Bank Direct to limit / cap AA miles on checking
Apr 4, 2011, 3:09 pm
#211
formerly known as daveland
Join Date: Oct 2003
Location: NY, NY, USA
Programs: Hyatt Globalist, Marriott LTP, Delta Platinum, Hilton Honors Diamond, Wyndham Diamond
Posts: 2,969
Where can you find this on the BD website? I cannot find anything anywhere about my AA account or posted miles. In fact if it didn't say Mileage Checking Account next to it, I'd have no idea it earned miles. I hate their site....
Apr 4, 2011, 3:17 pm
#212
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,107
Login.
Go to "Click Here to Manage Your Account."
That'll open a new window.
Then click "Review Earned Miles."
Go to "Click Here to Manage Your Account."
That'll open a new window.
Then click "Review Earned Miles."
Apr 4, 2011, 3:19 pm
#213
Join Date: Dec 2005
Location: You have to ask?
Programs: AA EXP 2MM
Posts: 1,102
Login. Manage Your Account. Review Earned Miles.
Apr 4, 2011, 3:27 pm
#214
Join Date: Apr 2007
Location: Orlando, FL
Programs: AA 11MM/EXP/Aairpass, SPG Plat
Posts: 343
That's really cool. I didn't realize that BD tracked how many miles you've earned program to date. I can see that about 55% of all AA miles that I've earned have come from BD. I also didn't know about the third business day of the month. That would explain why they always show up by the 5th of the month...
Apr 4, 2011, 6:53 pm
#215
formerly known as daveland
Join Date: Oct 2003
Location: NY, NY, USA
Programs: Hyatt Globalist, Marriott LTP, Delta Platinum, Hilton Honors Diamond, Wyndham Diamond
Posts: 2,969
Guess I'll have to call them tomorrow and see if perhaps the account wasn't created properly....
Apr 4, 2011, 6:59 pm
#216
Join Date: Nov 2009
Location: NYC
Programs: AA Plat, DL Silver, MR Plat, SPG Plat, CP Diamond, PC Gold, HH Silver
Posts: 476
It's totally bizarre, but I don't have a "Click here to manage your account" link (or remotely similar). I have Accounts, Account Options, and Log off. Inside the account I have Balances, Transactions, and Transfers. I have clicked into every section and every menu and it's not there.
Guess I'll have to call them tomorrow and see if perhaps the account wasn't created properly....
Guess I'll have to call them tomorrow and see if perhaps the account wasn't created properly....
You are right, there is a problem with the initial setup. Same thing happened to me.
Your "Online Account Access" has not been setup for you. Yes, sounds strange since you are obviously able to log into your account online, but when I called, this is exactly what they called it. Rep fixed it in less than 30 seconds.
Good Luck!
Apr 4, 2011, 8:45 pm
#217
Join Date: Oct 2001
Location: Chicago
Programs: UA 1P (1MM), AA PLT (2MM)
Posts: 709
fwiw--bank direct has been added back to the AA Advantage page for financial services partners --it had been gone for a while:
http://www.aa.com/i18n/AAdvantage/ea...ncial/main.jsp
http://www.aa.com/i18n/AAdvantage/ea...ncial/main.jsp
Apr 5, 2011, 9:24 am
#218
Join Date: Feb 2011
Location: NYC suburbs
Programs: UA LT Gold (BIS), AA LT Plat (CC SUBs & BD), Hilton Dia (CC), Hyatt Glob (BIB), et. al.
Posts: 3,358
Originally Posted by MLM JET
Usually mileage posts on the 2nd day of the month, so far it did not post for me.
Usually mileage posts on the 2nd day of the month, so far it did not post for me.
Originally Posted by josephstern
Usually, I get them on the morning of the third business day of the month. That should be tomorrow morning.
Usually, I get them on the morning of the third business day of the month. That should be tomorrow morning.
BREAK
From the letter dated February 28, 2011 many of us received: Your account may be affected by the new program structure. (My bold and underline)
Not sure if Im revealing something that is best kept secret but for my AA miles credit yesterday BD did NOT apply the new mileage earning calculations to my 2 pre-Feb 28 checking accounts. I have a little over $200,000 in one and a little over $400,000 in the 2 accounts combined. My AA account was credited with miles equivalent to the full 10% of my total average account balances (not 10% of 400,000 plus 2.5% of the amount over 400,000). Anyone else luck out?
(If those with more experience than I think this information is best kept UTR (under the radar) please let me know and Ill edit/delete.)
Apr 5, 2011, 9:38 am
#219
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,107
1st or 2nd of the month for me, except when the 1st or 2nd is a weekend or holiday (as with this month) and then it takes a day or 2 longer.
BREAK
From the letter dated February 28, 2011 many of us received: Your account may be affected by the new program structure. (My bold and underline)
Not sure if Im revealing something that is best kept secret but for my AA miles credit yesterday BD did NOT apply the new mileage earning calculations to my 2 pre-Feb 28 checking accounts. I have a little over $200,000 in one and a little over $400,000 in the 2 accounts combined. My AA account was credited with miles equivalent to the full 10% of my total average account balances (not 10% of 400,000 plus 2.5% of the amount over 400,000). Anyone else luck out?
(If those with more experience than I think this information is best kept UTR (under the radar) please let me know and Ill edit/delete.)
BREAK
From the letter dated February 28, 2011 many of us received: Your account may be affected by the new program structure. (My bold and underline)
Not sure if Im revealing something that is best kept secret but for my AA miles credit yesterday BD did NOT apply the new mileage earning calculations to my 2 pre-Feb 28 checking accounts. I have a little over $200,000 in one and a little over $400,000 in the 2 accounts combined. My AA account was credited with miles equivalent to the full 10% of my total average account balances (not 10% of 400,000 plus 2.5% of the amount over 400,000). Anyone else luck out?
(If those with more experience than I think this information is best kept UTR (under the radar) please let me know and Ill edit/delete.)
The question is, going forward, will that still work? Or is the limit per AA number?
Apr 5, 2011, 9:44 am
#220
Join Date: Feb 2011
Location: NYC suburbs
Programs: UA LT Gold (BIS), AA LT Plat (CC SUBs & BD), Hilton Dia (CC), Hyatt Glob (BIB), et. al.
Posts: 3,358
Apr 11, 2011, 9:19 pm
#221
Join Date: Apr 2000
Location: Los Angeles
Programs: AA Lifetime Gold / Million miler
Posts: 297
The flip-side: what we lose while "earning" miles at Bank Direct:
Apr 11, 2011, 9:29 pm
#222
Join Date: Nov 2009
Location: NYC
Programs: AA Plat, DL Silver, MR Plat, SPG Plat, CP Diamond, PC Gold, HH Silver
Posts: 476
The flip-side: what we lose while "earning" miles at Bank Direct:
http://www.nytimes.com/roomfordebate...ment-trade-off
http://www.nytimes.com/roomfordebate...ment-trade-off
Sorry, but I don't see the point you are trying to make here. Using BankDirect to earn tax-free miles is a solution to the low interest problem, not the "cause" as you somewhat suggest.
Apr 11, 2011, 10:02 pm
#223
Join Date: Apr 2000
Location: Los Angeles
Programs: AA Lifetime Gold / Million miler
Posts: 297
Yes, it's tax-free, and the miles have a real, tangible value, but when you factor in the 1/20 of 1% interest that we earn, and (as the article suggests) inflation....the miles do indeed come at a high "cost."
(And I'm not saying there's anything "wrong" with the use-Bank-Direct-to-get-a-lot-of-miles strategy. I have quite a large balance with them!)
(And I'm not saying there's anything "wrong" with the use-Bank-Direct-to-get-a-lot-of-miles strategy. I have quite a large balance with them!)
Apr 11, 2011, 10:13 pm
#224
Join Date: Nov 2009
Location: NYC
Programs: AA Plat, DL Silver, MR Plat, SPG Plat, CP Diamond, PC Gold, HH Silver
Posts: 476
Yes, it's tax-free, and the miles have a real, tangible value, but when you factor in the 1/20 of 1% interest that we earn, and (as the article suggests) inflation....the miles do indeed come at a high "cost."
(And I'm not saying there's anything "wrong" with the use-Bank-Direct-to-get-a-lot-of-miles strategy. I have quite a large balance with them!)
(And I'm not saying there's anything "wrong" with the use-Bank-Direct-to-get-a-lot-of-miles strategy. I have quite a large balance with them!)
Right, but having your money in BD only serves to soften that blow.
I'm sure if every other bank was offering 10% interest on a simply checking account, many people would move their money out of BD for one with that much higher interest rate.
Apr 12, 2011, 6:08 am
#225
FlyerTalk Evangelist
Join Date: Dec 2003
Location: STL
Programs: AA 2MM, AS MVP Gold, Hilton Diamond
Posts: 12,966
Yes, it's tax-free, and the miles have a real, tangible value, but when you factor in the 1/20 of 1% interest that we earn, and (as the article suggests) inflation....the miles do indeed come at a high "cost."
(And I'm not saying there's anything "wrong" with the use-Bank-Direct-to-get-a-lot-of-miles strategy. I have quite a large balance with them!)
(And I'm not saying there's anything "wrong" with the use-Bank-Direct-to-get-a-lot-of-miles strategy. I have quite a large balance with them!)
Once you have determined the amount you want or need in short-term or demand investments, you start looking around for the best return. That's where BankDirect is a very favorable alternative, IMO.