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Originally Posted by iwls01
(Post 16239897)
I'm in the exact same boat as the OP (also in SEA if I may add :) )
Here's my plan on how to invest my $100k: put ALL into Fidelity now to get 50k AA, and later 50k Delta. Once miles are in, I plan to withdraw all but $1k or $2k, and leave the accounts open for 6 months. open Bank direct and use this as my new "savings" acct, so ExitRow, pm your referral link too if you'd like. How long do we have to hit the $100K? 90 days right? I'll set up my BankDirect account shortly. |
Originally Posted by uoficowboy
(Post 16240590)
I just started my Fidelity account earlier today :) Apparently new customers can only put in $15K/day.
How long do we have to hit the $100K? 90 days right? I'll set up my BankDirect account shortly. |
How are people able to get both AA and DL miles? I thought this was limited to new accounts only, no?
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So it looks like BankDirect has all sorts of Mileage account types. Checking gets you .1miles/$1, and money market gets you .05miles/$1. The interest is double for the money market (.1% vs .05%). Both of those are worth next to nothing compared to the miles. However, you get 1K miles/account opened. So would it make sense to open up a money market and a checking account, put the minimum funding in the money market, and the rest of my money in the checking? When could I close out the money market?
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