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THG (@guest_1310116)
January 6, 2022 10:06

As addl datapoint to below, just opened new account for P2 and funded with CIBP. Ignite account was opened/approved one day after applying. Funding on CIBP counted as purchase. This continues to be a great account for funding and keeping open for interest (though hard pull sucks).

CK9 (@guest_1154648)
March 5, 2021 13:29

NOT chex-sensitive (please update the post). But they need the copy of Social Security Card to open the account (it is a requirement). If you are not comfortable uploading a copy of the SS card, do not apply. They also need the proof of UOAA Membership (and DL as usual).

Tanya (@guest_1009098)
July 3, 2020 10:00

I noticed today that my application for ignite savings actually opened a primary savings account with much lower interest rate, so if you are wanting the 5% on 500, you might want to double-check your account. I opened a new account which asked me to fund from an existing account (no CC this time) and transferred the money into an Ignite Savings account.

Jared (@guest_991995)
June 3, 2020 19:28

Anyone know if it’s a hardpull if you’re already a member. I joined in december for the other deal

roger (@guest_968427)
April 30, 2020 15:54

Citi Double Cash Card went through with no problem. However US Bank BusLeverage Card rejected

sdlj (@guest_965660)
April 27, 2020 10:09

Funded account with 5k with Chase IHG. Posted as a purchase after 2 days.

TGRIFF (@guest_961628)
April 21, 2020 18:09

 Don L Don– how long did it take for them to approve your application for the savings account? I applied on Saturday but still no approval and cc hasn’t been charged with the funding amount.

bluecat (@guest_958539)
April 16, 2020 20:38

I joined them for their awesome credit card deal from early in the year. So I called them up about this promo and here’s what I found. If anyone has contrary info, I’d be very keen to learn it:
1) It’s a separate savings account from your membership savings account. This is a plus if you want to fund it with a credit card because you can fund both.
2) If you already have an account, though, they *say* will not let you fund it over the phone or via the web. You must go into an office. (Weird, in these Covid-19 times)
3) That said, I checked their website and it appears to take a card for funding, so maybe it would get rejected later down the line or maybe the rep was incorrect

Does anyone know the answer to this?: I seem to recall that some credit cards have explicit language in their sign-up bonuses that disallow “cash-like” purchases. (Gift Cards are the obvious target.) But maybe funding a credit union is also disallowed?? Does anyone know?

John Connor
John Connor (@guest_962494)
April 22, 2020 17:58

It works from my experience. I used Paypal Mastercard for 2%, and it coded as a purchase and went through without a problem.

Chris (@guest_968243)
April 30, 2020 11:45

Good to know since that’s the card I would use.

TGRIFF (@guest_965392)
April 26, 2020 22:41

bluecat @bluecat … regarding point #2, did you end up signing up online and try funding? Hoping you can provide a datapoint.

Davis (@guest_958417)
April 16, 2020 17:29

So with a $55 entrance fee, it’ll take 759 days to start profiting if you only invest $500 and 236 days if you only invest $2500. Compared to an Elements account with 2.1% interest, it’ll take 625 days for this account to profit more if you invest $2500. That’s a long time for these rates to stay the same. I’ll pass

TGRIFF (@guest_961627)
April 21, 2020 18:09

Don– how long did it take for them to approve your application for the savings account? I applied on Saturday but still no approval and cc hasn’t been charged with the funding amount.

TGRIFF (@guest_963096)
April 23, 2020 12:50

 Don L Thank you! As a data point for others, it took 4 business days for them to approve my ignite savings account application. Pretty great opportunity here for credit card funding of a savings account.

Bo knows
Bo knows (@guest_958370)
April 16, 2020 16:06

up to $500? they should set it to be up to $5

tribesman55 (@guest_958439)
April 16, 2020 18:02

Haha truth