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AMeritrade and miles, How long ?
How long do you have to keep the account open to get these miles from ameritrade, i am thinking of investing some money buying some cds, i couldnt get info regarding the time for which account has tp be kept open.
thanks |
Originally Posted by ziqch
(Post 7456048)
How long do you have to keep the account open to get these miles from ameritrade,
For example: http://www.tdameritrade.com/offer/pa.../starwood.html Account must remain open with minimum funding for 9 months, or TD AMERITRADE may charge the account for the cost of the Starpoints. |
I bit on the Ameritrade offer for Starpoints. Wasn't really worth it. For one thing, it was a little tricky getting a decent rate for the invested funds. Their default rate is lousy. And, there is a $50 fee when you close the account. And, while I had the money at AT, they changed the commission on fund purchases and sales from $20 to $50 so it would now be quite costly to go in and out.
It is nice to get bonus miles. ^ But, maybe putting $25K into bonus miles is overkill? |
I have played Ameritrade's game three times so far and it has been worth it to me. Read the fine print, as mentioned agove re: how long to keep the money there and the account closure fee. I have moved money back and forth actually over the past couple of years and received 25,000 miles, XM satellite radio and 16 months of subscription, IPad Nano and Bose docking station. It takes a small amount of work but I transfer assets "in kind" from my main brokerage firm, then transfer most but not all back after the minimum time frame and wait for the next offer.
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I got in on the CO miles promotion that required the account to remain for 6 mos. The latest promo has it at 9 mos.
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