Last edit by: TravelinSperry
All offers are expired/dead as of March 31, 2017
AA: https://scs.fidelity.com/other/offer...shtml?MSC=AA01
United: https://scs.fidelity.com/other/offer...shtml?MSC=UA01
Delta: https://scs.fidelity.com/other/offer...on_delta.shtml
Update as of May 21, 2014 - in recent weeks some people have reported being told that they are no longer eligible for this offer, in spite of meeting the previous terms and conditions. Some Fidelity representatives are saying that these offers are targeted. Note the bold words in the the terms and conditions below - "Other terms and conditions may apply."
The funds or securities must stay in the account for 9 months
The offer may be repeated every 365 days if the terms were met (rolling 12 months)
The funds may not already be in a Fidelity account, but must be sourced from elsewhere
If you are moving funds or securities out of Fidelity, with intent to move it back to claim this bonus, members have recommended to keep the funds/securities out for at least 3 months to avoid risk of losing eligibility for the deposit. Some have been told unofficially by advisers 30 days. YMMV.
Members who have pulled funds/deposits out within 9 months have reported they were allowed to keep the miles, but were banned for life from being able to repeat the offer.
Added September 26, 2016:
Any withdrawals from the account during the qualification period will count against the total deposited. This includes dividends upon you may dependent to live. So be sure to transfer assets whose value covers the minimum you need plus any you might withdraw during those 60 days.
It is strongly suggested you register for the offer you want by calling Fidelity's Promotion Department at (800)544-5315, as the online registration has been flaky in the past. Also, if you have high net worth, a "High Net Worth supervisor" may be able to help - simply call the Premium Services number on your account statement to find someone who has the power to do most anything. Get the name and phone number of the person you spoke with and ask him or her to note in your account that you have been approved, and by whom. Then, if after you transfer assets you get an email saying you are not eligible for the offer for which you registered (yes, this has happened), call the rep again, asking to read the notes on your account. You will probably be told that the email was automated and was sent in error and that they will hand babysit the funding and resultant miles.
If the registration page tells you are not eligible because you have had the offer before, call one of the above numbers. You are eligible after on year. That year probably starts counting when the miles are awarded, not when you register or when you add assets.
Trusts require extra caution on their part. Sometimes they require that you give them a lot of paperwork for trusts. If you have a local Fidelity office, just bring in everything required and they will copy and mail it for you. Easy. Otherwise, just mail it in. If upon trying to register online you are informed that your Revocable Living Trust account is not eligible, well, just call one of the above numbers, because it is eligible. They just have to verify a few things and then override the system. They want to know that you are the only trustee and the only beneficiary.
From the Terms and Conditions page:
Promotional Offer Rules:
This promotional offer is only available to new or existing Fidelity brokerage account customers opening or depositing net new assets into a joint or individual nonretirement Fidelity Account®. Net new assets are defined as an individual’s external new money in minus money out, including distributions and transfers.
This offer expires September 30, 2014, and is not transferable or valid in conjunction with any other Fidelity promotional offer. Fidelity Investments reserves the right to modify, change, or alter the terms and conditions of the promotional offer in its sole discretion at any time. Fidelity Investments may terminate this promotional offer at any time. Other terms and conditions may apply.
Promotional offers are limited to one per individual per rolling 12 months.
The promotion is not available for business accounts; trust accounts; mutual fund only accounts; retirement accounts, including, among others, Fidelity IRA, Roth IRA, SEP, and SIMPLE accounts; 401(k) and 403(b) workplace retirement plans; fiduciary accounts (including custodial accounts, estate accounts); 529 college savings plan accounts (i.e. college investment trust accounts); Fidelity accounts managed by Strategic Advisers, Inc. (for example, Portfolio Advisory Services); Institutional Wealth Services (IWS) clients; clients of registered investment advisors working with Fidelity Investments; annuities; and Stock Plan Services accounts. Offer is not valid for non-U.S. residents; persons affiliated with FINRA, a securities exchange or its members; employees of Fidelity, its affiliates, and members of their immediate families and households; or the media.
Certain states and local jurisdictions have laws that limit or restrict public employees from accepting items of value from vendors such as Fidelity that provide services to public institutions. Some public entities such as governments, state universities, health care organizations, etc., also have internal policies that may contain similar restrictions. If you are a public official or employee, you should determine if one of these laws or internal policies applies to you. By accepting this incentive, we assume that you are in compliance with your jurisdiction's laws and institution's internal policies.
Transferred assets will be valued, for the purposes of determining eligibility for this promotional offer, at the close of business Eastern time on the business day or next business day, if on a weekend day or holiday, following receipt by Fidelity Investments of the assets into the account that is eligible for the promotional offer. Funding must come from an external, non-Fidelity source via any standard monetary transfer method (a standard Transfer of Assets form, check, electronic funds transfer, ADM deposit, etc.). Please allow eight weeks from the funding of the eligible account, with the qualifying dollar amount of assets, for American Airlines AAdvantage® miles to be posted to your AAdvantage® account. 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.
New accounts must be opened within 30 days of registering for the offer. Additional deposits to the eligible Fidelity account may earn you a higher mileage award provided the result is that the cumulative assets meet or exceed the next eligibility tier (up to a maximum of 50,000 AAdvantage® miles). For new accounts, initial and subsequent deposits must be made within 60 days of Fidelity account opening. For new money deposited into existing accounts, all deposits must be made within 60 days of registering for the offer.
AA: https://scs.fidelity.com/other/offer...shtml?MSC=AA01
United: https://scs.fidelity.com/other/offer...shtml?MSC=UA01
Delta: https://scs.fidelity.com/other/offer...on_delta.shtml
Update as of May 21, 2014 - in recent weeks some people have reported being told that they are no longer eligible for this offer, in spite of meeting the previous terms and conditions. Some Fidelity representatives are saying that these offers are targeted. Note the bold words in the the terms and conditions below - "Other terms and conditions may apply."
The funds or securities must stay in the account for 9 months
The offer may be repeated every 365 days if the terms were met (rolling 12 months)
The funds may not already be in a Fidelity account, but must be sourced from elsewhere
If you are moving funds or securities out of Fidelity, with intent to move it back to claim this bonus, members have recommended to keep the funds/securities out for at least 3 months to avoid risk of losing eligibility for the deposit. Some have been told unofficially by advisers 30 days. YMMV.
Members who have pulled funds/deposits out within 9 months have reported they were allowed to keep the miles, but were banned for life from being able to repeat the offer.
Added September 26, 2016:
Any withdrawals from the account during the qualification period will count against the total deposited. This includes dividends upon you may dependent to live. So be sure to transfer assets whose value covers the minimum you need plus any you might withdraw during those 60 days.
It is strongly suggested you register for the offer you want by calling Fidelity's Promotion Department at (800)544-5315, as the online registration has been flaky in the past. Also, if you have high net worth, a "High Net Worth supervisor" may be able to help - simply call the Premium Services number on your account statement to find someone who has the power to do most anything. Get the name and phone number of the person you spoke with and ask him or her to note in your account that you have been approved, and by whom. Then, if after you transfer assets you get an email saying you are not eligible for the offer for which you registered (yes, this has happened), call the rep again, asking to read the notes on your account. You will probably be told that the email was automated and was sent in error and that they will hand babysit the funding and resultant miles.
If the registration page tells you are not eligible because you have had the offer before, call one of the above numbers. You are eligible after on year. That year probably starts counting when the miles are awarded, not when you register or when you add assets.
Trusts require extra caution on their part. Sometimes they require that you give them a lot of paperwork for trusts. If you have a local Fidelity office, just bring in everything required and they will copy and mail it for you. Easy. Otherwise, just mail it in. If upon trying to register online you are informed that your Revocable Living Trust account is not eligible, well, just call one of the above numbers, because it is eligible. They just have to verify a few things and then override the system. They want to know that you are the only trustee and the only beneficiary.
From the Terms and Conditions page:
Promotional Offer Rules:
This promotional offer is only available to new or existing Fidelity brokerage account customers opening or depositing net new assets into a joint or individual nonretirement Fidelity Account®. Net new assets are defined as an individual’s external new money in minus money out, including distributions and transfers.
This offer expires September 30, 2014, and is not transferable or valid in conjunction with any other Fidelity promotional offer. Fidelity Investments reserves the right to modify, change, or alter the terms and conditions of the promotional offer in its sole discretion at any time. Fidelity Investments may terminate this promotional offer at any time. Other terms and conditions may apply.
Promotional offers are limited to one per individual per rolling 12 months.
The promotion is not available for business accounts; trust accounts; mutual fund only accounts; retirement accounts, including, among others, Fidelity IRA, Roth IRA, SEP, and SIMPLE accounts; 401(k) and 403(b) workplace retirement plans; fiduciary accounts (including custodial accounts, estate accounts); 529 college savings plan accounts (i.e. college investment trust accounts); Fidelity accounts managed by Strategic Advisers, Inc. (for example, Portfolio Advisory Services); Institutional Wealth Services (IWS) clients; clients of registered investment advisors working with Fidelity Investments; annuities; and Stock Plan Services accounts. Offer is not valid for non-U.S. residents; persons affiliated with FINRA, a securities exchange or its members; employees of Fidelity, its affiliates, and members of their immediate families and households; or the media.
Certain states and local jurisdictions have laws that limit or restrict public employees from accepting items of value from vendors such as Fidelity that provide services to public institutions. Some public entities such as governments, state universities, health care organizations, etc., also have internal policies that may contain similar restrictions. If you are a public official or employee, you should determine if one of these laws or internal policies applies to you. By accepting this incentive, we assume that you are in compliance with your jurisdiction's laws and institution's internal policies.
Transferred assets will be valued, for the purposes of determining eligibility for this promotional offer, at the close of business Eastern time on the business day or next business day, if on a weekend day or holiday, following receipt by Fidelity Investments of the assets into the account that is eligible for the promotional offer. Funding must come from an external, non-Fidelity source via any standard monetary transfer method (a standard Transfer of Assets form, check, electronic funds transfer, ADM deposit, etc.). Please allow eight weeks from the funding of the eligible account, with the qualifying dollar amount of assets, for American Airlines AAdvantage® miles to be posted to your AAdvantage® account. 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.
New accounts must be opened within 30 days of registering for the offer. Additional deposits to the eligible Fidelity account may earn you a higher mileage award provided the result is that the cumulative assets meet or exceed the next eligibility tier (up to a maximum of 50,000 AAdvantage® miles). For new accounts, initial and subsequent deposits must be made within 60 days of Fidelity account opening. For new money deposited into existing accounts, all deposits must be made within 60 days of registering for the offer.
Fidelity Bonus offers for airline miles & hotel points [EXPIRED March 31, 2017]
#1561
Join Date: Mar 2010
Location: mountains of western NC
Programs: Life, Love and Laughter
Posts: 8,539
Folks this is a great thread, thanks for all the information.
I do have a question. It does state in the T&C and the Wiki that you have to leave the money in for 9 months. Put simply, I'd rather not have to do this. So what have people's experiences been if they withdraw the money early? I certainly understand the one offer per year limit, but that money can be used elsewhere for other bonuses in the interim if possible. Apologies for not reading the entire thread but I have FT set to the max posts/page and it is still a 39 page thread
I do have a question. It does state in the T&C and the Wiki that you have to leave the money in for 9 months. Put simply, I'd rather not have to do this. So what have people's experiences been if they withdraw the money early? I certainly understand the one offer per year limit, but that money can be used elsewhere for other bonuses in the interim if possible. Apologies for not reading the entire thread but I have FT set to the max posts/page and it is still a 39 page thread
My suggestion is very simple. If you are not willing to follow Fidelity's terms and conditions, then don't try to do the deal.
#1562
Join Date: Mar 2010
Location: mountains of western NC
Programs: Life, Love and Laughter
Posts: 8,539
The deadline on the Delta offer has been extended to April 10, 2014 (deadline had been Feb. 14, 2014).
My memory from the past is that when the deadline was extended it was extended for a year or so. This time the deadline was extended only two months. Perhaps Fidelity is running out of Delta miles? (just speculation on my part)
My memory from the past is that when the deadline was extended it was extended for a year or so. This time the deadline was extended only two months. Perhaps Fidelity is running out of Delta miles? (just speculation on my part)
#1563
Join Date: Apr 2005
Location: NYC
Posts: 1,756
Folks this is a great thread, thanks for all the information.
I do have a question. It does state in the T&C and the Wiki that you have to leave the money in for 9 months. Put simply, I'd rather not have to do this. So what have people's experiences been if they withdraw the money early? I certainly understand the one offer per year limit, but that money can be used elsewhere for other bonuses in the interim if possible. Apologies for not reading the entire thread but I have FT set to the max posts/page and it is still a 39 page thread
I do have a question. It does state in the T&C and the Wiki that you have to leave the money in for 9 months. Put simply, I'd rather not have to do this. So what have people's experiences been if they withdraw the money early? I certainly understand the one offer per year limit, but that money can be used elsewhere for other bonuses in the interim if possible. Apologies for not reading the entire thread but I have FT set to the max posts/page and it is still a 39 page thread
#1564
Join Date: Dec 2006
Posts: 242
Folks this is a great thread, thanks for all the information.
I do have a question. It does state in the T&C and the Wiki that you have to leave the money in for 9 months. Put simply, I'd rather not have to do this. So what have people's experiences been if they withdraw the money early? I certainly understand the one offer per year limit, but that money can be used elsewhere for other bonuses in the interim if possible. Apologies for not reading the entire thread but I have FT set to the max posts/page and it is still a 39 page thread
I do have a question. It does state in the T&C and the Wiki that you have to leave the money in for 9 months. Put simply, I'd rather not have to do this. So what have people's experiences been if they withdraw the money early? I certainly understand the one offer per year limit, but that money can be used elsewhere for other bonuses in the interim if possible. Apologies for not reading the entire thread but I have FT set to the max posts/page and it is still a 39 page thread
But on the other side, the assets you would be moving would not be making any more or less gains wherever you park them!
#1565
Join Date: Nov 2011
Programs: UA 1K, Marriott Platinum, Hertz President Circle
Posts: 291
Multiple Accounts
Does anyone have any experience with opening multiple new accounts to take advantage of multiple offers?
ie, new funds for AA, additional funds for UA, and more additional funds for detla?
If the accounts were all opened in sequence, I suppose the subsequent accounts (#2 and #3) would be under "existing Fidelity" customer?
Any advice would be appreciated.
ie, new funds for AA, additional funds for UA, and more additional funds for detla?
If the accounts were all opened in sequence, I suppose the subsequent accounts (#2 and #3) would be under "existing Fidelity" customer?
Any advice would be appreciated.
#1566
Join Date: Oct 2011
Location: North Carolina
Posts: 613
Does anyone have any experience with opening multiple new accounts to take advantage of multiple offers?
ie, new funds for AA, additional funds for UA, and more additional funds for detla?
If the accounts were all opened in sequence, I suppose the subsequent accounts (#2 and #3) would be under "existing Fidelity" customer?
Any advice would be appreciated.
ie, new funds for AA, additional funds for UA, and more additional funds for detla?
If the accounts were all opened in sequence, I suppose the subsequent accounts (#2 and #3) would be under "existing Fidelity" customer?
Any advice would be appreciated.
#1567
Join Date: Jul 2009
Location: USA
Programs: AA EXP, UA GLD, Bonvoy Titan, HH Dia, WoH Exp
Posts: 2,673
Folks this is a great thread, thanks for all the information.
I do have a question. It does state in the T&C and the Wiki that you have to leave the money in for 9 months. Put simply, I'd rather not have to do this. So what have people's experiences been if they withdraw the money early? I certainly understand the one offer per year limit, but that money can be used elsewhere for other bonuses in the interim if possible. Apologies for not reading the entire thread but I have FT set to the max posts/page and it is still a 39 page thread
I do have a question. It does state in the T&C and the Wiki that you have to leave the money in for 9 months. Put simply, I'd rather not have to do this. So what have people's experiences been if they withdraw the money early? I certainly understand the one offer per year limit, but that money can be used elsewhere for other bonuses in the interim if possible. Apologies for not reading the entire thread but I have FT set to the max posts/page and it is still a 39 page thread
#1568
Join Date: May 2004
Programs: AA lifetime platinum, Jet Blue Mosaic
Posts: 438
What is the opportunity cost of participating in this program and letting Fidelity have $100k of either your money or your securities (including bonds)?
a. If you are transferring bonds or other securities their is no opportunity cost.
b. If you are transferring cash which you plan to invest in securities or bonds at Fidelity there is no opportunity cost.
c. If you are transferring money which you do not intend to invest at Fidelity there is an opportunity cost; that being the difference in the interest earned at Fidelity (negligible) compared to the interest earnable elsewhere. AS AN EXAMPLE;
$100 K at Fidelity for 9 months will earn $75. The same amount which I have at Country Bank in Portchester, NY will earn $575 at .7% p.a.. Accordingly, in this example my opportunity cost of participating in this program is $575.
Substitute your own bank's interest rate to determine your opportunity cost.
how much does
a. If you are transferring bonds or other securities their is no opportunity cost.
b. If you are transferring cash which you plan to invest in securities or bonds at Fidelity there is no opportunity cost.
c. If you are transferring money which you do not intend to invest at Fidelity there is an opportunity cost; that being the difference in the interest earned at Fidelity (negligible) compared to the interest earnable elsewhere. AS AN EXAMPLE;
$100 K at Fidelity for 9 months will earn $75. The same amount which I have at Country Bank in Portchester, NY will earn $575 at .7% p.a.. Accordingly, in this example my opportunity cost of participating in this program is $575.
Substitute your own bank's interest rate to determine your opportunity cost.
how much does
#1569
Join Date: May 2004
Programs: AA lifetime platinum, Jet Blue Mosaic
Posts: 438
What is the opportunity cost of participating in this program and letting Fidelity have $100k of either your money or your securities (including bonds)?
a. If you are transferring bonds or other securities their is no opportunity cost.
b. If you are transferring cash which you plan to invest in securities or bonds at Fidelity there is no opportunity cost.
c. If you are transferring money which you do not intend to invest at Fidelity there is an opportunity cost; that being the difference in the interest earned at Fidelity (negligible) compared to the interest earnable elsewhere. AS AN EXAMPLE;
$100 K at Fidelity for 9 months will earn $75. The same amount which I have at Country Bank in Portchester, NY will earn $575 at .7% p.a.. Accordingly, in this example my opportunity cost of participating in this program is $575.
Substitute your own bank's interest rate to determine your opportunity cost.
a. If you are transferring bonds or other securities their is no opportunity cost.
b. If you are transferring cash which you plan to invest in securities or bonds at Fidelity there is no opportunity cost.
c. If you are transferring money which you do not intend to invest at Fidelity there is an opportunity cost; that being the difference in the interest earned at Fidelity (negligible) compared to the interest earnable elsewhere. AS AN EXAMPLE;
$100 K at Fidelity for 9 months will earn $75. The same amount which I have at Country Bank in Portchester, NY will earn $575 at .7% p.a.. Accordingly, in this example my opportunity cost of participating in this program is $575.
Substitute your own bank's interest rate to determine your opportunity cost.
#1570
Join Date: Mar 2010
Location: mountains of western NC
Programs: Life, Love and Laughter
Posts: 8,539
It used to be 6 months to keep the funds in the account. Has Fidelity changed their policy so that now you have to keep it there for 9 months? Anyone know when this policy changed? If you applied for the offer when their T&Cs was 6 months, will it be OK to withdraw the amount after 6 months as per the T&C when you originally applied?
If you are not sure what the terms and conditions are for your particular account, then you should contact Fidelity and ask them directly.
#1571
Join Date: Jul 2009
Location: USA
Programs: AA EXP, UA GLD, Bonvoy Titan, HH Dia, WoH Exp
Posts: 2,673
Here in this thread someone noticed the change on Dec. 20. Of course, the change may have been made some time before and no one here noticed.
If you are not sure what the terms and conditions are for your particular account, then you should contact Fidelity and ask them directly.
If you are not sure what the terms and conditions are for your particular account, then you should contact Fidelity and ask them directly.
I transferred my funds to Fidelity in August 2013 and it is has now been 6 months and time to transfer the money out. Back in August 2013, the T&C stated you had to keep it in for 6 months.
#1572
Join Date: Aug 2006
Posts: 756
I absolutely agree with others that if you can't commit to the T&C on this deal then don't do it as Fido is getting stricter now than in the past. Also more abuse will lead to possibly future offer shut downs for others trying to get it the right way or Fido changing future rules (for the worst).
#1573
Join Date: Aug 2006
Posts: 756
What is the opportunity cost of participating in this program and letting Fidelity have $100k of either your money or your securities (including bonds)?
a. If you are transferring bonds or other securities their is no opportunity cost.
b. If you are transferring cash which you plan to invest in securities or bonds at Fidelity there is no opportunity cost.
c. If you are transferring money which you do not intend to invest at Fidelity there is an opportunity cost; that being the difference in the interest earned at Fidelity (negligible) compared to the interest earnable elsewhere. AS AN EXAMPLE;
$100 K at Fidelity for 9 months will earn $75. The same amount which I have at Country Bank in Portchester, NY will earn $575 at .7% p.a.. Accordingly, in this example my opportunity cost of participating in this program is $575.
Substitute your own bank's interest rate to determine your opportunity cost.
a. If you are transferring bonds or other securities their is no opportunity cost.
b. If you are transferring cash which you plan to invest in securities or bonds at Fidelity there is no opportunity cost.
c. If you are transferring money which you do not intend to invest at Fidelity there is an opportunity cost; that being the difference in the interest earned at Fidelity (negligible) compared to the interest earnable elsewhere. AS AN EXAMPLE;
$100 K at Fidelity for 9 months will earn $75. The same amount which I have at Country Bank in Portchester, NY will earn $575 at .7% p.a.. Accordingly, in this example my opportunity cost of participating in this program is $575.
Substitute your own bank's interest rate to determine your opportunity cost.
I agree with this as this is a simple and easy for the novice to understand.
Just to add: depending how much you value your miles,
ex. lets say at .01 cent/mile then 50,000 miles= $500 or if some value their miles at about .015cents/mile (as some bloggers suggest for some programs) then 50,000 miles = around $750 or so. So the Fido deal is not bad at all even at all cash if you truly need the miles or round up your miles to make them useful for the next trip.
Another benefit: don't forget that any interest you earn from your money in banks are taxable so the $575 in the above example is actually less than $575(or much less if in higher tax bracket) while all your bonus miles worth $500-750 (depending on FF program) are NOT taxable. IMO
Last edited by sharka; Feb 16, 2014 at 9:21 am
#1575
Join Date: Aug 2011
Programs: AA, UAL
Posts: 545
Just to add: depending how much you value your miles,
ex. lets say at .01 cent/mile then 50,000 miles= $500 or if some value their miles at about .015cents/mile (as some bloggers suggest for some programs) then 50,000 miles = around $750 or so. So the Fido deal is not bad at all even at all cash if you truly need the miles or round up your miles to make them useful for the next trip.
ex. lets say at .01 cent/mile then 50,000 miles= $500 or if some value their miles at about .015cents/mile (as some bloggers suggest for some programs) then 50,000 miles = around $750 or so. So the Fido deal is not bad at all even at all cash if you truly need the miles or round up your miles to make them useful for the next trip.
Cheers!