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]
Apr 28, 2012, 8:06 am
#46
Join Date: Jan 2000
Location: fort worth, texas
Posts: 946
Based on some of the recent anecdotal postings, I wonder if the best strategy is follows:
1. sign up for the airline offer
2. wait until the very last few days of the promotion to deposit funds
3. deposit the full amount (100k if available)
4. wait about a week for the (hopeful) automatic post of miles, or potentially call at that point to inquire why they haven't been received.
Now, this would require the full 100k, but since a) there are some reports of accounts freezing at churning, and b) some indication miles may be getting delayed (possibly until the end of the promo period), there seems no point in parking a large amount in immediately.
Of course, Fidelity could in theory take back the miles (which there hasn't been a report of yet), but other than that, doing it as above would fulfill the obligations, have near zero risk of freezing, and not tie up money potentially for months waiting for miles to post if Fidelity has now programmed a delay in giving out miles.
Hopefully we'll get some positive reports of churners who have recently started to make this strategy moot, but if not, this may be the best approach to avoid hassles and get miles.
1. sign up for the airline offer
2. wait until the very last few days of the promotion to deposit funds
3. deposit the full amount (100k if available)
4. wait about a week for the (hopeful) automatic post of miles, or potentially call at that point to inquire why they haven't been received.
Now, this would require the full 100k, but since a) there are some reports of accounts freezing at churning, and b) some indication miles may be getting delayed (possibly until the end of the promo period), there seems no point in parking a large amount in immediately.
Of course, Fidelity could in theory take back the miles (which there hasn't been a report of yet), but other than that, doing it as above would fulfill the obligations, have near zero risk of freezing, and not tie up money potentially for months waiting for miles to post if Fidelity has now programmed a delay in giving out miles.
Hopefully we'll get some positive reports of churners who have recently started to make this strategy moot, but if not, this may be the best approach to avoid hassles and get miles.
Apr 28, 2012, 1:49 pm
#47
Join Date: Mar 2011
Programs: SPG Gold, AA Gold
Posts: 356
Based on some of the recent anecdotal postings, I wonder if the best strategy is follows:
1. sign up for the airline offer
2. wait until the very last few days of the promotion to deposit funds
3. deposit the full amount (100k if available)
4. wait about a week for the (hopeful) automatic post of miles, or potentially call at that point to inquire why they haven't been received.
Now, this would require the full 100k, but since a) there are some reports of accounts freezing at churning, and b) some indication miles may be getting delayed (possibly until the end of the promo period), there seems no point in parking a large amount in immediately.
Of course, Fidelity could in theory take back the miles (which there hasn't been a report of yet), but other than that, doing it as above would fulfill the obligations, have near zero risk of freezing, and not tie up money potentially for months waiting for miles to post if Fidelity has now programmed a delay in giving out miles.
Hopefully we'll get some positive reports of churners who have recently started to make this strategy moot, but if not, this may be the best approach to avoid hassles and get miles.
1. sign up for the airline offer
2. wait until the very last few days of the promotion to deposit funds
3. deposit the full amount (100k if available)
4. wait about a week for the (hopeful) automatic post of miles, or potentially call at that point to inquire why they haven't been received.
Now, this would require the full 100k, but since a) there are some reports of accounts freezing at churning, and b) some indication miles may be getting delayed (possibly until the end of the promo period), there seems no point in parking a large amount in immediately.
Of course, Fidelity could in theory take back the miles (which there hasn't been a report of yet), but other than that, doing it as above would fulfill the obligations, have near zero risk of freezing, and not tie up money potentially for months waiting for miles to post if Fidelity has now programmed a delay in giving out miles.
Hopefully we'll get some positive reports of churners who have recently started to make this strategy moot, but if not, this may be the best approach to avoid hassles and get miles.
Apr 28, 2012, 10:45 pm
#48
Join Date: Oct 2002
Posts: 676
DAMN FIDELITY! Is cycling still possible?
I created an account just last week, my first $25k cleared on Wed and no miles deposited. Under the old system how long does it take for miles to post?
If Fidelity is cutting down on cycling, I'm never going to do business with those .......s again!
I created an account just last week, my first $25k cleared on Wed and no miles deposited. Under the old system how long does it take for miles to post?
If Fidelity is cutting down on cycling, I'm never going to do business with those .......s again!
Apr 29, 2012, 5:53 pm
#50
Join Date: Oct 2002
Posts: 676
Just got the 50K in my UA acct! Took approximately two weeks from date of funding $100K (no cycling) to the account. So, I guess it's not 6-8 weeks.
From reading the T&Cs, it looks like I have to park the entire amount in my account for a full six months. Wow!
From reading the T&Cs, it looks like I have to park the entire amount in my account for a full six months. Wow!
Last edited by Ducati; Apr 29, 2012 at 8:48 pm Reason: Specified FF program
Apr 29, 2012, 8:08 pm
#51
Join Date: Feb 2012
Posts: 994
so when u deposted, did it go into an investment, money market, stocks, etc? or u just left it there? will u leave it there for 6 months?
Apr 29, 2012, 8:20 pm
#52
Join Date: May 2011
Location: CT
Programs: HHonors Silver
Posts: 429
When did you sign up? UA or AA?
Apr 29, 2012, 8:47 pm
#53
Join Date: Oct 2002
Posts: 676
Brokerage cash acct. not sure if it accrues interest. Will probably move it to an interest bearing Fidelity acct. Will call fidelity tomorrow. I will certainly leave the money with Fidelity and abide by the T&Cs.
Apr 29, 2012, 9:03 pm
#55
Join Date: Feb 2012
Posts: 994
so w/ a brokerage cash account, u put in $100,000, you get out 100,000 six months later? Assuming 0.5%-1% interest rate if u were to put in a CD (optimistically), that'd be like not getting $500-1,000/year or $250-500 for 6 months in order to get 50,000 miles?
Apr 29, 2012, 9:15 pm
#56
Join Date: Oct 2002
Posts: 676
Yes, but I'm sure there are interest bearing accts I can put in with Fidelity. And, you have to consider income tax implications. Plus, <$0.01 per mile is a bargain and way better than credit cards along with the potential problems associated with them.
Apr 29, 2012, 9:22 pm
#57
Join Date: Feb 2012
Posts: 994
neat! let me know what interest bearing acount that looks good to you. i've very tempted at the moment.
Apr 30, 2012, 3:14 pm
#59
Join Date: Oct 2002
Posts: 676
Apr 30, 2012, 3:24 pm
#60
Join Date: Aug 2010
Location: LAS, MPL
Programs: DL Platinum, 1 MM
Posts: 1,321
After checking with Fido whether I can fund the account with stock I transferred $100K worth of stock into a new brokerage account (no cycling) - took about a week for the shares to move, they just showed up on Friday. Now I am waiting for my Delta miles to post, I'll keep you guys posted on the timing.