Besides their $25/$50 sign-up bonus, Lending Club is now offering a 5% cash bonus if you lend $5,000 or more by February 3, 2008. That is at least a $250 bonus, and it will be credited to your account by February 15th, 2008.
Here are the details from their website:
[Lending Club wants to thank our lending community by rewarding you with a 5% cash bonus if you lend $5,000 or more by February 3, 2008. This bonus can be used to lend or can be withdrawn to your linked checking account.
You will qualify for the bonus by lending $5,000 or more to borrowers (at https://secure.lendingclub.com/portfolio/makeloans.action) between December 14th, 2007 and February 3rd, 2008 (at 11:59PM Pacific time). Your bonus will be 5% of the amount you lend.
For example, if you lend $7,500 Lending Club will credit your Lending Club account with $7,500 * 5% or $375. Funds count as lent once a portfolio (or portfolios) is submitted during the aforementioned eligibility period. The loans do not have to be issued by February 3rd to qualify.
We will notify you of the amount of your bonus by the end of day, Friday, February 8th, 2008, and your account will be credited with your lending bonus by Friday, February 15th, 2008. No special sign-up or tracking is required – we will run reports on the system to determine bonuses. Feel free to email us at lender.offer@lendingclub.com to ask about your bonus.]
If you do not want to take the risk of lending $5,000, the $25/$50 sing-up bonus is still a good deal. See my personal report on the bonus below.
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