Bank/brokerage promo thread

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RWS
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Re: Bank/brokerage promo thread

Postby RWS » Wed Sep 28, 2016 7:36 pm

I'm a Chase card customer, the $500 promo is still active, at least for existing customers, until Nov 15. $300 for opening checking account with direct deposit, $200 for opening savings with 15,000 balance.[/quote]
You mean an existing Chase credit card customer without a Chase savings account can earn $200? Or an existing Chase savings customer can open a second savings account and earn $200?[/quote]


Existing card customer without savings accounts


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CarefulBuilder14
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Re: Bank/brokerage promo thread

Postby CarefulBuilder14 » Wed Sep 28, 2016 10:59 pm

Re: Existing card customer without savings accounts

That's what I expected. Maybe I'll leave Chase sometime and then come back.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

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Re: Bank/brokerage promo thread

Postby RWS » Fri Sep 30, 2016 2:28 pm

You mean an existing Chase credit card customer without a Chase savings account can earn $200? Or an existing Chase savings customer can open a second savings account and earn $200?[/quote]


Yes, existing Chase card customers without existing savings or checking accounts can earn the bonuses.

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CarefulBuilder14
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Re: Bank/brokerage promo thread

Postby CarefulBuilder14 » Wed Oct 26, 2016 1:38 pm

Is anyone aware of anything for BofA checking/savings? Maybe a few hundred bucks for a commitment of $20k or less? I may be opening one soon for unrelated convenience.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

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CarefulBuilder14
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Re: Bank/brokerage promo thread

Postby CarefulBuilder14 » Sat Nov 12, 2016 2:02 pm

My Fidelity claw-back period has expired, so I can move investments away from there. I'm now considering one-year cash promos at Scottrade and Capital One Investing. Maybe I'll move some Fidelity funds to Schwab, sign up for a Fidelity promo in early 2017, and then move them back.

So many brokerages are eager for my non-business. :)
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

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Re: Bank/brokerage promo thread

Postby CarefulBuilder14 » Fri Nov 18, 2016 5:03 pm

Not going with Capital One

Doing Fidelity to Schwab to Fidelity for Delta miles
Also doing Fidelity to Scottrade for cash and free trades
Also closing a small no-promo account to consolidate a bit

Still looking for a BofA checking promo...or a Discover checking one.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

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CarefulBuilder14
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Re: Bank/brokerage promo thread

Postby CarefulBuilder14 » Sat Nov 19, 2016 2:11 am

I'm switching from Chase to Discover for my everyday checking account. I'll still have Citi (MC) and Schwab (Visa) for any occasions when I need to use debit but the merchant doesn't take Discover. I still plan to close Citi eventually (but not necessarily right after I get the bonus).

My practice of having cards with just a few issuers makes this actually fairly easy. I must confess I got hit with a $12 low balance fee on my Chase checking account. I may ask them to waive it...but I just don't see myself keeping it, even if they do. There's no point in having any account right now that isn't giving me (or has recently given me) any sort of incentive to open or keep it.

Maybe I'll go back to Chase when they run a promotion for "new" customers. I think Discover checking will be around for a while as my bill-paying account. It will be nice to have my main checking account easily linked to a savings account with a comparatively high yield. I can have fewer dollars sitting doing nothing.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

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Re: Bank/brokerage promo thread

Postby TXviking » Mon Nov 28, 2016 12:13 am

So is Fidelity basically the best option if I want to try my hand at investing $15K-$25K? Or are there better offers out there I should look at as of now (November 2016)?

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Re: Bank/brokerage promo thread

Postby CarefulBuilder14 » Mon Nov 28, 2016 1:22 am

TXviking wrote:So is Fidelity basically the best option if I want to try my hand at investing $15K-$25K? Or are there better offers out there I should look at as of now (November 2016)?


Fidelity: https://rewards.fidelity.com/offers/aa? ... e=alliance
You can replace "aa" in the link above with "united" or "delta". Minimum is $25k for $15k miles. I like the website. They also do cash and free trades promotions, but I think the minimum is $50k for those.

Scottrade: https://www.scottrade.com/lp/thatmoment/index.html $10k gets 50 trades. $25k gets 50 trades and $100. The trades expire within a few months. I'm not a big fan of the website, but I'll take their money.

e*trade came as an email offer, but you might be able to find some link. $25k would get $200. I've really not tried to use it much, I just have index ETFs sitting there.

The TD Ameritrade offer I used has expired, but there was a $50k floor on that, anyway.

Schwab (new customers only): http://www.schwab.com/public/schwab/nn/ ... award.html $10k gets $100. $25k gets $200.

I'd go with the Fidelity AA/Delta/United offer if you can reach the full $25k. Fidelity is one of the few brokerages that doesn't charge a fee if you want to later close the account. Schwab does charge some sort of fee for even partial transfers, and I think a few others do, too. Factor those costs in when considering promotions.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

TXviking
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Re: Bank/brokerage promo thread

Postby TXviking » Mon Nov 28, 2016 1:53 am

CarefulBuilder14 wrote:
TXviking wrote:So is Fidelity basically the best option if I want to try my hand at investing $15K-$25K? Or are there better offers out there I should look at as of now (November 2016)?


Fidelity: https://rewards.fidelity.com/offers/aa? ... e=alliance
You can replace "aa" in the link above with "united" or "delta". Minimum is $25k for $15k miles. I like the website. They also do cash and free trades promotions, but I think the minimum is $50k for those.

Scottrade: https://www.scottrade.com/lp/thatmoment/index.html $10k gets 50 trades. $25k gets 50 trades and $100. The trades expire within a few months. I'm not a big fan of the website, but I'll take their money.

e*trade came as an email offer, but you might be able to find some link. $25k would get $200. I've really not tried to use it much, I just have index ETFs sitting there.

The TD Ameritrade offer I used has expired, but there was a $50k floor on that, anyway.

Schwab (new customers only): http://www.schwab.com/public/schwab/nn/ ... award.html $10k gets $100. $25k gets $200.

I'd go with the Fidelity AA/Delta/United offer if you can reach the full $25k. Fidelity is one of the few brokerages that doesn't charge a fee if you want to later close the account. Schwab does charge some sort of fee for even partial transfers, and I think a few others do, too. Factor those costs in when considering promotions.


Thanks. I can reach the full $25K with Fidelity; however, I don't really want to put all of the $25K "at risk" -- I am very new to investing and would like to start off with smaller amounts. Perhaps this is a naïve newbie question, but is it possible to put $25K into a Fidelity account and let part of it just "sit" there rather than being invested in any particular stock, kind of like a non-interest-bearing bank account?



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