[Targeted] Get Up To 50,000 Miles For Adding $15-$100k In Funds To Your Fidelity Account

The Offer

No direct link as this is a targeted offer

• Earn airline miles for adding funds to an existing non-retirement Fidelity account, or creating a new account and adding funds to this account. You can choose to receive: United, Delta or American Airline miles.
  • Deposit $25,000+, receive 15,000 miles
  • Deposit $50,000+, receive 25,000 miles
  • Deposit $100,000+, receive 50,000 miles

 

The Fine Print

• Offer expires August 31st, 2014 but is regular re-extended
• Only new money is counted, e.g transfers from existing Fidelity accounts into a new account will not trigger the bonus
• Cannot be combined with any other Fidelity offer
• Promotional offers are limited to one individual per rolling 12 month period
• Funds must be added within 60 days of registering
• Account holders must maintain the minimum qualifying balance amount (minus trading loses) at Fidelity for nine months from the date on which the award is received
• The following accounts are not eligible for this promotion:

• Business accounts
• Trust accounts
• Mutual fund only accounts
• Retirement accounts
• Fiduciary accounts
• 529 college savings plan account
• Fidelity accounts managed by Strategic Advisers, Inc.
• Institutional Wealth Services (IWS) clients
• Clients of registered investment advisors working with Fidelity Investments
• Annuities
•  Stock Plan Services accounts

Our Verdict

Honestly messing around with this amount of money is not worth it for some airline miles, you can easily earn 50,000 miles with one credit card sign up bonus. I’d only recommend this and similar offers to people who were already planning on depositing funds with Fidelity to begin with.

We believe this is a targeted offer due to some of the fine print:

This offer expires August 31, 2014, and it is not transferable

Usually only targeted offers contains this non transferable language. That said some people are still reporting receiving this bonus without receiving any targeted communication

There used to be some loopholes (e.g cycling money) which made this deal exploitable, Fidelity has since closed these. Personally I’m not a huge fan of Fidelity, I prefer Vanguard for my low fee mutual funds and as such I won’t be participating in this offer. It’s also worth noting that they offer a heap of other bonuses, which you might find preferable to airline miles which can be found here.

Are people interested in coverage of these brokerage bonuses? Let me know in the comments if you’d like more coverage on them.