Originally Posted by
sun_aa
I disagree. It only makes sense if your valuation of AA miles is high and you don't want to manage multiple rewards checking accounts at multiple banks. Even now you can get 3% APY or more. The debit card usage requirements will get to you but its just a few minutes of work paying your utility bills in small increments.
Could you kindly post WHERE you can get 3% APY with account balance in the 100K to 200K amount?
I am sure tons of folks would love to know if this is actually true. If you go to the AA forum and read that BD thread, you would realize that many folks have kept OVER $200K there, even though amount above $200K earns only 1 mile per $20.
Seriously, 3% APY in an FDIC account with a balance at $200K at today's banking environment? Whom are you kidding?