Fidelity: $500 Apple gift card with $300k new money deposit (or $100/75k $300/150k)

I am surprised this hasn't been on FWF earlier - you can use a current non-retirement account to fund for the promotion. Need to register first, keep the money in the account for 9 months. I received my gift card in 3 weeks.

https://scs.fidelity.com/other/offers/registration_tieredapplegi...

For a limited time only, earn an Apple® Gift Card valued up to $500 when you open and fund a nonretirement brokerage account or add new money to an existing one.
Deposit Amount $75,000+ $150,000+ $300,000+
Value Earned $100 $300 $500

FT reports that the bonus stacks with the UA/AA/DL mile bonuses (ie pick one mile bonus, and the Apple bonus). They also report that the funding used to be churnable, but now, it might not be.

This works for funds moved into existing accounts. You can do this every 12 months.

thanks OP

Apple Gift Card

centrifuge41 said:   FT reports that the bonus stacks with the UA/AA/DL mile bonuses (ie pick one mile bonus, and the Apple bonus). They also report that the funding used to be churnable, but now, it might not be.
This works for funds moved into existing accounts. You can do this every 12 months.

Reportedly stacking of the bonus miles AND apple GC doesn't work anymore... Since april, bonuses are limited to one promotion /12 months.

USrules said:   centrifuge41 said:   FT reports that the bonus stacks with the UA/AA/DL mile bonuses (ie pick one mile bonus, and the Apple bonus). They also report that the funding used to be churnable, but now, it might not be.
This works for funds moved into existing accounts. You can do this every 12 months.

Reportedly stacking of the bonus miles AND apple GC doesn't work anymore... Since april, bonuses are limited to one promotion /12 months.

they used to limit it to new customers only. So now it's new money?

phatwalletguy said:   teammjs said:   Agree, it DID stack in April, but not one successful case lately. Cycling the money now (to reach the limit) also seems questionable.

Also, if looking at the T&Cs, Fido reserves the right to pound you if not maintaining the threshold for the Apple card, but no claw back language for the mile offers. Fido has almost never exercised this right, but then again cycling and stacking used to exist 100% before they made some program changes to their internal system a few months ago.

questions

1) how long do I have to keep my money to get miles ?
2) can i deposit from various accounts or it has to be 25 K lump sum1) 6 months. 2) various accounts is ok. Doesn't have to be lump sum.

It seems like this deal is mainly attracting people who have no intention of investing at Fidelity and just want their money back as soon as possible. That's fine, but I have a question for those of you who are actually Fidelity customers:

Has anyone who has over $100k invested in their Fidelity account tried taking it out (capital gains, whatever) and re-depositing it back in for this promotion? Or better yet, just call them, threaten to do this, and get the miles without doing anything? That's what I'd like to do and I'd like to hear if anyone else has done that.

By the way, for all you deal-seekers out there: Fidelity is not some shady company trying to keep your money. They are a legit brokerage firm and they actually have great products. Moreover, investing your money for retirement (not earning 0.01% on your cash) is important. The Fidelity cash management account is a checking account with free checks and an ATM card that reimburses all ATM and forex fees. The Fidelity AMEX is a card that gives you a straight 2% return on all your purchases. Both are free with no annual fee when you have a brokerage account. Tell me what bank or credit card company offers that in today's world?

I honestly have no idea why everyone is in such a rush to get their money out of Fidelity. I just sock it in there as soon as possible whenever I have extra cash on hand.