Originally Posted by
JATR4
BankDirect is for those who have substantial extra cash. The most popular account is Mileage Checking With Interest. Some of the particulars are:
"...Earn 1000 miles for opening a Mileage Checking Account.
Earn 10,000 miles for signing up for payroll direct deposit into a Mileage Checking Account.
Earn 5,000 miles for using BankDirect's bill pay service for 12 months.
Earn 100 miles per month for every $1000.00 of the collected balance in your Mileage Checking Account up to the first $200,000. Earn an additional 25 miles per $1,000 in balances over $200,000, WITH NO CAP!"
In other words, to earn 20k per month, you need $200,000!
It is somewhat cumbersome to open an account and there is a $12 per month charge which was free until Jan of 2012.
Obviously, not for everyone.
Interesting. I just happen to have $200K coming free from Fidelity's 100K promo. Won't need the cash for ~10 months, and I want it liquid, so I smell 200K miles coming...