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]
Jul 7, 2015, 10:23 am
#2176
formerly ffactoryxx
Join Date: Mar 2011
Posts: 179
So if I deposit $100K into Vanguard and buy Vanguard funds, it will cost me $75?
Jul 7, 2015, 10:15 pm
#2177
FlyerTalk Evangelist
Join Date: Sep 2005
Location: MN
Programs: Lots of programs, dirt on all of them!
Posts: 11,938
Jul 14, 2015, 8:01 pm
#2178
Join Date: Aug 2011
Posts: 866
Quick data point. I just got this bonus for the 5th year in a row, Delta each time. A few things I noticed this time.
I had to wait until it was 1-year from when I got the miles last, not rom when I made the last deposit.
My miles posted in 17 calendar days. As always they posted in 3 chunks even though I made a si Nile deposit.
I've pretty much never taken money out of my account. I've always deposited cash and I only invest it once. Otherwise it will just sit there until I retire or they stop the program and I see a reason to put it someplace else.
I had to wait until it was 1-year from when I got the miles last, not rom when I made the last deposit.
My miles posted in 17 calendar days. As always they posted in 3 chunks even though I made a si Nile deposit.
I've pretty much never taken money out of my account. I've always deposited cash and I only invest it once. Otherwise it will just sit there until I retire or they stop the program and I see a reason to put it someplace else.
Jul 16, 2015, 12:06 pm
#2179
Join Date: Feb 2013
Location: FLL
Programs: US CP, AA Plat, DL Silver, EY Gold, Kimpton IC, SPG Plat
Posts: 409
If the online form tells you an existing account isn't eligible, does anyone suggest opening a new account? Maybe closing the existing brokerage account entirely first?
I received the bonus once about two years ago.
I received the bonus once about two years ago.
Jul 29, 2015, 2:23 pm
#2181
Join Date: Jun 2014
Programs: marybethhebert
Posts: 19
not just about trust
OT, but the beneficiary still has to prove death of the owner to whoever is holding the assets.
Mostly I think this comes down to how you feel about a joint account with your spouse. If you don't trust him/her, then Transfer on Death is the way to go...unless you really distrust them.
Mostly I think this comes down to how you feel about a joint account with your spouse. If you don't trust him/her, then Transfer on Death is the way to go...unless you really distrust them.
No need to pile on the negative feedback--one half of you will get divorced and most of you don't expect to.
Jul 29, 2015, 5:47 pm
#2182
Join Date: Oct 2006
Posts: 433
I hate to sound cynical, but the divorce lawyer in me really cringes whenever I see someone "give" half their inheritance to their spouse. Very little is still separate property in the event of a divorce, but inheritances, if they are kept separate, are usually (in most states) your separate property.
No need to pile on the negative feedback--one half of you will get divorced and most of you don't expect to.
No need to pile on the negative feedback--one half of you will get divorced and most of you don't expect to.
Allot of guys in my courtroom never seen it coming.
Jul 30, 2015, 8:20 pm
#2183
Join Date: Aug 2006
Posts: 756
Don't think it will make a difference if new or existing acct as everything is linked by your name and SSN. Something is holding it up, perhaps it was an improper transaction a while back? Better to call CS and see if they can help you or sometimes waiting a few extra months and suddenly you will be eligible again.
Aug 2, 2015, 2:02 pm
#2184
Moderator: Travel Buzz
Join Date: Aug 2012
Location: Sunny San Diego
Posts: 3,099
I hate to sound cynical, but the divorce lawyer in me really cringes whenever I see someone "give" half their inheritance to their spouse. Very little is still separate property in the event of a divorce, but inheritances, if they are kept separate, are usually (in most states) your separate property.
No need to pile on the negative feedback--one half of you will get divorced and most of you don't expect to.
No need to pile on the negative feedback--one half of you will get divorced and most of you don't expect to.
Aug 3, 2015, 6:28 am
#2185
Join Date: Jun 2012
Location: NY
Posts: 733
My records say that I did a funds transfer to the Fidelity account on 8/19/2014.
I opened a new account this weekend and called Fidelity to find out if and when it would be eligible for the promo.
The CSR didn't really seem like he knew what he was doing, but he checked with someone else and told me "to go right ahead" now...less than 12 months after the funding (although possibly more than 12 months after opening).
I never withdrew the original funds,and these are new funds coming in (been a Fidelity client for 10+ yrs).
would you take his word? would you check it again?
I opened a new account this weekend and called Fidelity to find out if and when it would be eligible for the promo.
The CSR didn't really seem like he knew what he was doing, but he checked with someone else and told me "to go right ahead" now...less than 12 months after the funding (although possibly more than 12 months after opening).
I never withdrew the original funds,and these are new funds coming in (been a Fidelity client for 10+ yrs).
would you take his word? would you check it again?
Aug 3, 2015, 6:34 am
#2186
Join Date: Jul 2007
Location: Berlin
Programs: BA Gold; Accor Plat; IHG Diamond-Amb; Meliá & HH & Marriott Gold
Posts: 5,450
Aug 7, 2015, 5:48 am
#2188
Join Date: Jun 2012
Location: NY
Posts: 733
Thank you for your help, the email has arrived.
Two more questions.
I've been a Fidelity customer for 10+ years, and often use the brokerage account as a larger BillPay account.
I urgently need UA miles at this point.
I can fund the account with $100K, but I will need some of those funds to pay bills shortly.
If I fund the account, wait for miles to post, and use ~$30-40K for bills, will Fidelity claw the points back or blacklist me in some way?
What if I replentish them within 60 days?
What if I replentish them within 9 months?
And the second question - has anyone taken advantage of this promo by opening more accounts in their children's names?
Does Fidelity allow joint accounts with minors where the minor is the first name on the account, and do these accounts qualify for the promotion?
EDIT: Spoke to Fidelity. Minors cannot be joint owners. Only options are 529s and UGMAs, neither of which I am interested in, nor do they qualify for the promotion anyway.
None of these silly acrobatics would be necessary if Fidelity just had the same structure for miles promos as it does for its cash bonus promos.
Deposit Amount $50,000+ $100,000+ $250,000+ $500,000+ $1,000,000+
Deposit Bonus Earned $200 $300 $600 $1200 $2500
Transfer a mil, get 500K miles. Done.
Two more questions.
I've been a Fidelity customer for 10+ years, and often use the brokerage account as a larger BillPay account.
I urgently need UA miles at this point.
I can fund the account with $100K, but I will need some of those funds to pay bills shortly.
If I fund the account, wait for miles to post, and use ~$30-40K for bills, will Fidelity claw the points back or blacklist me in some way?
What if I replentish them within 60 days?
What if I replentish them within 9 months?
And the second question - has anyone taken advantage of this promo by opening more accounts in their children's names?
Does Fidelity allow joint accounts with minors where the minor is the first name on the account, and do these accounts qualify for the promotion?
EDIT: Spoke to Fidelity. Minors cannot be joint owners. Only options are 529s and UGMAs, neither of which I am interested in, nor do they qualify for the promotion anyway.
None of these silly acrobatics would be necessary if Fidelity just had the same structure for miles promos as it does for its cash bonus promos.
Deposit Amount $50,000+ $100,000+ $250,000+ $500,000+ $1,000,000+
Deposit Bonus Earned $200 $300 $600 $1200 $2500
Transfer a mil, get 500K miles. Done.
Last edited by stevento; Aug 7, 2015 at 6:27 am
Aug 10, 2015, 4:29 pm
#2189
Join Date: Feb 2015
Posts: 31
just adding data point signed up for this 7/25 and had an old fidelity account that was unfunded. It recognized the account and said it was eligible. Funded immediately and miles posted today in three separate transaction (8/10) to united
Aug 14, 2015, 7:29 am
#2190
Join Date: Jun 2012
Location: NY
Posts: 733
The status of my offer showed that the proper amount was funded, and was pending.
It now changed to
"There was a problem with your registration. Customer has exceeded maximum allowed rewards."
I called Fidelity. The rep is telling me this is not a Fidelity message, and that they told UA to grant the miles - so I should call UA. I know if I call UA, I will spend 2 hrs on the phone with clueless reps who will tell me to call Fidelity.
EDIT: I was typing this while on the phone. I asked for supervisor's help, who told me the reason my miles were not transferred was because I had received them already in Feb - which is true. I said that that's true, but I was told by 2 separate reps my account was eligible. Had I known it was not, I would not have transferred the money.
He was surprised that the system allowed me to apply for the offer. He did some digging, and apparently it was because my original funding account was changed to an advisor-managed account, so this was a brand new app. So, he said that since all the funds are in place, he will approve a new 50K miles transfer request.
so now the mystery is solved why I was apparently eligible for this offer again after 3-4 months. I don't know if it's a single glitch, or what - but if you change your original account to advisor-managed, you may be eligible again.
It now changed to
"There was a problem with your registration. Customer has exceeded maximum allowed rewards."
I called Fidelity. The rep is telling me this is not a Fidelity message, and that they told UA to grant the miles - so I should call UA. I know if I call UA, I will spend 2 hrs on the phone with clueless reps who will tell me to call Fidelity.
EDIT: I was typing this while on the phone. I asked for supervisor's help, who told me the reason my miles were not transferred was because I had received them already in Feb - which is true. I said that that's true, but I was told by 2 separate reps my account was eligible. Had I known it was not, I would not have transferred the money.
He was surprised that the system allowed me to apply for the offer. He did some digging, and apparently it was because my original funding account was changed to an advisor-managed account, so this was a brand new app. So, he said that since all the funds are in place, he will approve a new 50K miles transfer request.
so now the mystery is solved why I was apparently eligible for this offer again after 3-4 months. I don't know if it's a single glitch, or what - but if you change your original account to advisor-managed, you may be eligible again.
Last edited by stevento; Aug 14, 2015 at 7:54 am