Nov 19, 2013, 6:07 pm
Last edit by: TravelinSperry
All offers are expired/dead as of March 31, 2017
AA: https://scs.fidelity.com/other/offer...shtml?MSC=AA01
United: https://scs.fidelity.com/other/offer...shtml?MSC=UA01
Delta: https://scs.fidelity.com/other/offer...on_delta.shtml
Update as of May 21, 2014 - in recent weeks some people have reported being told that they are no longer eligible for this offer, in spite of meeting the previous terms and conditions. Some Fidelity representatives are saying that these offers are targeted. Note the bold words in the the terms and conditions below - "Other terms and conditions may apply."
The funds or securities must stay in the account for 9 months
The offer may be repeated every 365 days if the terms were met (rolling 12 months)
The funds may not already be in a Fidelity account, but must be sourced from elsewhere
If you are moving funds or securities out of Fidelity, with intent to move it back to claim this bonus, members have recommended to keep the funds/securities out for at least 3 months to avoid risk of losing eligibility for the deposit. Some have been told unofficially by advisers 30 days. YMMV.
Members who have pulled funds/deposits out within 9 months have reported they were allowed to keep the miles, but were banned for life from being able to repeat the offer.
Added September 26, 2016:
Any withdrawals from the account during the qualification period will count against the total deposited. This includes dividends upon you may dependent to live. So be sure to transfer assets whose value covers the minimum you need plus any you might withdraw during those 60 days.
It is strongly suggested you register for the offer you want by calling Fidelity's Promotion Department at (800)544-5315, as the online registration has been flaky in the past. Also, if you have high net worth, a "High Net Worth supervisor" may be able to help - simply call the Premium Services number on your account statement to find someone who has the power to do most anything. Get the name and phone number of the person you spoke with and ask him or her to note in your account that you have been approved, and by whom. Then, if after you transfer assets you get an email saying you are not eligible for the offer for which you registered (yes, this has happened), call the rep again, asking to read the notes on your account. You will probably be told that the email was automated and was sent in error and that they will hand babysit the funding and resultant miles.
If the registration page tells you are not eligible because you have had the offer before, call one of the above numbers. You are eligible after on year. That year probably starts counting when the miles are awarded, not when you register or when you add assets.
Trusts require extra caution on their part. Sometimes they require that you give them a lot of paperwork for trusts. If you have a local Fidelity office, just bring in everything required and they will copy and mail it for you. Easy. Otherwise, just mail it in. If upon trying to register online you are informed that your Revocable Living Trust account is not eligible, well, just call one of the above numbers, because it is eligible. They just have to verify a few things and then override the system. They want to know that you are the only trustee and the only beneficiary.
From the Terms and Conditions page:
Promotional Offer Rules:
This promotional offer is only available to new or existing Fidelity brokerage account customers opening or depositing net new assets into a joint or individual nonretirement Fidelity Account®. Net new assets are defined as an individual’s external new money in minus money out, including distributions and transfers.
This offer expires September 30, 2014, and is not transferable or valid in conjunction with any other Fidelity promotional offer. Fidelity Investments reserves the right to modify, change, or alter the terms and conditions of the promotional offer in its sole discretion at any time. Fidelity Investments may terminate this promotional offer at any time. Other terms and conditions may apply.
Promotional offers are limited to one per individual per rolling 12 months.
The promotion is not available for business accounts; trust accounts; mutual fund only accounts; retirement accounts, including, among others, Fidelity IRA, Roth IRA, SEP, and SIMPLE accounts; 401(k) and 403(b) workplace retirement plans; fiduciary accounts (including custodial accounts, estate accounts); 529 college savings plan accounts (i.e. college investment trust accounts); Fidelity accounts managed by Strategic Advisers, Inc. (for example, Portfolio Advisory Services); Institutional Wealth Services (IWS) clients; clients of registered investment advisors working with Fidelity Investments; annuities; and Stock Plan Services accounts. Offer is not valid for non-U.S. residents; persons affiliated with FINRA, a securities exchange or its members; employees of Fidelity, its affiliates, and members of their immediate families and households; or the media.
Certain states and local jurisdictions have laws that limit or restrict public employees from accepting items of value from vendors such as Fidelity that provide services to public institutions. Some public entities such as governments, state universities, health care organizations, etc., also have internal policies that may contain similar restrictions. If you are a public official or employee, you should determine if one of these laws or internal policies applies to you. By accepting this incentive, we assume that you are in compliance with your jurisdiction's laws and institution's internal policies.
Transferred assets will be valued, for the purposes of determining eligibility for this promotional offer, at the close of business Eastern time on the business day or next business day, if on a weekend day or holiday, following receipt by Fidelity Investments of the assets into the account that is eligible for the promotional offer. Funding must come from an external, non-Fidelity source via any standard monetary transfer method (a standard Transfer of Assets form, check, electronic funds transfer, ADM deposit, etc.). Please allow eight weeks from the funding of the eligible account, with the qualifying dollar amount of assets, for American Airlines AAdvantage® miles to be posted to your AAdvantage® account. Your Fidelity Account® must remain open with the qualifying funding for six months from the date that the qualifying assets are first received in the eligible account.
New accounts must be opened within 30 days of registering for the offer. Additional deposits to the eligible Fidelity account may earn you a higher mileage award provided the result is that the cumulative assets meet or exceed the next eligibility tier (up to a maximum of 50,000 AAdvantage® miles). For new accounts, initial and subsequent deposits must be made within 60 days of Fidelity account opening. For new money deposited into existing accounts, all deposits must be made within 60 days of registering for the offer.
AA: https://scs.fidelity.com/other/offer...shtml?MSC=AA01
United: https://scs.fidelity.com/other/offer...shtml?MSC=UA01
Delta: https://scs.fidelity.com/other/offer...on_delta.shtml
Update as of May 21, 2014 - in recent weeks some people have reported being told that they are no longer eligible for this offer, in spite of meeting the previous terms and conditions. Some Fidelity representatives are saying that these offers are targeted. Note the bold words in the the terms and conditions below - "Other terms and conditions may apply."
The funds or securities must stay in the account for 9 months
The offer may be repeated every 365 days if the terms were met (rolling 12 months)
The funds may not already be in a Fidelity account, but must be sourced from elsewhere
If you are moving funds or securities out of Fidelity, with intent to move it back to claim this bonus, members have recommended to keep the funds/securities out for at least 3 months to avoid risk of losing eligibility for the deposit. Some have been told unofficially by advisers 30 days. YMMV.
Members who have pulled funds/deposits out within 9 months have reported they were allowed to keep the miles, but were banned for life from being able to repeat the offer.
Added September 26, 2016:
Any withdrawals from the account during the qualification period will count against the total deposited. This includes dividends upon you may dependent to live. So be sure to transfer assets whose value covers the minimum you need plus any you might withdraw during those 60 days.
It is strongly suggested you register for the offer you want by calling Fidelity's Promotion Department at (800)544-5315, as the online registration has been flaky in the past. Also, if you have high net worth, a "High Net Worth supervisor" may be able to help - simply call the Premium Services number on your account statement to find someone who has the power to do most anything. Get the name and phone number of the person you spoke with and ask him or her to note in your account that you have been approved, and by whom. Then, if after you transfer assets you get an email saying you are not eligible for the offer for which you registered (yes, this has happened), call the rep again, asking to read the notes on your account. You will probably be told that the email was automated and was sent in error and that they will hand babysit the funding and resultant miles.
If the registration page tells you are not eligible because you have had the offer before, call one of the above numbers. You are eligible after on year. That year probably starts counting when the miles are awarded, not when you register or when you add assets.
Trusts require extra caution on their part. Sometimes they require that you give them a lot of paperwork for trusts. If you have a local Fidelity office, just bring in everything required and they will copy and mail it for you. Easy. Otherwise, just mail it in. If upon trying to register online you are informed that your Revocable Living Trust account is not eligible, well, just call one of the above numbers, because it is eligible. They just have to verify a few things and then override the system. They want to know that you are the only trustee and the only beneficiary.
From the Terms and Conditions page:
Promotional Offer Rules:
This promotional offer is only available to new or existing Fidelity brokerage account customers opening or depositing net new assets into a joint or individual nonretirement Fidelity Account®. Net new assets are defined as an individual’s external new money in minus money out, including distributions and transfers.
This offer expires September 30, 2014, and is not transferable or valid in conjunction with any other Fidelity promotional offer. Fidelity Investments reserves the right to modify, change, or alter the terms and conditions of the promotional offer in its sole discretion at any time. Fidelity Investments may terminate this promotional offer at any time. Other terms and conditions may apply.
Promotional offers are limited to one per individual per rolling 12 months.
The promotion is not available for business accounts; trust accounts; mutual fund only accounts; retirement accounts, including, among others, Fidelity IRA, Roth IRA, SEP, and SIMPLE accounts; 401(k) and 403(b) workplace retirement plans; fiduciary accounts (including custodial accounts, estate accounts); 529 college savings plan accounts (i.e. college investment trust accounts); Fidelity accounts managed by Strategic Advisers, Inc. (for example, Portfolio Advisory Services); Institutional Wealth Services (IWS) clients; clients of registered investment advisors working with Fidelity Investments; annuities; and Stock Plan Services accounts. Offer is not valid for non-U.S. residents; persons affiliated with FINRA, a securities exchange or its members; employees of Fidelity, its affiliates, and members of their immediate families and households; or the media.
Certain states and local jurisdictions have laws that limit or restrict public employees from accepting items of value from vendors such as Fidelity that provide services to public institutions. Some public entities such as governments, state universities, health care organizations, etc., also have internal policies that may contain similar restrictions. If you are a public official or employee, you should determine if one of these laws or internal policies applies to you. By accepting this incentive, we assume that you are in compliance with your jurisdiction's laws and institution's internal policies.
Transferred assets will be valued, for the purposes of determining eligibility for this promotional offer, at the close of business Eastern time on the business day or next business day, if on a weekend day or holiday, following receipt by Fidelity Investments of the assets into the account that is eligible for the promotional offer. Funding must come from an external, non-Fidelity source via any standard monetary transfer method (a standard Transfer of Assets form, check, electronic funds transfer, ADM deposit, etc.). Please allow eight weeks from the funding of the eligible account, with the qualifying dollar amount of assets, for American Airlines AAdvantage® miles to be posted to your AAdvantage® account. Your Fidelity Account® must remain open with the qualifying funding for six months from the date that the qualifying assets are first received in the eligible account.
New accounts must be opened within 30 days of registering for the offer. Additional deposits to the eligible Fidelity account may earn you a higher mileage award provided the result is that the cumulative assets meet or exceed the next eligibility tier (up to a maximum of 50,000 AAdvantage® miles). For new accounts, initial and subsequent deposits must be made within 60 days of Fidelity account opening. For new money deposited into existing accounts, all deposits must be made within 60 days of registering for the offer.
Fidelity Bonus offers for airline miles & hotel points [EXPIRED March 31, 2017]
Jul 27, 2012, 2:48 pm
#496
Join Date: May 2004
Programs: AA lifetime platinum, Jet Blue Mosaic
Posts: 438
if i pick up 100k of assets and transfer them to fidelity, then leave them for 6.01 months, then move the assets, do i get 50K UA miles or not.
is there a better single mileage deal out there?
i do not plan to play apple, or anything else. i have a few 100K-30 year bonds. they are priced at 101, so that gives them a portfolio value of 101K. will that qualify?
i am certain the answer is somewhere in the 30 pages of posts of people trying to double dip and triple dip. i would just like to move the bonds from etrade to fidelity, and get 100k(his and hers).
is there a better single mileage deal out there?
i do not plan to play apple, or anything else. i have a few 100K-30 year bonds. they are priced at 101, so that gives them a portfolio value of 101K. will that qualify?
i am certain the answer is somewhere in the 30 pages of posts of people trying to double dip and triple dip. i would just like to move the bonds from etrade to fidelity, and get 100k(his and hers).
Jul 27, 2012, 3:51 pm
#497
Join Date: May 2001
Location: Southern California
Posts: 391
Now if the interest rates start rising (not a chance in this economy) then the game changes.
Keeping $100,000 under the mattress (tempting cuz of scandals on wall street and banks!) doesn't give me 50,000 points for a one way business class ticket to Europe!
Jul 27, 2012, 4:44 pm
#498
FlyerTalk Evangelist
Join Date: Dec 2000
Location: south of WAS DC
Posts: 10,131
i do not understand why everyone keeps commenting on the lousy interest rate fidelity pays. the way i read that offer, it is not limited to a cash deposit only. will not fidelity give you the miles if you deposit assets?
assets and cash are two different things.
for example, some european stocks and preferred stocks pay 6-15% interest. 30 year AA coprorate bonds pay 6%. i would think these would qualify as assets. risk is not the issue here, the question is why does everything think this is a cash only deposit. even if one deposits cash, can one not invest it as one sees?
100k miles buys a saver rt tatl. i think that worth at least 4-5000. anyone know how to acquire one for less?
assets and cash are two different things.
for example, some european stocks and preferred stocks pay 6-15% interest. 30 year AA coprorate bonds pay 6%. i would think these would qualify as assets. risk is not the issue here, the question is why does everything think this is a cash only deposit. even if one deposits cash, can one not invest it as one sees?
100k miles buys a saver rt tatl. i think that worth at least 4-5000. anyone know how to acquire one for less?
Jul 27, 2012, 6:30 pm
#499
Join Date: Oct 2007
Programs: Marriott, Radisson, AA, UA
Posts: 360
Bonds and stocks funds will qualify. If you are transferring around $100K, just be aware of the closing price on the date of transfer went thru (which will be used to determine your assets value).
Jul 28, 2012, 7:12 pm
#500
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,750
i do not understand why everyone keeps commenting on the lousy interest rate fidelity pays. the way i read that offer, it is not limited to a cash deposit only. will not fidelity give you the miles if you deposit assets?
assets and cash are two different things.
for example, some european stocks and preferred stocks pay 6-15% interest. 30 year AA coprorate bonds pay 6%. i would think these would qualify as assets. risk is not the issue here, the question is why does everything think this is a cash only deposit. even if one deposits cash, can one not invest it as one sees?
100k miles buys a saver rt tatl. i think that worth at least 4-5000. anyone know how to acquire one for less?
assets and cash are two different things.
for example, some european stocks and preferred stocks pay 6-15% interest. 30 year AA coprorate bonds pay 6%. i would think these would qualify as assets. risk is not the issue here, the question is why does everything think this is a cash only deposit. even if one deposits cash, can one not invest it as one sees?
100k miles buys a saver rt tatl. i think that worth at least 4-5000. anyone know how to acquire one for less?
However, all asset classes carry various risks. Even Treasuries carry risk unless you hold it till maturity, otherwise its market value fluctuates - what if you need to cash your Treasury when the market condition is not favorable?
You cannot take away the risk issue.
The reason why people are talking about interest is because cash is the only asset class that is being under FDIC so it can compare the miles earning with the interest earning without factoring any risk / return factor.
Jul 29, 2012, 1:20 pm
#501
FlyerTalk Evangelist
Join Date: Dec 2000
Location: south of WAS DC
Posts: 10,131
Assets certainly qualify. There is NO requirement about the transfer in "new money" must be cash.
However, all asset classes carry various risks. Even Treasuries carry risk unless you hold it till maturity, otherwise its market value fluctuates - what if you need to cash your Treasury when the market condition is not favorable?
You cannot take away the risk issue.
The reason why people are talking about interest is because cash is the only asset class that is being under FDIC so it can compare the miles earning with the interest earning without factoring any risk / return factor.
However, all asset classes carry various risks. Even Treasuries carry risk unless you hold it till maturity, otherwise its market value fluctuates - what if you need to cash your Treasury when the market condition is not favorable?
You cannot take away the risk issue.
The reason why people are talking about interest is because cash is the only asset class that is being under FDIC so it can compare the miles earning with the interest earning without factoring any risk / return factor.
Jul 29, 2012, 6:17 pm
#502
Join Date: Aug 2008
Posts: 385
Advice for long term Fido customer
I have been a Fido customer for many many years (not through employer) with both retirement and non-retirement accounts, but I've never done any of these mileage deals. Guess I figured they'd always be around (not). Anyhow, I'm thinking of pulling the trigger. I would like to pull the money out of Fidelity, then put it back in to get the bonus. Any advice on how to finesse this? Can I get more than one deal? Thank you.
Jul 29, 2012, 6:59 pm
#503
Join Date: Dec 2006
Posts: 242
I have been a Fido customer for many many years (not through employer) with both retirement and non-retirement accounts, but I've never done any of these mileage deals. Guess I figured they'd always be around (not). Anyhow, I'm thinking of pulling the trigger. I would like to pull the money out of Fidelity, then put it back in to get the bonus. Any advice on how to finesse this? Can I get more than one deal? Thank you.
Jul 29, 2012, 8:07 pm
#504
Join Date: Dec 2006
Posts: 242
Are there any other financial institutions that have good bonuses for around $100K of assets transfer? I saw that TDAmeritrade offers $300 cash for $100K and $600 cash for $250K, but I would rather have a good solid airline/hotel promo that could be used for more.
Thanks in advance.
Thanks in advance.
Jul 29, 2012, 10:41 pm
#505
Join Date: May 2011
Location: ORD
Posts: 208
in these difficult times, a lot of currencies have and will depreciate. the fdic is a usa origination. i doubt if cash in fidelity(a brokerage) is fdic insured. i am not certain what " miles earning with the interest earning " means. mileage value has depreciated considerably even when compared to the us dollar.
Jul 30, 2012, 12:42 am
#506
Join Date: Aug 2004
Location: Kamuela, Hawaii
Programs: Marriott Titanium, Hilton Diamond, AA Plat, UA Silver, AS MVP, HA premier
Posts: 509
Customers of US brokerage firms are insured by the SIPC, not FDIC. SIPC insures brokerage accounts up to 500k, but not more than 250k of cash "awaiting investment". SIPC, like FDIC is a government sponsored entity which enjoys the "implied" backing of the US government.
Jul 30, 2012, 9:27 am
#507
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,750
in these difficult times, a lot of currencies have and will depreciate. the fdic is a usa origination. i doubt if cash in fidelity(a brokerage) is fdic insured. i am not certain what " miles earning with the interest earning " means. mileage value has depreciated considerably even when compared to the us dollar.
In the sense of "no risk" - only cash has no market fluctuation risk, as well as no decision-making required. That is why people compare it to the cash interest earning. If you dont convert your USD to foreign currencies, you dont feel the depreciation of USD, though you may feel it in a different form - inflation in imported goods, higher fuel prices, to name a few.
Most people "value" miles at 0.015 and above per mile. Sometimes it can go up considerably higher in certain situations (and I am not even talking about the "feel good" valuation of a first class long haul to Hong Kong type of redemption.)
Using this "value" and comparing to what you get as an interest earning with a CD or whatever, the mileage earning is much greater than the cash interest earning, even not taking in tax effect in account.
Over the past few years, believe or not, mileage actually goes UP in value because airfares are much higher due to years of capacity cutting.
Jul 30, 2012, 8:13 pm
#509
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,750
C1 also has a checking account guaranteed 1.00% capped at $100K if you can open it at its brick and mortar branches.
Jul 30, 2012, 11:04 pm
#510
Join Date: Aug 2004
Location: Kamuela, Hawaii
Programs: Marriott Titanium, Hilton Diamond, AA Plat, UA Silver, AS MVP, HA premier
Posts: 509
If you already own stocks, bonds, or mutual funds you can transfer them into Fidelity and get the miles. There's absolutely no change in risk. Are there really that many FT'ers who have 100k in cash but own absolutely no stocks, bonds, mutual funds, etc?