Author Topic: Earning AA Miles With BankDirect  (Read 3456 times)

Offline moish

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 10006
  • Total likes: 297
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
  • Programs: AA LT Plat, Avis, SPG Plat
Earning AA Miles With BankDirect
« on: December 22, 2009, 02:12:11 PM »
im not sure why it hasnt been discussed on this forum yet, but theres an opportunity to earn a lot of aa miles with bank direct. basically you open a mileage checking account with them and get 1000 miles plus an additional 1000 miles if i refer you (pm me your email address so i can refer you) and for every $1000 in the account, you get 100 miles per month so if you put in $250,000 (the most thats insured by the fdic) you get 25,000 miles a month. it comes out that if you value your miles at 1.5 cents each, youre getting 1.8% anually which is also tax free. this is a checking account so you can take out your money anytime you want. theres also more ways to get more miles with billpay etc. check it out. http://bankdirect.com/products/checkingmileage.aspx

Offline Jay the PRESIDENT

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Oct 2008
  • Posts: 823
  • Total likes: 4
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
Re: Earning AA Miles With BankDirect
« Reply #1 on: December 22, 2009, 11:22:05 PM »
like we got $250000 jus lying around..........

Offline mancunian

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jul 2008
  • Posts: 1297
  • Total likes: 17
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
Re: Earning AA Miles With BankDirect
« Reply #2 on: December 30, 2009, 05:09:01 PM »
you know when this expires?

Offline moish

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 10006
  • Total likes: 297
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
  • Programs: AA LT Plat, Avis, SPG Plat
Re: Earning AA Miles With BankDirect
« Reply #3 on: December 30, 2009, 05:28:47 PM »

Offline jack

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Jun 2008
  • Posts: 509
  • Total likes: 10
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
Re: Earning AA Miles With BankDirect
« Reply #4 on: December 30, 2009, 09:33:33 PM »
You need to keep at least 2500 in the checking account so that you don't hit the monthly fee of $15

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Diamond Elite
  • **********
  • Join Date: May 2008
  • Posts: 67601
  • Total likes: 16913
  • DansDeals.com Hat Tips 16442
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA GS, AA EXP, DL Dirt, Hyatt Glob, Fairmont Lifetime Plat, DD Diamond, Blocked By @NeriaKraus
Re: Earning AA Miles With BankDirect
« Reply #5 on: December 31, 2009, 12:01:10 AM »
Definitely not a bad deal with interest rates so low right now.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline jack

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Jun 2008
  • Posts: 509
  • Total likes: 10
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
Re: Earning AA Miles With BankDirect
« Reply #6 on: December 31, 2009, 01:15:24 AM »
If u have a 250,000 (even a little less) laying around and put it here for 1.8% - so help you g-d!  A 1 year cd will get u more than double probaby 4x if you shop around.

This is really for emergency fund account which usually is $10-30,000 which will get you 1000 - 3000 miles a month = roundtrip in the US in a year.
hhhhmmmmm - neh - IMHO.

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Diamond Elite
  • **********
  • Join Date: May 2008
  • Posts: 67601
  • Total likes: 16913
  • DansDeals.com Hat Tips 16442
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA GS, AA EXP, DL Dirt, Hyatt Glob, Fairmont Lifetime Plat, DD Diamond, Blocked By @NeriaKraus
Re: Earning AA Miles With BankDirect
« Reply #7 on: December 31, 2009, 02:20:54 AM »
If u have a 250,000 (even a little less) laying around and put it here for 1.8% - so help you g-d!  A 1 year cd will get u more than double probaby 4x if you shop around.

This is really for emergency fund account which usually is $10-30,000 which will get you 1000 - 3000 miles a month = roundtrip in the US in a year.
hhhhmmmmm - neh - IMHO.
If you find a CD paying 4 times 1.8% I'm all ears!
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline moish

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 10006
  • Total likes: 297
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
  • Programs: AA LT Plat, Avis, SPG Plat
Re: Earning AA Miles With BankDirect
« Reply #8 on: December 31, 2009, 05:40:29 AM »
If u have a 250,000 (even a little less) laying around and put it here for 1.8% - so help you g-d!  A 1 year cd will get u more than double probaby 4x if you shop around.

This is really for emergency fund account which usually is $10-30,000 which will get you 1000 - 3000 miles a month = roundtrip in the US in a year.
hhhhmmmmm - neh - IMHO.
first of all the 1.8% is only a rough evaluation. if you book a business ticket to israel on elal, the miles come out to be worth far more than 1.5 cents. secondly the 1.8% is tax free. and you dont have to tie up your money. on top of all that, for someone in my situation, where im close to lifetime gold with a million lifetime miles, with churning now dead, this is a good way to get there. i cant determine exactly how much, but lifetime gold definitely has monetary value.

Offline smiley face

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Oct 2011
  • Posts: 502
  • Total likes: 8
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: New York
Re: Earning AA Miles With BankDirect
« Reply #9 on: November 21, 2011, 08:40:29 PM »
pulled up an old thread
i opened a bank direct account and want to do direct deposit (u get 10,000 miles) they say that you have to do each and every income source with direct deposit-how would they know...
i have 2 would rather do 1 with them
another thing is if i doo this for 3 months and get the miles close direct deposit and re-open will i get the miles again?