Fidelity To Possibly End 50,000 Mile Brokerage Bonuses

For some time Fidelity has offered brokerage bonuses of up to 50,000 miles with American Airlines, United Airlines & Delta Airlines. The bonuses are tiered as follows:

  • Deposit $25,000+ & receive 15,000 miles
  • Deposit $50,000+ & receive 25,000 miles
  • Deposit $100,000+ & receive 50,000 miles

Reader UAPhil recently went into a branch to sign up for one of these offers and was told that these offers will no longer be available from March onwards. It’s entirely possible that the person he spoke to was misinformed or putting time pressure on (although that’s unlikely as he was already signing up). I know some people love these offers, so thought this was worth sharing.

fidelity airline miles dead

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23 Comments
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Sebastian
Sebastian (@guest_405005)
May 11, 2017 13:26

FYI it is indeed dead right now. I’m looking to move over funds and chatted with someone, but it’s not available.

Diamond Vargas
Diamond Vargas (@guest_381372)
April 1, 2017 11:20

Links dead

Nun
Nun (@guest_375186)
March 22, 2017 20:37

The offers expire and get replaced periodically. Maybe Gary knows best here but I would normally say the expiration date is an ordinary occurance.

See
See (@guest_374803)
March 22, 2017 08:21

Any data points on if the value of the miles received are taxable?

Elliot
Elliot (@guest_376248)
March 24, 2017 15:04

I’ve never received a 1099 from them for the value of the miles.

DSK
DSK (@guest_374489)
March 21, 2017 19:50

Here’s a data point. Just signed up today (first day I could since I did it last year (and the year before). Rep told me this was definitely going away at the end of March for United, Delta and American in order to “simplify Fidelity’s promotions”.

Alan
Alan (@guest_373598)
March 20, 2017 15:55

I already have my 401k and a roll-over IRA account with Fidelity. Opening this new brokerage account was instant and a breeze for existing customers. Thanks for the tip, just opened one now.

J.
J. (@guest_373063)
March 19, 2017 19:59

4.95 trades mean cuts somewhere.

lastlad
lastlad (@guest_373001)
March 19, 2017 17:30

Don’t transfer cash for this bonus since they allow in-kind transfers of stocks, bonds, and mutual funds. Instead, transfer low-cost index funds like VTSAX so you can earn money while you wait out the required nine months.

NotJames
NotJames (@guest_373157)
March 20, 2017 00:22

+1. If you can, just move 100K of your existing stocks and bonds over. They also offer CD’s, but you’ll lose a little cash because they act as a middle man and take a cut of the points.

anne
anne (@guest_374176)
March 21, 2017 11:17

Don”t you have to pay fees to move your stock from another brokerage to fidelity? I have almost 100K in stocks at CapitalOne Investing, so this may be an option. TIA.

NotJames
NotJames (@guest_374179)
March 21, 2017 11:20

I’ve always had the “receiving” brokerage house cover the costs of any fees that the “sending” brokerage house might impose. Just ask them to do this before you move the securities/funds.

Gary Steiger - FreeFrequentFlyerMiles.com
March 19, 2017 16:38

All three offers listed by Fidelity have been changed to say “This offer expires March 31, 2017”. Since this a change from later dates, it appears to be deliberate. Sad loss of a great opportunity.

Ian
Ian (@guest_373008)
March 19, 2017 17:41

What were the dates prior to today? Historically, the 3 airline miles bonus offers with Fidelity expired at the end of each quarter. It’ll be sad if it goes away; the same way TD Ameritrade had bonus offers with Delta, United (and Continental), US Airways, American, Amtrak, and Starwood (2012).

SJ
SJ (@guest_372935)
March 19, 2017 14:26

The bank person might have meant the current offer expires on March 31. I believe the offer gets renewed every year for an year.