Opened American Express Kabbage Checking Account

[ScorpioRising]

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@Anonymous wrote:

I just got an offer for $300 bonus ( 5 debit card purchases in 60 days) -- anyone else?

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I got the same offer through one of my Amex Biz cards. I read up on it because I didn't know what Kabbage was and then I opened an account mainly because of the $300 bonus. I'm waiting for the debit card to arrive in about 7 days. 

I may need some heavy funding down the road, so Kabbage seems like a viable option to keep open. Have you opened your account with them yet?

[sugarcreek67]

The business account pays 1.1% up to 100k   I opened one about 2 weeks ago. was a pretty painless application process.  I set up an external account to draw from to add money into the account. took a week for Kabbage to pull from fifth third business account. I have not tried using the mobile banking option yet but may test a mobile check deposit to see if it goes a bit faster.  just what i have learned so far. I did not get that 300 sub offer :-(

[ScorpioRising]

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@sugarcreek67 wrote:

The business account pays 1.1% up to 100k   I opened one about 2 weeks ago. was a pretty painless application process.  I set up an external account to draw from to add money into the account. took a week for Kabbage to pull from fifth third business account. I have not tried using the mobile banking option yet but may test a mobile check deposit to see if it goes a bit faster.  just what i have learned so far. I did not get that 300 sub offer :-(

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Sorry about the SUB. The sub offer I received was from an email from Amex, sent specifically to my Platinum Biz Card account. It showed the card itself on the email and didn't show anywhere else on my other cards. 

Like you said, the app was relatively fast. It took about 10-15 minutes with identity check etc. I was able to link an external account and make a deposit right away but that hasn't shown up yet. 

[sugarcreek67]

I never saw anything come across any of my AMEX cards either I just happened to see ad on amex site for the account but no sub 

[ScorpioRising]

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@sugarcreek67 wrote:

I never saw anything come across any of my AMEX cards either I just happened to see ad on amex site for the account but no sub 

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Every now and then, as you are well aware by now, Amex seems arbitrarily to send out targeted email offers. I also have a HYSA with Amex, perhaps that factored into their marketing profile. Who knows?

A good example is the email offer for 5% cash back in EVERY category on the Amazon Prime Biz card through 12/31/21. I would have set my other cards aside and used that card for every single bill and purchase up to the max amount 😂. But I didn't receive that offer even though I have that card. See what I mean?

[Anonymous]

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@ScorpioRising wrote:

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@Anonymous wrote:

I just got an offer for $300 bonus ( 5 debit card purchases in 60 days) -- anyone else?

---

I got the same offer through one of my Amex Biz cards. I read up on it because I didn't know what Kabbage was and then I opened an account mainly because of the $300 bonus. I'm waiting for the debit card to arrive in about 7 days. 

I may need some heavy funding down the road, so Kabbage seems like a viable option to keep open. Have you opened your account with them yet?

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I did. Easy application but funded it 3 days ago and funds not yet available. Card in the mail.

[ScorpioRising]

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@Anonymous wrote:

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@ScorpioRising wrote:

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@Anonymous wrote:

I just got an offer for $300 bonus ( 5 debit card purchases in 60 days) -- anyone else?

---

I got the same offer through one of my Amex Biz cards. I read up on it because I didn't know what Kabbage was and then I opened an account mainly because of the $300 bonus. I'm waiting for the debit card to arrive in about 7 days. 

I may need some heavy funding down the road, so Kabbage seems like a viable option to keep open. Have you opened your account with them yet?

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I did. Easy application but funded it 3 days ago and funds not yet available. Card in the mail.

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Excellent! I just love a sign-up bonus. I don't go looking for it but when it knocks on my door, depending on the terms, I say YES! 👍 😂 

[BronzeTrader]

The Kabbage is a rather strange offering.  AmEx already has its own saving account offering, also the BlueBird prepaid account via Incomm.  I believe AmEx sold Bluebird and Serve prepaid business to Incomm, but still retain the marketing agreement with Incomm.  

I've had business cards with AmEx for many years.  So I gave Kabbage a try.  But was declined.  It is a stranger feeling.  I do not need Kabbage.  No idea just why....

[Red1Blue]

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@BronzeTrader wrote:

I've had business cards with AmEx for many years.  So I gave Kabbage a try.  But was declined.  It is a stranger feeling.  I do not need Kabbage.  No idea just why....

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I did not understand. What is declined with Kabbage. Did you try to setup a business loan or Business checking account. What did they decline.

[sugarcreek67]

Thought I would add a couple of DP's    I made an external transfer from fifth third to kabbage. (pulling from 53  cannot push a transfer from 53 to anywhere except another 53 account)  took 7 days to clear. So today I gave the mobile deposit a go,after I followed the steps got a message saying *should* be available in 5 business days.