Average Monthly Points
Jan 25, 2013 | 8:37 am
#46
Join Date: Apr 2006
Posts: 1,259
Jan 25, 2013 | 9:33 am
#47
Original Poster
Join Date: Mar 2012
Posts: 350
While mine is bigger than yours threads are generally pretty silly, this one has been very enlightening, thanks to all. I never did the mint and thus far Ive not yet done prepaid/reload cards. As such, my manufactured spend is a whopping 108 
(one hundred and eight, not a typo) miles per month from Audience Rewards Trivia (12 miles per cycle x 3 programs x 3 times per month). Reads like I should get familiar with the OD and CVS and WG stores in my area ... and blue is my favorite color! Thanks again.
(one hundred and eight, not a typo) miles per month from Audience Rewards Trivia (12 miles per cycle x 3 programs x 3 times per month). Reads like I should get familiar with the OD and CVS and WG stores in my area ... and blue is my favorite color! Thanks again.
Jan 25, 2013 | 10:17 am
#49
Join Date: Sep 2012
Location: Florida
Posts: 448
). Not counting the initial sign up offer, you get 100 AA miles per $1000 in their checking account.That means to get 20k AA miles/month someone has to have $200,000 sitting in a checking account. Lets say those are worth 2 cpm, that's a value of $400/month. Now lets say they get redeemed for business class, that's probably closer to 4-5 cpm(? just a guess as I haven't had the luxury of redeeming for biz/1st) so they are getting a value of $800-1000/month. If you were to park 200k in some retirement/investment account that gets 5% return (doesn't seem unreasonable to me), your value would be $10,000/month.
Why is anyone parking 200k in a checking account? I love to travel, but it just doesn't seem like the smartest way to stash your money.
Jan 25, 2013 | 10:22 am
#50
Join Date: Jul 2012
Location: Madison, WI
Programs: Hyatt Globalist
Posts: 973
I'm also curious about this (and I have investigated a little on Google ). Not counting the initial sign up offer, you get 100 AA miles per $1000 in their checking account.
That means to get 20k AA miles/month someone has to have $200,000 sitting in a checking account. Lets say those are worth 2 cpm, that's a value of $400/month. Now lets say they get redeemed for business class, that's probably closer to 4-5 cpm(? just a guess as I haven't had the luxury of redeeming for biz/1st) so they are getting a value of $800-1000/month. If you were to park 200k in some retirement/investment account that gets 5% return (doesn't seem unreasonable to me), your value would be $10,000/month.
Why is anyone parking 200k in a checking account? I love to travel, but it just doesn't seem like the smartest way to stash your money.
). Not counting the initial sign up offer, you get 100 AA miles per $1000 in their checking account.That means to get 20k AA miles/month someone has to have $200,000 sitting in a checking account. Lets say those are worth 2 cpm, that's a value of $400/month. Now lets say they get redeemed for business class, that's probably closer to 4-5 cpm(? just a guess as I haven't had the luxury of redeeming for biz/1st) so they are getting a value of $800-1000/month. If you were to park 200k in some retirement/investment account that gets 5% return (doesn't seem unreasonable to me), your value would be $10,000/month.
Why is anyone parking 200k in a checking account? I love to travel, but it just doesn't seem like the smartest way to stash your money.
Jan 25, 2013 | 10:22 am
#51
Suspended
Join Date: May 2010
Posts: 2,998
I'm also curious about this (and I have investigated a little on Google ). Not counting the initial sign up offer, you get 100 AA miles per $1000 in their checking account.
That means to get 20k AA miles/month someone has to have $200,000 sitting in a checking account. Lets say those are worth 2 cpm, that's a value of $400/month. Now lets say they get redeemed for business class, that's probably closer to 4-5 cpm(? just a guess as I haven't had the luxury of redeeming for biz/1st) so they are getting a value of $800-1000/month. If you were to park 200k in some retirement/investment account that gets 5% return (doesn't seem unreasonable to me), your value would be $10,000/month.
). Not counting the initial sign up offer, you get 100 AA miles per $1000 in their checking account.That means to get 20k AA miles/month someone has to have $200,000 sitting in a checking account. Lets say those are worth 2 cpm, that's a value of $400/month. Now lets say they get redeemed for business class, that's probably closer to 4-5 cpm(? just a guess as I haven't had the luxury of redeeming for biz/1st) so they are getting a value of $800-1000/month. If you were to park 200k in some retirement/investment account that gets 5% return (doesn't seem unreasonable to me), your value would be $10,000/month.
Jan 25, 2013 | 10:24 am
#52
Suspended
Join Date: Jul 2011
Posts: 129
I'm also curious about this (and I have investigated a little on Google ). Not counting the initial sign up offer, you get 100 AA miles per $1000 in their checking account.
That means to get 20k AA miles/month someone has to have $200,000 sitting in a checking account. Lets say those are worth 2 cpm, that's a value of $400/month. Now lets say they get redeemed for business class, that's probably closer to 4-5 cpm(? just a guess as I haven't had the luxury of redeeming for biz/1st) so they are getting a value of $800-1000/month. If you were to park 200k in some retirement/investment account that gets 5% return (doesn't seem unreasonable to me), your value would be $10,000/month.
Why is anyone parking 200k in a checking account? I love to travel, but it just doesn't seem like the smartest way to stash your money.
). Not counting the initial sign up offer, you get 100 AA miles per $1000 in their checking account.That means to get 20k AA miles/month someone has to have $200,000 sitting in a checking account. Lets say those are worth 2 cpm, that's a value of $400/month. Now lets say they get redeemed for business class, that's probably closer to 4-5 cpm(? just a guess as I haven't had the luxury of redeeming for biz/1st) so they are getting a value of $800-1000/month. If you were to park 200k in some retirement/investment account that gets 5% return (doesn't seem unreasonable to me), your value would be $10,000/month.
Why is anyone parking 200k in a checking account? I love to travel, but it just doesn't seem like the smartest way to stash your money.
In today's low interest environment, 240k AA miles at 2 cents a mile is worth approx 5K. That's a 2.5% return and higher if used wisely on premium travel.Not bad if you ask me...
Jan 25, 2013 | 10:25 am
#53
Join Date: Aug 2010
Location: LAS, MPL
Programs: DL Platinum, 1 MM
Posts: 1,405
I'm also curious about this (and I have investigated a little on Google ). Not counting the initial sign up offer, you get 100 AA miles per $1000 in their checking account.
That means to get 20k AA miles/month someone has to have $200,000 sitting in a checking account. Lets say those are worth 2 cpm, that's a value of $400/month. Now lets say they get redeemed for business class, that's probably closer to 4-5 cpm(? just a guess as I haven't had the luxury of redeeming for biz/1st) so they are getting a value of $800-1000/month. If you were to park 200k in some retirement/investment account that gets 5% return (doesn't seem unreasonable to me), your value would be $10,000/month.
Why is anyone parking 200k in a checking account? I love to travel, but it just doesn't seem like the smartest way to stash your money.
). Not counting the initial sign up offer, you get 100 AA miles per $1000 in their checking account.That means to get 20k AA miles/month someone has to have $200,000 sitting in a checking account. Lets say those are worth 2 cpm, that's a value of $400/month. Now lets say they get redeemed for business class, that's probably closer to 4-5 cpm(? just a guess as I haven't had the luxury of redeeming for biz/1st) so they are getting a value of $800-1000/month. If you were to park 200k in some retirement/investment account that gets 5% return (doesn't seem unreasonable to me), your value would be $10,000/month.
Why is anyone parking 200k in a checking account? I love to travel, but it just doesn't seem like the smartest way to stash your money.
Jan 25, 2013 | 10:26 am
#54
Join Date: Jul 2004
Location: MCO
Programs: AA 1MM, BA, UA, HH Dia, CC Gold, SPG Plat
Posts: 795
Jan 25, 2013 | 10:28 am
#55
Join Date: Dec 2009
Location: Los Angeles
Programs: You Know Me... I Do Everything.
Posts: 1,482
Why does this thread exist? Is the need to brag or engage in a "I'll show you mine if you show me yours" so urgent? Whatever momentary pleasure may exist in that, I can't help but wonder how this thread reads to a Cardinal or marketing analyst looking for ways to devalue, whether now or any time in the future since FT threads live on and on...
Jan 25, 2013 | 10:32 am
#56
Join Date: Dec 2009
Location: Los Angeles
Programs: You Know Me... I Do Everything.
Posts: 1,482
I'm also curious about this (and I have investigated a little on Google ). Not counting the initial sign up offer, you get 100 AA miles per $1000 in their checking account.
That means to get 20k AA miles/month someone has to have $200,000 sitting in a checking account. Lets say those are worth 2 cpm, that's a value of $400/month. Now lets say they get redeemed for business class, that's probably closer to 4-5 cpm(? just a guess as I haven't had the luxury of redeeming for biz/1st) so they are getting a value of $800-1000/month. If you were to park 200k in some retirement/investment account that gets 5% return (doesn't seem unreasonable to me), your value would be $10,000/month.
Why is anyone parking 200k in a checking account? I love to travel, but it just doesn't seem like the smartest way to stash your money.
). Not counting the initial sign up offer, you get 100 AA miles per $1000 in their checking account.That means to get 20k AA miles/month someone has to have $200,000 sitting in a checking account. Lets say those are worth 2 cpm, that's a value of $400/month. Now lets say they get redeemed for business class, that's probably closer to 4-5 cpm(? just a guess as I haven't had the luxury of redeeming for biz/1st) so they are getting a value of $800-1000/month. If you were to park 200k in some retirement/investment account that gets 5% return (doesn't seem unreasonable to me), your value would be $10,000/month.
Why is anyone parking 200k in a checking account? I love to travel, but it just doesn't seem like the smartest way to stash your money.
To me, AA miles are worth about 2.5 cents each. x 20k per month, so thats like getting $500, every month. And you can imagine what taxes I get hit with living in the Socialist Republic of California if I had them in a checking account or wherever else that I'd be 1099'd
Its a better return than anywhere else I can think of, while keeping these funds 100% liquid and FDIC insured.
Jan 25, 2013 | 10:39 am
#57
Join Date: Jul 2011
Posts: 440
I park 200k in the BD checking account because I get 20k miles a month, tax free (everyone please do their own analysis, etc, dont depend on anything I say regarding taxation).
To me, AA miles are worth about 2.5 cents each. x 20k per month, so thats like getting $500, every month. And you can imagine what taxes I get hit with living in the Socialist Republic of California if I had them in a checking account or wherever else that I'd be 1099'd
Its a better return than anywhere else I can think of, while keeping these funds 100% liquid and FDIC insured.
To me, AA miles are worth about 2.5 cents each. x 20k per month, so thats like getting $500, every month. And you can imagine what taxes I get hit with living in the Socialist Republic of California if I had them in a checking account or wherever else that I'd be 1099'd
Its a better return than anywhere else I can think of, while keeping these funds 100% liquid and FDIC insured.
Jan 25, 2013 | 10:53 am
#58
Join Date: Oct 2011
Location: North Carolina
Posts: 613
"...Earn 1000 miles for opening a Mileage Checking Account.
Earn 10,000 miles for signing up for payroll direct deposit into a Mileage Checking Account.
Earn 5,000 miles for using BankDirect's bill pay service for 12 months.
Earn 100 miles per month for every $1000.00 of the collected balance in your Mileage Checking Account up to the first $200,000. Earn an additional 25 miles per $1,000 in balances over $200,000, WITH NO CAP!"
In other words, to earn 20k per month, you need $200,000!
It is somewhat cumbersome to open an account and there is a $12 per month charge which was free until Jan of 2012.
Obviously, not for everyone.
Jan 25, 2013 | 11:22 am
#59
Join Date: Sep 2012
Location: Florida
Posts: 448
'You all are correct. About $800/month value at least if using for Biz/1st. Makes significantly more sense to me now.
Now I just need to work on saving up 200k to finance my AA travels! Thanks for the corrections guys & gals.
Jan 25, 2013 | 11:56 am
#60
Join Date: May 2010
Location: BNA
Programs: No preference
Posts: 1,177
Why get a 5% return that must be used for miles when you can get that elsewhere as cash that can be used anywhere?
Hey, I signed up for DirecTV this month and got 15k AA miles. I'm a heavy hitter! Now to start a blog.
Hey, I signed up for DirecTV this month and got 15k AA miles. I'm a heavy hitter! Now to start a blog.