Heads up, awardtrail readers! American Express is offering a sweet $250 bonus for opening a new Rewards Checking account. This is a solid deal if you're looking to switch banks or just want a little extra cash in your pocket. The offer is running through January 31st, 2026 and appears to be available to any Amex cardholder. To snag the bonus, you'll need to open a new Amex Rewards Checking account and deposit at least $5,000 in qualifying direct deposits (like your paycheck) within 90 days of opening the account. Keep in mind that person-to-person transfers or transfers between your own accounts don't count. Also, make sure you haven't had an Amex Rewards Checking account before and that you keep the account open for at least 8-12 weeks after meeting the requirements, as that is how long it takes for Amex to deposit the bonus. Why does this matter to you, the savvy traveler? Well, an extra $250 can go a long way towards your next adventure! Plus, Amex Rewards Checking accounts don't have monthly fees, which is always a win. Just remember that this bonus is considered taxable income, so you'll need to report it when you file your taxes.