AMeritrade and miles, How long ?
Mar 23, 2007 | 9:35 am
#1
Original Poster
Join Date: Dec 2006
Location: IND
Programs: AA Plat Pro
Posts: 425
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
thanks
Mar 23, 2007 | 10:02 am
#2
Join Date: Jul 1999
Location: Land of 10,000 Upgrades
Posts: 9,459
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.
Mar 24, 2007 | 5:55 pm
#3
In memoriam
Join Date: Jan 2006
Posts: 4,020
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?
It is nice to get bonus miles. ^ But, maybe putting $25K into bonus miles is overkill?
Mar 24, 2007 | 11:07 pm
#4
FlyerTalk Evangelist
Join Date: Sep 2005
Location: MN
Programs: Lots of programs, dirt on all of them!
Posts: 11,943
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.