Originally Posted by
Campath
Penny wise and pound foolish. Tying up $100000 in funds in a Merrill Lynch account compared to keeping it in a Vanguard low expense index fund/ETF will cost you dearly to earn that extra 0.65%. Better to stick to the FIA Amex or Barclay Arrival instead. How much spend (MS or real) do you plan to do on this card anyways?
Well that assumes you can't have Vanguard low expense index funds in your Merrill Lynch (ML) account. Not sure if it is still possible to purchase vanguard funds if you didn't previously hold them, but I know those who purchased Vanguard funds previously are still able to keep and add money via automatic investments to their Vanguard mutual funds in a ML brokerage account.