BIG MILES W/AMERICAN,DELTA & UNITED-FIDELITY
If you have a large amount of money available to invest or move from another investment firm, these are some great investment offers to earn you more miles/points in your “travel bank”.
Here are the top offers:
American:
Earn up to 50,000 miles
Offer expires September 30, 2012
https://scs.fidelity.com/other/offer…shtml?MSC=AA01
United:
Earn up to 50,000
Expires October 1, 2014
https://scs.fidelity.com/other/offer…shtml?MSC=UA01
Delta:
Earn up to 50,000 miles
https://scs.fidelity.com/other/offer…on_delta.shtml
Offer expires February 14, 2013
I personally have not done any of these offers because I don’t have the funds to play with. I know some do though. From what I’ve read on the subject, you may even receive bonus miles if you have an existing Fidelity account and deposit more money into it. Just call and talk to a representative regarding the promotions and ask if you could receive bonus miles for depositing X amount of funds.
Also, you can make several deposits that accumulate to the $50,000 to receive the maximum bonus. You can also transfer funds from another external non-Fidelity source. The terms and conditions indicate that you must keep the funding amount in the account for 6 months but fellow travelers report otherwise in the article listed below. If you are thinking of doing this deal, read these articles in their entirety. They have a great deal of info. Also, the comments too have useful information.
Also, you can make several deposits that accumulate to the $50,000 to receive the maximum bonus. You can also transfer funds from another external non-Fidelity source. The terms and conditions indicate that you must keep the funding amount in the account for 6 months but fellow travelers report otherwise in the article listed below. If you are thinking of doing this deal, read these articles in their entirety. They have a great deal of info. Also, the comments too have useful information.
Flyertalk thread
“The Points Guys” article
“FlightSpin” article
TERMS & CONDITIONS:
Before investing, consider the funds’ investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
- 1. Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with a marketing program that includes promotion of iShares® ETFs and certain commission waivers. Additional information about the sources, amounts, and terms of compensation is described in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.
- 2. $7.95 commission applies to online U.S. equity trades for Fidelity Brokerage Services LLC retail clients; other conditions may apply. See Fidelity.com/commissions for details.
Keep in mind, investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.Guidance provided by Fidelity is educational in nature, is not individualized, and is not intended to serve as the primary or sole basis for your investment or tax-planning decisions.ETFs may trade at a discount to their NAV and are subject to the market fluctuations of their underlying investments. ETFs are subject to management fees and other expenses.
Promotional Offer Rules:
Fidelity Investments is making this promotional offer available to certain individuals who open a retail Fidelity brokerage account and who meet the following eligibility requirements. This offer expires September 30, 2012, 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.
Only prospective customers who currently do not have a Fidelity retail account are eligible. This promotional offer is limited to one per household and per lifetime of the individual(s) named on the Fidelity Account.® Only individual or joint Fidelity Accounts are eligible. The promotion is not available for business accounts, trust 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); college investment trust accounts; 529 college savings plan accounts; annuities; Fidelity accounts managed by Strategic Advisers, Inc. (for example, Portfolio Advisory Services); and clients of registered investment advisors working with Fidelity Investments. Offer not valid for government officials, candidates for federal, state, or local office, or union officials or employees; non-U.S. residents or persons and members of their immediate families, and h
ouseholds affiliated with or employed by FINRA or its member firms; Fidelity or its affiliates; a securities exchange or its members, or the media. Public officials or candidates for office may be subject to state or local gift laws.
ouseholds affiliated with or employed by FINRA or its member firms; Fidelity or its affiliates; a securities exchange or its members, or the media. Public officials or candidates for office may be subject to state or local gift laws.
Other terms and conditions may apply.
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.). 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 such deposits result in the cumulative deposits in the account being at or above the next eligibility tier (up to a maximum of 50,000 miles). Initial and subsequent deposits must be made within 90 days of Fidelity Account®opening.
Fidelity Investments and American Airlines are not affiliated.
Fidelity Brokerage Services LLC, Member NYSE, SIPC
Please allow eight weeks from the opening and funding of the eligible account, with the qualifying dollar amount of assets, for American Airlines AAdvantage® miles to be credited to your AAdvantage® account.
American Airlines reserves the right to change the AAdvantage® program and its terms and conditions at any time without notice, and to end the AAdvantage® program with six months’ notice. Any such changes may affect your ability to use the awards or mileage credits that you have accumulated. Unless specified, AAdvantage® miles earned through this promotional offer do not count toward elite-status qualification or Million MilerSM status. American Airlines is not responsible for products or services offered by other participating companies. For complete details about the AAdvantage® program, visit www.aa.com/aadvantage.
AmericanAirlines, AAdvantage, and Million Miler are marks of American Airlines, Inc.
I have not done this either and will began to look into it. Questions like when funded with say $25,000 can I just let the $$ set for a week and withdraw/repeat and once the $100,000 is met, withdraw the final $25,000 and move on? Will there be any tax 1099 sent out? Thanks
Kevin according to the "FlightSpin" article this is what the blog writer and others have done and report receiving the miles very quickly. The terms and conditions do state that you need to keep the funded amount in the account for 6 months. Does't really seem to work though as they say also you'll receive the bonus miles within 8 weeks. As far as the 1099. I see no where in the Terms & Conditions that state you would receive a 1099 for the bonus. I would call and speak with Fidelity over the phone to clarify if they do that. I think it is just a crazy Citibank thing.
Thanks for highlighting all the important items. As you know most men don't read instructions or need directions. I have began setting up my first with AA and did call Fidelity and they are helping me. Next is Delta and then my wife has a different address so we will begin with her. Thanks again!
You are welcome! Keep me posted on how it goes. Love to hear your details. Enjoy your miles!