Originally Posted by
TheDudeAbides
To me, this all comes down to Bask Bank. If Bask Bank miles count, this is easy: park a few bucks there, fly 30 segments, get EP. If Bask miles don't count, then I'll likely just keep my focus on AS and on flying paid F/J on whichever airline goes nonstop between A and B.
Originally Posted by
eponymous_coward
Have you seen what rates for “high interest” savings accounts and CDs are lately? You’re doing pretty well to get .75% on a two year CD, which is just low comedy. If you value an AA mile at a penny a mile, getting 200,000 AA miles in a year vs. $1500 seems like a reasonable deal. And if you value it at more like 1.5 cpm…
Yes, there are ways to goose that yield if you’re willing to kiss goodbye to the FDIC guarantee, but I presume someone who wants $200,000 in a bank is paying for that FDIC guarantee and isn’t willing to take a chance that their 200k might be 190k on a bad week where they actually need that money.
Originally Posted by
DreAAmliner
this.
and I suppose you will receive status, at whatever you value it at, as tax-free “interest”.
Originally Posted by
Beckles
He's going to tell you about how BlockFi pays 8.25% interest on USD pegged stablecoins. So the higher interest comes from having your money is a USD-pegged stablecoin instead of actual USD and having it deposited in BlockFi instead of an FDIC-insured financial institution.
I suspect it won't be that easy. While $200k is a lot of money, I can totally see someone parking $200k with Bask; if they can get tremendous value out of EXP provided they still get the 30 segments in. I think AA will get more from someone spending $200k on a CC than $200k parked with Bask. Hopefully, there will be some clarification soon. I will admit, if I can at a minimum earn EXP-lite with Bask, I would seriously consider parking $200k with Bask.
Originally Posted by
jpsj
With these changes, does it mean all credit cards are equal--in that, every dollar spent is 1 legacy point?
Yes, except for one no-fee Barclays card where they earn 1LP/$2.