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Tanya
Tanya

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
Jared

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

roger
roger

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

sdlj
sdlj

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

TGRIFF
TGRIFF

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
bluecat

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

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

Chris
Chris

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

TGRIFF
TGRIFF

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

Davis
Davis

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

Bo knows
Bo knows

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

tribesman55
tribesman55

Haha truth

Frank
Frank

Too small of a balance, only worth considering for CC funding but hard pull makes it a no-go

CongestionCharge
CongestionCharge

Mildly Relevant: ENT Credit Union revamped their rewards and now offers 6% and 4% on the first $500 in checking and savings respectively

https://www.ent.com/personal/accounts/ent-extras/

scott
scott

To qualify for the higher dividends listed above, you must perform 5 monthly transactions on your Ent Extras Checking account.

AD
AD

Does ENT offer CC funding as well 😛

CongestionCharge
CongestionCharge

whoops, got earnings by account type backwards