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]
#571
Join Date: Aug 2012
Posts: 46
BTW, invest for one's retirement does not necessarily mean to sock one's extra cash to Fido whenever one could... if mutual funds are your way of invest, there are other fund families perform better than Fido's. if equity being the vehicle, there are better discount brokerage firms than Fido. Fido simply is one of the oldest, most established back from the old days when discount brokerage first caught on. It has gained control for over 50% of this country's 401K management. However for those individuals who are actively managed their own investments, Fido definitely is NOT the best choice.
P.S. I don't believe in actively managed mutual funds or actively managing your own portfolio. 80% of such funds underperform the market. Better to just own your passive investments until you have enough to invest in a hedge fund, that's when people are actually smart enough (and dedicate enough time) to beat the market
#572
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,762
This is bogus, customers that cycle money in and out of two brokerages get treated better than ones that have been keeping money with them for a while. I don't mind moving $ out, it's just a pain to deal with the capital gains and losses from buying and selling stuff.
Didn't you not read the post about Fido told the customer that he wasn't eligible for the promo because he moved his fund out not too long ago before he signed up for the promo? And Fido told him the firm did look back on accounts?
If Fido is so vigilant, why doesn't it stop the cycling of funds for folks who got double / triple dips on the promos?
And those were all new accounts no less!
I don't active manage - I just hold a diversified portfolio of (mostly equity) ETFs, and the no-commission trading for iShares makes rebalancing and tax-loss selling really simple. I actually get a lot more value out of my investments so I wouldn't be playing around for these miles unless it was really worth the hassle.
P.S. I don't believe in actively managed mutual funds or actively managing your own portfolio. 80% of such funds underperform the market. Better to just own your passive investments until you have enough to invest in a hedge fund, that's when people are actually smart enough (and dedicate enough time) to beat the market
As for actively managing one's own investment - that is not for everyone. As long as you find a method that suits you well, that is what clicks. But that does NOT mean others would not fare better by actively managing theirs. I have friends who all have their own business or jobs, who also trade actively and they are doing much better than passive investment vehicles. To each their own, this is just like everything else, YMMV.
Last edited by Happy; Aug 23, 2012 at 9:57 pm
#573
Join Date: Mar 2000
Posts: 512
I use the Cash Management ATM card aboard all the time. It is this one and the Schwab's for all our cash needs when travel internationally.
I understand all Visa debit cards charge a bit of forex fees though.
#574
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,762
The Visa network supposedly charges a 1% fee - however, I have not seen that - neither as a separate charge nor included in the exchange rates which I often checked against historical intrabank mean daily rate - UNTIL this past May in Aix, France at a BNP - the ATM put a 1% line item on the withdrawal and it showed up in Fido's account as "purchase". This is the first time I have seen such.
#575
Join Date: Aug 2012
Posts: 46
Actually your belief is misplaced, at least for the hedge fund part. A majority of hedge funds under-perform the broader market as a starter.
As for actively managing one's own investment - that is not for everyone. As long as you find a method that suits you well, that is what clicks. But that does NOT mean others would not fare better by actively managing theirs. I have friends who all have their own business or jobs, who also trade actively and they are doing much better than passive investment vehicles. To each their own, this is just like everything else, YMMV.
As for actively managing one's own investment - that is not for everyone. As long as you find a method that suits you well, that is what clicks. But that does NOT mean others would not fare better by actively managing theirs. I have friends who all have their own business or jobs, who also trade actively and they are doing much better than passive investment vehicles. To each their own, this is just like everything else, YMMV.
To actively manage and beat the market takes a lot of your own time, and it's not assured at all. Moreover one has to deal with the tax implications of trading which greatly complicate buying and selling. I for one don't have a job where I can make more money day trading than just focusing on doing a good job at work
But anyway, no need to go off topic here. If someone is reading this and is thinking about gambling with their money, better to do it in the financial markets than a casino - at least it's not rigged in favor of the house!
#576
Join Date: Jul 2007
Location: Berlin
Programs: BA Gold; Accor Plat; IHG Diamond-Amb; Meliá & HH & Marriott Gold
Posts: 5,450
Fidelity is obviously not a great choice for frequent traders (unless, perhaps, their trades are so large that Fidelity's fees become insignificant). For many of us, it's a good place to keep investments that we expect to hold for long enough for the time factor to make the fees insignificant.
Welcome to FT!
#577
Join Date: Jul 2003
Location: WAS/ Silver Spring, MD,USA
Programs: UA/AA
Posts: 857
#578
FlyerTalk Evangelist
Original Poster
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,044
Just a note regarding updates to the first post of this thread:
As I'm in the 12-month quiet period here, I'll stop watching each update to this thread. So if there's a material change that means I should update the first post, please PM me to make me aware of it.
Thanks
As I'm in the 12-month quiet period here, I'll stop watching each update to this thread. So if there's a material change that means I should update the first post, please PM me to make me aware of it.
Thanks
#579
FlyerTalk Evangelist
Join Date: Dec 2000
Location: south of WAS DC
Posts: 10,131
the bungling fools at fidelity finally got my transfer completed today. first reported request at etrade was 7/25. i presume i started on the 23rd or 4th. i have filled out the paper work around 8-10 times. they were really interested in my full portfolio, and requested it a number of times. that is none of their business. the divots i talk to may be capable, but they can do nothing other than say please and thank you. never get the same person on the line. much politness, but no action. i do not think their computers can see pdfs from an mac. we sent from two different imacs, and no see. sent the data to a pc, and then they could see a pdf. these are all big current machines. we know how to use them.
i am very worried about the amount of stock and mutual fund i have sent fidelity. as a brokerage firm, i think they are incompetent . most of my securities are bank and insurance company pfd stocks. not flaky penny stocks. no one else has ever had a problem finding deutch bank and ing pfds before.
i am very worried about the amount of stock and mutual fund i have sent fidelity. as a brokerage firm, i think they are incompetent . most of my securities are bank and insurance company pfd stocks. not flaky penny stocks. no one else has ever had a problem finding deutch bank and ing pfds before.
#580
Join Date: Aug 2004
Location: Kamuela, Hawaii
Programs: Marriott Titanium, Hilton Diamond, AA Plat, UA Silver, AS MVP, HA premier
Posts: 509
I don't understand why you would be buying or selling to move assets out. Haven't you ever heard of partial ACAT? Just transfer the assets directly to another broker. It usually takes 2-3 days.
#581
FlyerTalk Evangelist
Join Date: Dec 2000
Location: south of WAS DC
Posts: 10,131
Unfortunately, this is the case with a lot of businesses. Promos are designed to bring in new business, not to reward existing customers.
I don't understand why you would be buying or selling to move assets out. Haven't you ever heard of partial ACAT? Just transfer the assets directly to another broker. It usually takes 2-3 days.
I don't understand why you would be buying or selling to move assets out. Haven't you ever heard of partial ACAT? Just transfer the assets directly to another broker. It usually takes 2-3 days.
i can tell you and fidelity, they are now proven merchandise, and in 185 days, i'm gone. i'm not a churner, i just avoid incompetence.
fidelity if you are monitoring this thread and think i am presenting an unfair picture, get someone on the phone who does more than polite, and pm me.
#582
Join Date: May 2004
Programs: AA lifetime platinum, Jet Blue Mosaic
Posts: 438
the bungling fools at fidelity finally got my transfer completed today. first reported request at etrade was 7/25. i presume i started on the 23rd or 4th. i have filled out the paper work around 8-10 times. they were really interested in my full portfolio, and requested it a number of times. that is none of their business. the divots i talk to may be capable, but they can do nothing other than say please and thank you. never get the same person on the line. much politness, but no action. i do not think their computers can see pdfs from an mac. we sent from two different imacs, and no see. sent the data to a pc, and then they could see a pdf. these are all big current machines. we know how to use them.
i am very worried about the amount of stock and mutual fund i have sent fidelity. as a brokerage firm, i think they are incompetent . most of my securities are bank and insurance company pfd stocks. not flaky penny stocks. no one else has ever had a problem finding deutch bank and ing pfds before.
i am very worried about the amount of stock and mutual fund i have sent fidelity. as a brokerage firm, i think they are incompetent . most of my securities are bank and insurance company pfd stocks. not flaky penny stocks. no one else has ever had a problem finding deutch bank and ing pfds before.
Fidelity is no different from other companies when it comes to promotions. I have the same complaint with Citi, Chase and AMex. Their marketing people all seem to prefer to reward the potential new customer, who will keep the account open until the toaster or ball point pen is received, rather than reward long term existing customers.
#583
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,762
One of them owns several businesses including a niche software company that has the 2nd world's largest insurance broker (Aon) as one of his clients, plus publishing business. He is an active trader with Fido and often being invited into focus group meeting. fwiw. And yes, I often fail to understand how he manages to do all that.
One of them used to be the head of IT with Bankers Trust if you even know the name. She turned to trade for a living decade ago. She is also an active trader with Fido but often argues with Fido on mishandled trades.
One of them is a "free-lance" software engineer who does consulting works and count Tivo as one of his clients. He trades with E-Trade.
One of them is a software engineer at GOOG. Another one has retired and returned to her native land but continues to trade the US market. Neither uses Fido.
So there, there are many different type of folks out there. I would never generalize my own experiences to apply to others nor I would stero-type others as perceived by self.
Last edited by Happy; Aug 24, 2012 at 9:48 pm
#584
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,762
Any person who believes the odd is not rigged in favor of the house is very naive to put it kindly.
#585
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,762
Fidelity is no different from other companies when it comes to promotions. I have the same complaint with Citi, Chase and AMex. Their marketing people all seem to prefer to reward the potential new customer, who will keep the account open until the toaster or ball point pen is received, rather than reward long term existing customers.
Fido several years ago flat out told me the reason why it did not give me the promotion offer because it was for new customers, part of the marketing cost and since you are already with us, we dont need to attract you any more. This was from a supervisor no less.