Nov 19, 2013, 6:07 pm
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]
Oct 3, 2012, 8:53 am
#676
Moderator: Travel Buzz
Join Date: Aug 2012
Location: Sunny San Diego
Posts: 3,099
Thanks for the reply, Shadow woman. I think I will keep my account with Fidelity open, but since 100K of liquid cash usually has some other place it needs to be, I may well reduce the $$$ in the account when I need the funds elsewhere. The trade fees do look quite reasonable, so I might as well dabble in the stock market via Fidelity.
Oct 3, 2012, 1:14 pm
#677
Join Date: May 2010
Programs: AA, Marriott rewards, United, AA, Delta
Posts: 150
Thanks for the reply, Shadow woman. I think I will keep my account with Fidelity open, but since 100K of liquid cash usually has some other place it needs to be, I may well reduce the $$$ in the account when I need the funds elsewhere. The trade fees do look quite reasonable, so I might as well dabble in the stock market via Fidelity.
Oct 4, 2012, 3:41 pm
#678
Join Date: Jul 2012
Posts: 16
The bigger issue is a gift tax issue. When you open an account in their name and transfer the money, the money is theirs. There is a limit to how much you can give to each child per year, without having to file forms with the IRS. That limit is $13k lsat time I checked (Note, it's per person-person pair. So you can give child 1 $13k, and so can your spouse. And you both can give child 2 $13k, And Grandma can give both $13k, etc...)
As long as you would only be giving them $100k each (and you haven't done anything like this before) you wouldn't pay taxes now. But it would reduce the amount of your estate that would be free from estate taxes.
The second thing is that once you give them the money, it is theirs. You can take it back. They can do as they please with it. In a custodial account you can control it, but you have to use it for their benefit. (Though, there is no reason they can't pay for their food, day care, schooling, etc...). Plus, assets in their names will affect their ability to get financial aid for college much more than the same assets in your name. (Although, I'm guessing if you have $200k to move around for this, that might not be a big concern).
Finally, at least the Delta terms explicitly exclude custodial accounts.
As long as you would only be giving them $100k each (and you haven't done anything like this before) you wouldn't pay taxes now. But it would reduce the amount of your estate that would be free from estate taxes.
The second thing is that once you give them the money, it is theirs. You can take it back. They can do as they please with it. In a custodial account you can control it, but you have to use it for their benefit. (Though, there is no reason they can't pay for their food, day care, schooling, etc...). Plus, assets in their names will affect their ability to get financial aid for college much more than the same assets in your name. (Although, I'm guessing if you have $200k to move around for this, that might not be a big concern).
Finally, at least the Delta terms explicitly exclude custodial accounts.
Oct 4, 2012, 4:03 pm
#679
Join Date: Jul 2012
Posts: 16
6 Month Requirement
Based on the last few posts it appears they are more strictly enforcing the 6 month rule. This makes sense as many companies that offer these types of promotions don't think things through properly and take awhile to wake up to people gaming the system.
I'm going to leave the money in here for 6 months and then take it out then rinse repeat for next years holiday.
I'm going to leave the money in here for 6 months and then take it out then rinse repeat for next years holiday.
Oct 4, 2012, 8:59 pm
#680
Join Date: Jan 2006
Location: IAH, HOU
Programs: MileagePlus 1K, HHonors Diamond, Marriott Titanium/Lifetime Plat
Posts: 1,073
Based on the last few posts it appears they are more strictly enforcing the 6 month rule. This makes sense as many companies that offer these types of promotions don't think things through properly and take awhile to wake up to people gaming the system.
I'm going to leave the money in here for 6 months and then take it out then rinse repeat for next years holiday.
I'm going to leave the money in here for 6 months and then take it out then rinse repeat for next years holiday.
Oct 4, 2012, 10:07 pm
#681
Join Date: Sep 2010
Posts: 86
Oct 5, 2012, 6:37 am
#682
Join Date: Jan 2006
Location: IAH, HOU
Programs: MileagePlus 1K, HHonors Diamond, Marriott Titanium/Lifetime Plat
Posts: 1,073
In April 2011, I received both the AA and the Delta miles. Then, after about 2-3 months, I withdrew the money. I now registered for the UA promo and received an e-mail that I was not eligible for the promo. I called and was told that I am not eligible because I did not leave the money in there for six months or more the last time. I decided to make the $100K deposit anyway and take my chances. After I made the deposit, I used IM to chat with a rep who said that I needed to call Fido and have the promo manually added to my account. I did and the second time I called the promo was added to my account. No mention of any non-eligibility. In fact, the rep I chatted with sent me a PM which appeared in my Fido account mailbox confirming that the UA miles promo has been added to my account and I should receive them shortly. Go figure! Won't be taking my chances this time. Will leave the money there for six months!
Oct 5, 2012, 8:23 am
#683
Join Date: Oct 2004
Programs: DL Gold
Posts: 880
Do you get an email if you are eligible? (for existing accounts). Or just a ding email?
How long does the ding email usually take to arrive? I'm thinking I might hold off transferring any funds until I'm confident that I'm eligible.
How long does the ding email usually take to arrive? I'm thinking I might hold off transferring any funds until I'm confident that I'm eligible.
Oct 5, 2012, 8:38 am
#684
Join Date: Jan 2006
Location: IAH, HOU
Programs: MileagePlus 1K, HHonors Diamond, Marriott Titanium/Lifetime Plat
Posts: 1,073
I got the "ding" e-mail 2-3 days after I registered.
Oct 5, 2012, 3:38 pm
#685
Join Date: Sep 2010
Posts: 86
Thanks for sharing.
I received UA miles March 2012 and didnt leave my money for 6 months. Now I want to sign up for AA promotion and leave my money there trading, I hope I can get miles. What is the phone number you called that rep manually add the promo for you?
I received UA miles March 2012 and didnt leave my money for 6 months. Now I want to sign up for AA promotion and leave my money there trading, I hope I can get miles. What is the phone number you called that rep manually add the promo for you?
In April 2011, I received both the AA and the Delta miles. Then, after about 2-3 months, I withdrew the money. I now registered for the UA promo and received an e-mail that I was not eligible for the promo. I called and was told that I am not eligible because I did not leave the money in there for six months or more the last time. I decided to make the $100K deposit anyway and take my chances. After I made the deposit, I used IM to chat with a rep who said that I needed to call Fido and have the promo manually added to my account. I did and the second time I called the promo was added to my account. No mention of any non-eligibility. In fact, the rep I chatted with sent me a PM which appeared in my Fido account mailbox confirming that the UA miles promo has been added to my account and I should receive them shortly. Go figure! Won't be taking my chances this time. Will leave the money there for six months!
Oct 6, 2012, 10:48 am
#686
Join Date: Apr 2010
Posts: 257
They won't let you get another promo until 12 months have past. Try again in April 2013.
Oct 6, 2012, 11:01 am
#687
Join Date: Apr 2010
Posts: 257
Based on the last few posts it appears they are more strictly enforcing the 6 month rule. This makes sense as many companies that offer these types of promotions don't think things through properly and take awhile to wake up to people gaming the system.
I'm going to leave the money in here for 6 months and then take it out then rinse repeat for next years holiday.
I'm going to leave the money in here for 6 months and then take it out then rinse repeat for next years holiday.
I believe the 6 month enforcement will be subjective. I had to have Fidelity manually add the promotion to my account, and when they looked at my history they would have seen two bonuses received in 2011 and money going in and out. Yet, they still approved me for a new bonus in September. It could be because I have a retirement plan and Roth IRA with them.
Oct 6, 2012, 9:29 pm
#689
Join Date: Jan 2006
Location: IAH, HOU
Programs: MileagePlus 1K, HHonors Diamond, Marriott Titanium/Lifetime Plat
Posts: 1,073
As part of the chat session, I was told to call this number: 800-343-3548
Oct 7, 2012, 12:00 am
#690
Join Date: Oct 2007
Programs: Marriott, Radisson, AA, UA
Posts: 360
First, you didn't leave your money with them for 6 months for last promo.
Second, you can't sign up for new bonus after 12 months from the last one.
It will be tough to argue with them, unless you ask them nicely, hopefully they will manually give you the new bonus.