BECU Promotions, Bonuses and Offers: October 2024

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BECU is a Seattle-based financial cooperative that offers the standard lineup of checking, savings, CD accounts, credit cards, loans and investment services. It was once only available for Boeing employees but now accepts members residing in Washington and parts of Idaho, Oregon and South Carolina.

Like many financial institutions, BECU occasionally runs promotions that provide cash bonuses to new and existing members. Many banks do this because they want your business, but you can benefit from the free cash by boosting your savings balance or covering an expense.

The BECU promotions included here highlight just some of the ways the credit union helps its members save money and improve their financial health. If you’re interested in earning some extra cash or getting a credit card with a great introductory rate, check out what BECU is offering this month.

BECU Passport Members: $150 Bonus for New Checking and Savings

If you’re a BECU Passport Member, you can receive $150 when you open a new checking and savings account. You’ll need to complete at least five qualifying actions and use the passcode PASSNEW when you submit your application. You can apply either online or in-person. Here’s more:

• Cash value: $150
• Minimum deposit to qualify: $500 into checking
• Expiration date: Dec. 31, 2024
• How to get it: You must complete at least five qualifying actions in the first 30 days of opening your account. These can be:
  • Use your BECU Debit Mastercard for purchases
  • Issue a paper or electronic check
• When you’ll get it: 120 days after opening the account, if all requirements were met in the first 30 days
• Terms and conditions: Only open to new members. If you are rejoining BECU, you must not have held a membership in the last six months. Employees of BECU are also not eligible to receive this promotion. You must have both a Member Share or Member Advantage savings as well as a checking account to qualify.
• Monthly fees: $0
• Promotion page: BECU Passport Member Special Offer

BECU Refer-a-Friend: $100 Bonus

BECU members and the person they refer can each get $100 when the new member begins using their account.

• Cash value: $100
• Minimum deposit to qualify: $0
• Expiration date: Dec. 31, 2024
• How to get it: Head to the offer page to get your unique referral code, plus include the promo code REFER in your invitation. Then, the new member must sign up using both codes and begin using their account, making 10 qualifying transactions (these include making debit card purchases, writing a check or making a payment through bill pay) in the month after they open it, keeping their account open and in good standing for 90 days. Once they complete these requirements, you’ll each get $100.
• When you’ll get it: Within 120 days of the new member completing the requirements
• Terms and conditions: You must be the primary account holder to make a referral. The new member must not have a current membership with BECU or a previous one within the past six months, and they must meet the membership requirements.
• Monthly fees: None
• Promotion page: BECU Refer-a-Friend bonus offer

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BECU Home Rewards: Up To 20% of Commission in Cash Back

BECU members can enroll in the Home Rewards program if they’re ready to buy or sell a home. This program pairs members with real estate professionals who guide them through the entire homebuying — or selling — process. At closing, members receive up to 20% back of the agent’s commission for the sale. Depending on the size of your home transaction, this perk could add up to a significant amount of cash back. Here’s how it works:

• Cash value: Up to 20% of real estate agent’s commission
• Minimum spend to qualify: No minimum spend is specified, but you must buy a home in order to qualify.
• Expiration date: None
• How to get it: Enroll in BECU Home Rewards. Use the program resources to buy a home.
• When you’ll get it: After the sale closes
• Terms and conditions: To receive the bonus, you must use a real estate agent referred to you by the program. You may not be already under contract to purchase or sell another home.
• Promotion page: BECU Home Rewards bonus offer

BECU Visa Credit Card: 0% Introductory APR

The BECU Visa credit card is a fee-free card, which means you won’t pay a dime for an annual fee, balance transfer, foreign transaction or cash advance. The lack of a balance transfer fee is especially noteworthy. For those with credit card debt, locking in a 0% interest rate without a balance transfer fee gives you a chance to make significant headway in paying off your credit card balance.

Plus, it comes with additional perks like travel insurance, roadside assistance and more. Right now, new and current BECU members enjoy 0% APR on balance transfers and purchases for the first year. After the introductory year, the variable interest rate jumps to a range of 14.24% to 25.24% APR. Here are the details:

• Cash value: N/A
• Minimum spend to qualify: $0
• Expiration date: N/A
• How to get it: Open a new BECU Visa credit card account and keep it open for 12 months.
• When you’ll get it: The introductory APR starts the day you open the account.
• Terms and conditions: The introductory rate applies only to balance transfers made within 90 days of opening the account.
• Annual fee: None
• Promotion page: BECU Visa credit card bonus offer

BECU Cash Back Visa: $100 Bonus

BECU’s Cash Back Visa card earns a respectable 1.5% cash back on all purchases. There’s no limit to the cash back you can earn, and the lack of fees (there’s no annual fee and no fees for balance transfers, cash advances or foreign transactions) adds value. Additionally, you can earn a $100 sign-up bonus when you hit certain spending thresholds.

• Cash value: $100
• Minimum spend to qualify: $2,000
• How to get it: After applying and being approved for the BECU Cash Back Visa, make $2,000 in purchases within the first three months of opening your account.
• When you’ll get it: Up to 30 days after meeting the spend requirement
• Terms and conditions: The offer is not available to current cardholders or previous cardholders who have claimed a bonus for this card in the past 12 months. Certain transactions, such as balance transfers, cash advances, fees and gambling wagers do not count as purchases. See the offer page for full details.
• Annual fee: $0
• Promotion page: BECU Cash Back Visa bonus offer

Expired BECU Promotions

BECU Checking and Savings Account: $100 Bonus

By using the promo code NEIGHBOR when opening a new checking and savings account with BECU and completing the qualifying activities, you could’ve earned a $100 bonus.

• Cash value: $100
• Minimum deposit to qualify: $0 if you complete qualifying transactions or $500
• How you got it: Visit the membership page at the BECU website and use the promo code NEIGHBOR when opening a new Member Share or Member Advantage savings account and also a checking account. Then, either deposit $500 into your new checking account or make at least five qualifying transactions, like making a purchase with your debit card, writing a check or electronic check or making a payment using bill pay. All qualifying activities had to be completed within 30 days of opening the account.
• When you got it: Within 90 days of establishing the qualifying accounts
• Terms and conditions: You had to be 18 or older and establish a membership to the credit union by opening the Member Share/Member Advantage savings and checking accounts, and your account had to remain open for at least 90 days.

How To Open a BECU Account

To open a BECU account, you need to join the credit union. Anyone who lives or works in Washington state or select counties in Idaho and Oregon may join. Also, individuals who live in South Carolina and donate at least $1 to the BECU Foundation join the credit union. Individuals associated with the following organizations are also eligible for membership:

• University of Washington Alumni Association
• Washington State University Alumni Association
• BECU Foundation
• GoWest Foundation
• Sea Hawkers Central Council
• KEXP

You can make an appointment at a local branch or apply for an account online. Here’s what to provide to open an account:

• Social Security number
• Driver’s license, passport, state or military ID
• Contact information, including a street address and phone number

Are BECU Promotions Worth the Switch?

BECU offers a variety of promotions to fit your financial lifestyle and stacks up to some of the best credit unions in the country. If BECU offers what you need and you meet membership requirements, it may be worth the switch. You’ll be able to take advantage of BECU bonuses and other programs that can save you money, so you reach your financial goals faster. Just don’t make free cash the only factor you use when considering BECU.

Final Take

If you want to work with BECU, snagging a promotion can make membership even sweeter. While extra bonuses are nice, it’s important to confirm the credit union fits your financial needs before opening up an account with a new financial institution. If you decide BECU isn’t the right fit, consider these other bank bonuses as you explore your options.

Melanie Grafil, Sarah Sharkey and Julia Gordon contributed to the reporting for this article.

Information on promotions is accurate as of Oct. 11, 2024. Additional requirements may apply. Offers and terms are subject to change.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

This article has been updated with additional reporting since its original publication.

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