Originally Posted by XFed2001
H.H.: Can you clarify your response for me. To what are you referring when you talk about the"*wood deal"? I'm fully aware of the 20,000 points converting into 25,000 miles but don't recognize what program is involved. Are you and gregorygrady still referring to Ameritrade? From what I can see, Ameritrade's site only deals with investing up to $50k for up to 25k miles with specific airlines. Am I missing something? Thanks
www.ameritrade.com/spg
It's the best deal out there as it requires only half the initial outlay ($25K instead of $50 for the top bonus). You get 20,000 SPG points for the $25,000 initial deposit (although it comes at two different times, the first batch right away and the second batch after 6 months).
As for the previous poster who opened (or was thinking of opening) 9 different accounts with $1000 in each, I would not reccommend that as there is a $15 quarterly account maintenance fee charged by Ameritrade if you don't either a) have a minimum of $2500 in your account, or b) make a certain number of trades each quarter, maybe 3 or 4 trades. So look into it before you go doing something like that. And opening 9 accounts seems like quite a PITA just to get 27K FF miles!!! Might not be worth the hassle.