Apr 10, 2014, 9:32 pm
Last edit by: MasterCharge
Limits
As of November 20th, 2014, Loyal3 does not allows purchases of $10, $25 and $50 with a credit card.
No Cash Advance:
Bank of America Virgin Atlantic
Bank of America Alaska Air
Barclaycard Arrival
Capital One (All Cards)
Citi Platinum AAdvantage Visa
Chase Hyatt
Chase Freedom
Chase Marriott
Chase Sapphire Preferred
Chase United MileagePlus Explorer
Chase United Business
US Bank Flex Perks
Cash Advance:
*Data Needed
Placing Orders
- Make sure when you place an order, the funding source is selected as your CC and not the Checking account that it defaults too. Loyal3 won't cancel the buy order, and some have suggested the only way is to put a stop on the amount by contacting your bank.
Current Stocks Available for Trade
*A total of sixty-two (62) as of 10/14/2014
IPO's for Trade Now
*
As of November 20th, 2014, Loyal3 does not allows purchases of $10, $25 and $50 with a credit card.
Maximum purchase generally limited to $10,000 per IPO and $2,500 per month per non-IPO stock.
Bank of America Virgin Atlantic
Bank of America Alaska Air
Barclaycard Arrival
Capital One (All Cards)
Citi Platinum AAdvantage Visa
Chase Hyatt
Chase Freedom
Chase Marriott
Chase Sapphire Preferred
Chase United MileagePlus Explorer
Chase United Business
US Bank Flex Perks
Cash Advance:
*Data Needed
Placing Orders
- Make sure when you place an order, the funding source is selected as your CC and not the Checking account that it defaults too. Loyal3 won't cancel the buy order, and some have suggested the only way is to put a stop on the amount by contacting your bank.
Current Stocks Available for Trade
*A total of sixty-two (62) as of 10/14/2014
- NASDAQ: FOX
- NASDAQ: AMZN
- NASDAQ: AAPL
- NASDAQ: ATVI
- NASDAQ: BWLD
- NASDAQ: DISCA
- NASDAQ: DNKN
- NASDAQ: EA
- NASDAQ: EIGI
- NASDAQ: FB
- NASDAQ: FTR
- NASDAQ: GPRO
- NASDAQ: GOOGL
- NASDAQ: HAS
- NASDAQ: INTC
- NASDAQ: KRFT
- NASDAQ: MAT
- NASDAQ: MSFT
- NASDAQ: MDLZ
- NASDAQ: MNST
- NASDAQ: PLAY
- NASDAQ: SBUX
- NASDAQ: VIAB
- NASDAQ: YHOO
- NYSE: GLOB
- NYSE: AMC
- NYSE: ANF
- NYSE: ARO
- NYSE: AEO
- NYSE: BABA
- NYSE: BUD
- NYSE: BRK.B
- NYSE: BBY
- NYSE: BKW
- NYSE: KO
- NYSE: DIS
- NYSE: DPS
- NYSE: GPS
- NYSE: HSY
- NYSE: HUBS
- NYSE: KATE
- NYSE: K
- NYSE: KSS
- NYSE: LB
- NYSE: M
- NYSE: MCD
- NYSE: NKE
- NYSE: NOK
- NYSE: PVH
- NYSE: PEP
- NYSE: ZQK
- NYSE: RL
- NYSE: SC
- NYSE: TGT
- NYSE: TWX
- NYSE: TRUP
- NYSE: TWTR
- NYSE: UL
- NYSE: VFC
- NYSE: WMT
- NYSE: WWE
- NYSE: YUM
IPO's for Trade Now
*
loyal3 free stock trades with credit/debit card
Mar 19, 2014, 1:03 pm
#31
Join Date: Aug 2012
Location: SoCal
Programs: Hyatt, SPG, IHG
Posts: 100
Mar 19, 2014, 1:10 pm
#32
Join Date: May 2013
Location: AZ
Programs: AA, UA, US
Posts: 525
Mar 19, 2014, 1:15 pm
#33
Join Date: Feb 2014
Posts: 511
I made ~900 trades last year. Brokers are required by law to track all the information (capital gains, acquision/sale dates, etc.). I didn't have to do anything. End of the year I get a nice long report detailing every transaction along with my total short term and long term gains/losses.
Mar 19, 2014, 1:51 pm
#34
Join Date: May 2013
Location: AZ
Programs: AA, UA, US
Posts: 525
Mar 19, 2014, 4:14 pm
#35
Join Date: Mar 2013
Location: PHL based
Programs: USAir, UA, AA, BA, Hyatt, HHonors, SPG, Marriott, IHG
Posts: 356
Interesting timing, the CEO of L3 was on cnbc as I walked in from work this evening.... nothing new to add, just caught last 30 seconds of interview
Mar 19, 2014, 4:43 pm
#36
Join Date: Aug 2012
Location: SoCal
Programs: Hyatt, SPG, IHG
Posts: 100
The interview is already on L3 youtube site already lol, only 3 minutes long that basically give no real information.
Mar 19, 2014, 6:28 pm
#38
Join Date: Nov 2013
Posts: 30
If one planned on buying these stocks anyways and holding for the long term. It's fine. If folks think they're going to MS they're going to get shell shocked. There is something called the bid/ask spread that can eat you alive when trying to turn and burn stocks; especially if you don't get to set the limit. What's worse is that Loyal3 is probably trying to make money off the spread. Assuming the price stays the same, you'll still lose money.
The market fluctuates a lot on a daily basis. A lot of investors have no self-control and will try to time the market. Again, you'll lose.
As for me, I'm sticking with Vanguard and TD Ameritrade.
99% of the population should stick to index funds and bonds. Nobody ever plans on getting addicted to heroine, but it happens to almost every user. Don't think you're special and can beat the system.
The market fluctuates a lot on a daily basis. A lot of investors have no self-control and will try to time the market. Again, you'll lose.
As for me, I'm sticking with Vanguard and TD Ameritrade.
99% of the population should stick to index funds and bonds. Nobody ever plans on getting addicted to heroine, but it happens to almost every user. Don't think you're special and can beat the system.
Mar 19, 2014, 6:48 pm
#39
Join Date: Feb 2014
Location: San Juan, Puerto Rico
Posts: 19
Unfortunately, you are wrong on all accounts.
Mar 19, 2014, 6:53 pm
#40
Join Date: Feb 2014
Posts: 511
If one planned on buying these stocks anyways and holding for the long term. It's fine. If folks think they're going to MS they're going to get shell shocked. There is something called the bid/ask spread that can eat you alive when trying to turn and burn stocks; especially if you don't get to set the limit. What's worse is that Loyal3 is probably trying to make money off the spread. Assuming the price stays the same, you'll still lose money.
Mar 19, 2014, 7:40 pm
#42
Join Date: May 2010
Posts: 189
folks think they're going to MS they're going to get shell shocked. There is something called the bid/ask spread that can eat you alive when trying to turn and burn stocks;
I gained $45 on Berkshire Hathaway, lost $4 on Coke, and lost $150 on Walmart.
I don't consider that a $100 loss because I hit two high-value signup bonuses that I never would have hit with regular spending.
Oh, and if you used Fidelity Visa + Great Bridge Group, you'd have to lose 2.5% just to break even the value of the cashback....
However, those who are putting in extremely high volumes are getting nerfed, according to the MMM thread.
Better just to use to hit signup bonuses in the comfort of your home, than to try to move high five-figures per month....
Mar 19, 2014, 8:02 pm
#43
Join Date: Mar 2013
Location: PHL based
Programs: USAir, UA, AA, BA, Hyatt, HHonors, SPG, Marriott, IHG
Posts: 356
Speak for yourself.
I gained $45 on Berkshire Hathaway, lost $4 on Coke, and lost $150 on Walmart.
I don't consider that a $100 loss because I hit two high-value signup bonuses that I never would have hit with regular spending.
Oh, and if you used Fidelity Visa + Great Bridge Group, you'd have to lose 2.5% just to break even the value of the cashback....
However, those who are putting in extremely high volumes are getting nerfed, according to the MMM thread.
Better just to use to hit signup bonuses in the comfort of your home, than to try to move high five-figures per month....
I gained $45 on Berkshire Hathaway, lost $4 on Coke, and lost $150 on Walmart.
I don't consider that a $100 loss because I hit two high-value signup bonuses that I never would have hit with regular spending.
Oh, and if you used Fidelity Visa + Great Bridge Group, you'd have to lose 2.5% just to break even the value of the cashback....
However, those who are putting in extremely high volumes are getting nerfed, according to the MMM thread.
Better just to use to hit signup bonuses in the comfort of your home, than to try to move high five-figures per month....
Mar 19, 2014, 8:10 pm
#44
Join Date: Aug 2011
Location: Honolulu, Hawaii
Programs: IHG Plat, Hilton Silver, SPG Preferred Plus
Posts: 89
Just curious, about how much did you put in total and over what general timeframe?
Mar 19, 2014, 8:29 pm
#45
Join Date: Jan 2012
Posts: 220
I've had a loyal3 account for about a year now. Haven't made any sell trades (just purchases of stocks I would buy anyways) but they sent over a detailed tax statement at the end of the year which seemed like it track your correct tax basis.
They recently made an annoying change around dividends. Now they use your dividends to make the monthly purchase before charging your credit card. You used to be able to let your dividends grow in your cash account.
They recently made an annoying change around dividends. Now they use your dividends to make the monthly purchase before charging your credit card. You used to be able to let your dividends grow in your cash account.