Originally Posted by
s4popo
Wouldn't the same transaction net you over 60k miles with BankDirect? What am I missing here?
What you are missing is that I transferred securities (municipal bonds in my case) not cash. BankDirect only gives miles for cash. By transferring municipal bonds, I continue to receive interest on them, so my miles come at absolutely no cost to me. My income stays the same and my miles go up by 50,000.