Bonuses May 2020
