Sweet! Bob and I just both earned 15k American Airline AAdvantage miles with Fidelity Investments accounts. We each opened new accounts, so we each got the bonus miles. If you already have a Fidelity Investments account you can still take advantage of this offer by putting new funds into the account. This promotion is available until March 2013 and has a variety of rules but if you have some money sitting around in a bank account not earning much interest, moving it to Fidelity Investments to get some airline miles is one option to put that money to work to get a free airline ticket. By the way, this promotion is also available for United MileagePlus miles.
Here’s the link to the American Airlines AAdvantage promotion:
American Airline AAdvantage Miles with Fidelity Investments Accounts
The MileagePlus offer expires October 1, 2014. Here’s the link to the United MileagePlus promotion:
United Airlines MileagePlus Miles with Fidelity Investments Accounts
Small Print Details:
- Offer is only good until March 2013 for the American Airlines AAdvantage program and October 2014 for the United MileagePlus program.
- Offer is only available to new or existing Fidelity brokerage account customers opening or depositing new assets into a joint or individual non-retirement Fidelity Account.
- Promotional offers are limited to one per individual per rolling 12 months. The current offer is due to expire but if you have taken advantage of this offer in the past, you can most likely do it again for more miles. Bob and I opened a joint account to take advantage of this offer in early September 2011. We took the money out of the account in March 2012 and we were allowed to open new individual accounts in September 2012 to take advantage of the offer again.
- Allow 8 weeks for the miles to post after you open the account and deposit the funds. However, both Bob and I got our miles within 1 week of making the deposits.
- There are more small print details so please read the actual website offer very carefully before deciding to take advantage of this offer.
Strategy to Get More Miles
If you have a spouse, consider opening separate accounts if you have enough money. For example, we had $50,000 in a standard bank savings account so we decided to open 2 Fidelity accounts with $25k each to get 15k miles each for a total of 30k miles, rather than putting the money in 1 Fidelity account to get 25k miles. By opening 2 accounts we were up 5k miles.
Bob and I are focused on earning AAdvantage miles at this point in time but we could easily take advantage of the United Airlines MileagePlus offer next year before it expires by closing out our current Fidelity accounts and opening new ones as we just did the second time for the additional AAdvantage miles.