[Consolidated] Fidelity bonus offers for all airlines
Jan 16, 2011, 10:55 am
#211
Join Date: May 2010
Posts: 65
if i put 50k in which would give me 25k aa miles is it worth it too take it out and put it back in so they think i deposited 100k so i would get more miles. anybody have experience?
Jan 16, 2011, 12:40 pm
#212
Join Date: Mar 2010
Programs: BA silver, Hyatt PLT, AA EXP, US silver, ICH RA, CO PLT
Posts: 957
According to the terms of the AA promotion: "Your Fidelity account must remain open with the qualifying funding for six months from the date that the qualifying assets are first received in the eligible account." https://scs.fidelity.com/other/offer...shtml?MSC=AA01
I think you risk a loss of your miles if you close this account.
I think you risk a loss of your miles if you close this account.
Jan 16, 2011, 12:42 pm
#213
Join Date: Apr 2003
Location: PHX & PPT
Programs: DL PM, IHG Plat, Hilton Gold, AmExPlat
Posts: 833
Jan 16, 2011, 12:46 pm
#214
Join Date: Mar 2010
Programs: BA silver, Hyatt PLT, AA EXP, US silver, ICH RA, CO PLT
Posts: 957
I put a little over $100,000 worth of securities in a new account last July and received my 50,000 AA miles within a few days. A couple months later I took about $17,000 out to use for another deal. Someone else reported taking everything out after receiving their miles and Fidelity did nothing to them. I will probably transfer the remainder out soon. I'm at six months with Fidelity.
Many, many people ask this same questions about recycling money with Fidelity. In my memory only josephstern has reported doing it, and he did it in early 2010. I don't remember anyone reporting doing it in the past six months (or since this thread with this deal started). And yes, the question has been asked again and again periodically throughout the thread.
So, the short answer is no one has reported recycling money into a Fidelity account with this particular offer.
Many, many people ask this same questions about recycling money with Fidelity. In my memory only josephstern has reported doing it, and he did it in early 2010. I don't remember anyone reporting doing it in the past six months (or since this thread with this deal started). And yes, the question has been asked again and again periodically throughout the thread.
So, the short answer is no one has reported recycling money into a Fidelity account with this particular offer.
Jan 16, 2011, 12:50 pm
#215
Join Date: Nov 2010
Posts: 639
Let us know what happens if you do try.
Jan 16, 2011, 12:50 pm
#216
Join Date: Apr 2003
Location: PHX & PPT
Programs: DL PM, IHG Plat, Hilton Gold, AmExPlat
Posts: 833
That post (# 195?) discusses partial withdrawals and recycling, not completely closing the account as soon as the miles post -- I think that is still an unknown situation. At the very least, I'd use the points by booking an award and actually flying on it before completely closing the account.
Last edited by BarbiJKM; Jan 16, 2011 at 1:03 pm
Jan 16, 2011, 1:01 pm
#217
Join Date: Mar 2010
Programs: BA silver, Hyatt PLT, AA EXP, US silver, ICH RA, CO PLT
Posts: 957
I could probably just leave it open with $100 at the very least... Anyone out there who closed the account or left only a small amount after miles have posted?
Jan 16, 2011, 3:19 pm
#218
Join Date: May 2010
Posts: 65
i have left a $100 in for 6 months then closed it and had no problem at all
Jan 16, 2011, 4:16 pm
#219
Join Date: Mar 2010
Programs: BA silver, Hyatt PLT, AA EXP, US silver, ICH RA, CO PLT
Posts: 957
Jan 16, 2011, 7:54 pm
#220
Join Date: May 2010
Location: WAS
Programs: Lotz
Posts: 1,534
I assume the Fidelity checking account is eligible for this offer since it's described as a brokerage account.
If so the "recycle" makes sense since it's X amount of deposits in 30 days. No requirement (like TD Ameritrade) to maintain the X amount balance for 6 months.
OTOH the rapid deposits of miles makes me think they are now going by initial deposit amount and not deposits in 30 days as the T&C say.
If so the "recycle" makes sense since it's X amount of deposits in 30 days. No requirement (like TD Ameritrade) to maintain the X amount balance for 6 months.
OTOH the rapid deposits of miles makes me think they are now going by initial deposit amount and not deposits in 30 days as the T&C say.
Last edited by tassojunior; Jan 16, 2011 at 8:10 pm
Jan 16, 2011, 8:21 pm
#221
Join Date: May 2010
Posts: 65
like a week after the miles posted i took the money out
Jan 19, 2011, 9:48 am
#222
Join Date: Mar 2009
Posts: 99
I got my 15K miles after depositing 25k (mix of cash & stocks). Now I deposited additional 25K cash to make it 50K. Does fidelity award another 15K miles or only 10K for $50k deposit. thanks.
Jan 19, 2011, 10:30 am
#223
Join Date: Nov 2010
Posts: 639
If you are still in original window for your promotion then you should get 10K more. Otherwise, I wouldn't expect anything.
Jan 19, 2011, 11:46 am
#224
Join Date: May 2010
Posts: 65
please follow up if you do get the miles when adding additional cash. i believe it has to be within 90 days
Jan 24, 2011, 1:56 pm
#225
Join Date: Mar 2010
Programs: BA silver, Hyatt PLT, AA EXP, US silver, ICH RA, CO PLT
Posts: 957
I called to set up ETF and the rep told me (I didn't ask):" I see you are registered for the airmiles promotion, and if you do transfer $ out you would not qualify for the miles" I don think he knew I received them already... BUt it got me worried they would take them back.