Bank Direct to limit / cap AA miles on checking
Mar 3, 2011, 8:36 pm
#136
Join Date: Jul 2009
Location: USA
Programs: AA EXP, UA GLD, Bonvoy Titan, HH Dia, WoH Exp
Posts: 2,673
I wonder if people who had 2 mileage checking accounts open before the new revision will be grandfathered into keeping both accounts rather than having to close one and replace it with a mileage money market account.
Last edited by Time traveller; Mar 3, 2011 at 8:42 pm
Mar 3, 2011, 11:38 pm
#137
Join Date: Aug 2003
Location: Chicago
Programs: AA UA Delta. HH Diamond, PC Platinum, Club Carlson Gold, Hyatt Diamond
Posts: 809
Should new people that have less than $200,000 wait until April 1 to open account to get the bigger bonus? No where did the letter said 5% miles.
Where did this 5% information come from? Thank you!
Where did this 5% information come from? Thank you!
Mar 3, 2011, 11:48 pm
#138
Join Date: Jun 2010
Location: LAX
Posts: 288
As always, calling the CSR to reconfirm since everyone may be in different situation.
Mar 4, 2011, 1:27 pm
#140
Join Date: Feb 2010
Programs: aa
Posts: 460
I believe the 5% information is just a speculation. Now BD has announced it will stay at 10%. As I confirmed with the CSR today, the new customer can open an account now and get the bigger bonus after April 1 (mainly the direct deposit for 10,000 miles instead of 5,000 miles). However if you are new customer and have already received your 5,000 miles through direct deposit, you may not get the other 5,000 compared to someone who starts direct deposit after April 1.
As always, calling the CSR to reconfirm since everyone may be in different situation.
As always, calling the CSR to reconfirm since everyone may be in different situation.
Mar 5, 2011, 2:39 pm
#141
Join Date: Feb 2010
Location: Disney World
Programs: Fairmont Lifetime Platinum, Hyatt Globalist, AA Lifetime Gold
Posts: 321
Have not gotten letter
I got my monthly statement for my bankdirect accounts today but I did not get the letter detailing the changes. Did those of you who got the letter get it with your statements?
Any chance that the accounts with over 200k are getting grandfathered at the full 10% rate on the whole balance? Perhaps this is just wishful thinking on my part.
Any chance that the accounts with over 200k are getting grandfathered at the full 10% rate on the whole balance? Perhaps this is just wishful thinking on my part.
Mar 5, 2011, 3:20 pm
#142
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Signatures.
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,999
Mar 5, 2011, 3:47 pm
#143
Join Date: May 2000
Location: Houston, TX, USA
Programs: UA Platinum, AA Lifetime Platinum, DL Platinum, Honors Diamond, Bonvoy Ambassador, Hertz Platinum
Posts: 7,978
Mar 6, 2011, 5:29 am
#144
Join Date: Sep 2010
Location: CLE
Programs: All
Posts: 1,975
I have the same letter as everyone above.
The way I can read it .... My letter does not state specifically that my existing accounts would be changed ... only .... "Your account may be affected by the new program structure." Then the letter goes on to detail just NEW Account offers. I am not setting up any new accounts.
Therefore:
It appears to me that the letter is defining "NEW ACCOUNTS" offers only. Not changes to existing accounts. Those with current accounts over $200k to the FDIC limit of $250k are not addressed in this letter.
Does this mean that mileage earnings remain grandfathered for the large account balance customers?
Mar 6, 2011, 5:48 am
#145
Join Date: Dec 2003
Location: NYC
Posts: 6,444
I wonder?
I have the same letter as everyone above.
The way I can read it .... My letter does not state specifically that my existing accounts would be changed ... only .... "Your account may be affected by the new program structure." Then the letter goes on to detail just NEW Account offers. I am not setting up any new accounts.
I have the same letter as everyone above.
The way I can read it .... My letter does not state specifically that my existing accounts would be changed ... only .... "Your account may be affected by the new program structure." Then the letter goes on to detail just NEW Account offers. I am not setting up any new accounts.
New account offers is just the first heading. The relevant change is to Monthly Earning Opportunities, which is a separate heading.
Therefore:
It appears to me that the letter is defining "NEW ACCOUNTS" offers only. Not changes to existing accounts. Those with current accounts over $200k to the FDIC limit of $250k are not addressed in this letter.
Does this mean that mileage earnings remain grandfathered for the large account balance customers?
It appears to me that the letter is defining "NEW ACCOUNTS" offers only. Not changes to existing accounts. Those with current accounts over $200k to the FDIC limit of $250k are not addressed in this letter.
Does this mean that mileage earnings remain grandfathered for the large account balance customers?
But call them if you disagree.
Mar 6, 2011, 7:15 pm
#146
Join Date: Sep 2003
Posts: 266
has anyone tried creating a second mileage checking account since they sent the letter? I just tried but after entering 3 pages of questions and pressing Submit, it said that customers are limited to "2 transaction mileage accounts". Since this is only my 2nd one, the error message seems wrong. I didn't try changing the account to Mileage MM, but I guess that would have gone thru?
Mar 6, 2011, 8:36 pm
#147
Join Date: Jun 2005
Location: DFW/DAL
Programs: AA 1MM Gold, Marriott Gold, Hilton Diamond, Hyatt Discoverist
Posts: 1,524
The changes are good for me. Many more bonus miles are great. At 29 I just got married so naturally I don't have much cash left right now, ha. I should be able to get 22,250 the first month with a minimum $2500 deposit to avoid the fee and setting up the other options that give bonuses. Having this account will give me even more of a reason to save up some $ too! 
$200k limit for 1/$10 won't apply to me for a long time haha.
$200k limit for 1/$10 won't apply to me for a long time haha.
Mar 7, 2011, 10:13 am
#148
Join Date: Mar 2011
Posts: 1
Can you open up either a second checking account in the form of trust account or business account with BD and still link that to your AA acccount # and therefore have 2 checking accounts at 200k "feeding" one AA account?
Mar 7, 2011, 11:03 am
#149
Join Date: Aug 2004
Posts: 514
25miles for $1000 after the 1st 200k
Just receive the letter. From what I understand, anything over 200k, you earm 25 miles for every $1000.
HTH
HTH
I got my monthly statement for my bankdirect accounts today but I did not get the letter detailing the changes. Did those of you who got the letter get it with your statements?
Any chance that the accounts with over 200k are getting grandfathered at the full 10% rate on the whole balance? Perhaps this is just wishful thinking on my part.
Any chance that the accounts with over 200k are getting grandfathered at the full 10% rate on the whole balance? Perhaps this is just wishful thinking on my part.
Mar 7, 2011, 11:16 am
#150
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,087
Considering the note on the hompage:
Where did we get the idea that we're all grandfathered in to two checking accounts? Did anyone get that from the source?
Attention AA Customers:
Limit 2 Mileage transaction accounts per household;
One Mileage Checking Account and one Mileage Money Market Account.
Limit 2 Mileage transaction accounts per household;
One Mileage Checking Account and one Mileage Money Market Account.