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The Biggest Bonuses Companies Are Offering in 2022

5 minute read

Devon Taylor

By Devon Taylor

Key Takeaways

  • A start of a new year brings plenty of bonus offers from various financial service companies.
  • The best places to look for bonuses are from banks, cryptocurrency banks, student loan refinancers, and all-in-one companies like SoFi.
  • In particular, 2022 is the best time invest in cryptocurrencies as the likes of Ethereum and Bitcoin are rising in value.

Of all the kinds of free money out there, getting a bonus for doing what you were going to do anyway is an easy favorite for many. Financial service companies are always eager for new customers and handing out bonuses is an easy way to attract new clients.

Regardless of the cash bonuses you can get just by creating an account, 2022 is a great time to start investing in cryptocurrencies. Even skeptics are now giving crypto a second look because you’re less likely to run into a scam and it’s possible to get some significant returns. Ethereum, for instance, rose almost 400 percent in value between December 2020 and 2021, while Bitcoin managed a 63 percent gain despite a significant mid-year dip.

SoFi

SoFi deserves a special mention. While this company is still an accredited financial institution, they work from a playbook very different from most banks. In effect, they try to be a personal financial advisor that happens to handle your money.

To entice customers to move their money over, SoFi is offering up to $2,230 in incentives. You can get these incentives by doing things that will set you on the right financial track. The offers are as follows:

Make sure to act soon as many of these offers expire on January 31.

Student Loan Refinance Companies

A college degree is supposed to be your ticket to a brighter future, but the debt can cripple you financially. If you’re currently locked into an interest rate that no longer makes sense or your financial situation has changed, examining your options can save you plenty of money in the long run.

Simply put, a student loan refinancer will buy your debt from your existing company, allowing you to renegotiate terms like the loan period and interest.

To help, here are some student loan refinance companies that offer an immediate financial incentive to working with them.

Education Loan Finance

Education Loan Finance will return up to $1,275 to you if you sign up with them using the correct referral link. However, this figure only applies to debt of over $150,000.

Given that the average outstanding student loan is $38,792, it’s more likely that your refund will be $300. Luckily, you can boost this by $400 each by getting your old college friends to refinance with Education Loan Finance as well.

Pla2na / Shutterstock

Splash Financial

Compared to Education Loan Finance, Splash Financial pays a somewhat lower referral bonus of $200. However, they offer a sign-up rebate between $300 and $1,000, depending on the amount of debt you refinance.

Note that Splash isn’t a lender itself. Instead, they will contact several student loans refinance companies on your behalf. This may or may not get you a better rate.

Credible

Credible operates in a similar way to Splash. Their bonuses range from $100 to $1,250.

As a loan referral service, one of Credible’s biggest draws is a very simple application process. After completing the application, you’ll be able to view a menu of loans available to you. These are displayed as a list complete with the interest rate, repayment period, and the amount you’ll have to repay each month.

Banks

Banking is a surprisingly cutthroat business as each one tries to lure customers away from its competitors. One way they do this is by offering cash bonuses to people who are willing to switch their accounts to a new bank.

Citi, for instance, is currently handing out rebates of between $300 and $1,500 to new customers who sign up for their Citi Priority checking account. Unfortunately, you’ll need to deposit at least $15,000 within 20 days and keep it there for two months to qualify. This figure rises to $200,000 if you hope to snag the full $1,500.

Fortunately, receiving $225 from Chase doesn’t require you to have nearly as much cash. All you need to do is open a new Chase Total Checking account and arrange to receive your paycheck by direct deposit.

Another excellent opportunity for earning a bonus comes from HSBC and their Premier Checking account. As long as you receive a total of $5,000 per month by direct deposit, you’ll get an extra $450 with very few strings attached for each of the first three months. The bad news is that this offer is aimed mainly at people who are already pretty solvent. Unless you maintain that $5,000 per month deposit rate or have at least $75,000 saved, you’ll get slapped with a service fee of $50 a month.

ProStockStudio / Shutterstock

Crypto Bank Accounts

We’re not suggesting that you put your entire life savings into crypto, but risking only as much as you can afford to lose is an excellent example of the barbell investment strategy. How are you supposed to get started, though, if you don’t know a blockchain from a meatball sandwich?

In a nutshell, the answer is a cryptocurrency account. Instead of managing your own digital wallets and dealing with inscrutable exchanges, cryptocurrency accounts make it easy to trade cryptocurrencies for cash and vice versa. Better yet, several platforms will give you a bonus just for showing up or asking your friends to do so.

Crypto.com, for instance, will award you up to $2,000 for each person who uses your referral code. The payout is based on the size of their initial deposit, plus 50 percent of their trading fees during the first year. Depending on how much of Crypto.com’s own coin they initially buy, the person you referred can count on $10 to $50 for themselves. A deposit of about $1,700 is required to qualify for the $50 reward at present prices.

Hodlnaut, meanwhile, will add $20 to any initial deposit of $1,000 or more. Moreover, you can receive another $20 for each new user you refer.

BlockFi works slightly different, presenting you with a bonus based on your initial investment. For example, you receive $20 in Bitcoin for depositing $1,500. The only catch is that you must maintain this balance for two and a half months to be eligible.

While these are some of the most attractive bonus offers on cryptocurrency accounts at the moment, don’t think there aren’t others. These accounts vary widely regarding which coins are supported, interest rates, fees, and cashback on card purchases. In other words, be sure to check out the likes of Coinbase, KuCoin, Gemini, and eToro as well.

Being Smart About Hunting for Bonuses

Switching financial service providers is a lot like going to the dentist for a checkup: scary, confusing, and apparently not all that urgent. As a result, many of us postpone checking out our options, possibly losing quite a lot of money in the process.

In reality, there’s a pretty good chance that you can find a better deal if you only look around. Cash bonuses can sweeten the pot, but don’t allow them to sucker you into doing something that isn’t really in your best interest. With financial matters, be sure to always read the fine print and do the math before committing to any decision.

Devon Taylor

Managing Editor

Devon is an experienced writer and a father of three young children. He's simultaneously trying to build college funds and plan for an eventual retirement. He's been in online publishing since 2013 and has a degree from the University of Guelph. In his free time, he loves fanatically following the Blue Jays and Toronto FC, camping with his family, and playing video games.

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