Tag Archives for bask bank.
I first wrote about Bask Bank and the Bask Savings Account at the beginning of 2020. I’ve been saving and earning with them for a year and the mileage-earning strategy has proven-out.
That’s not really a surprise. I’ve been a customer of Bask Bank’s parent, Texas Capital Bank, since July 2003. But it’s great to see that the value proposition has remained constant throughout the past year’s turmoil, and even looks more attractive compared to today’s alternatives.
2020 has been a hard year, but it’s almost behind us. And I’m excited to start traveling again, I’ve been plotting out several trips for the summer and fall of 2021. I’m only booking my airfare with miles, though, because of how flexible that can be.
A Bask Savings Account is a great way to earn these miles, and it’s great that the new customer bonus offer has been extended.
American Airlines has added partners that make their frequent flyer program more relevant to people in some of the largest cities in the country this year. American Airlines AAdvantage® miles with your savings account is an even better deal with low interest rates. And there’s the opportunity to earn an extra 25,000 referring friends for new accounts – that gets them a better offer than is publicly available, too – but that ends next month.
A Bask Savings Account is unique because it lets you earn large amounts of American Airlines AAdvantage® miles, and keep earning miles, without spending any money. You can move money in and out of your no fee account as you’d like.
And a Bask Savings Account makes a lot more sense than ever in the current environment, and especially because opening the no fee account before the end of April gives you access to bonus offers that will expiring.
Deposit $1000 and earn 5000 miles in a month. You still have the $1000 in your account (and it keeps earning miles). This offer ends unless you open your account by Saturday, February 29. Starting March 1 they’ll require a $5000 deposit to earn 5000 miles after account opening.
You’re better off jumping on this before the end of the week, when the offer becomes less generous (but still quite good).
I was able to get some time on the books to speak with Matt Quale who is the President of Bask Bank to get the backstory on this new mileage-earning savings account and also put some questions to him about how he feels about people registering for a free account just to earn the miles – and how he plans to convert those customers into long-term savers.
He’s an American Airlines Platinum member and a Marriott Platinum rounding towards lifetime status (he’s over 7 years of Platinum and 500 cumulative nights with the program). So he gets what we’re after.
Bask Bank will let you deposit money into the Bask Savings Account, earn miles, and withdraw the money. You can put in just the money necessary to earn the miles you’re looking for to top off your account for the award travel you want to book.
I’ve been a Texas Capital Bank, N.A. customer since July 2003 when I opened my BankDirect online checking account. Through BankDirect I’ve earned hundreds of thousands of American Airlines AAdvantage® miles.
Texas Capital Bank, N.A. has now launched Bask Bank offering online savings accounts that earn American Airlines AAdvantage® miles. Many of you will earn more miles saving than you will spending whether it’s spending money on a credit card or through an online shopping portal.
Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel -- a topic he has covered since 2002.
Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »
