Just received this in my mail box. I’ll probably do it! See image below.
One of my 90 day BluPeak CD’s matured a couple days ago. I was getting 4.25% APY and it just now renewed to a paltry 0.25%. It was time to close it out. A friend suggested to me that I didn’t need to call it in, that I could just make the request via Secure Message (SM). So I decided to try out this method instead of the usual call.
I was told by an online acquaintance that they were targeted by Bank of America for $750 elevated sign up bonuses for both their Business Unlimited Cash (BUC) & Business Customized Cash (BCC) credit cards.
The normal sign up bonus is $300 a piece. The “elevated” offer many of us know about is $500 a piece. This $750 offer is total news to me!
Previously this deal expired on 9/9/2024. It has been extended to 10/31/24.
Deposit $25k with 30 days of opening and maintain from days 31-90. Bonus posts after 14 days after completion. Assuming one transfers in 5 days before the end of the 30 day period and withdraws it 14 days after the 60 day maintenance period, this results in an effective APY of 14.6%.
See Profitable Content and DoC for more details.
Update 9/11/24: I was recently approved for this account. I’ll be investing $20k for 75 days for $1,000 SUB which results in an effective APY of 26.8%. See end of article in the Updates section for more details.
The Wednesday Morning Weekly — July 10, 2024
Normally I write an in depth article for the weekly Wednesday morning post, but haven’t been feeling that well the past several days. So instead, today I’ll share this incredible deal I just now found from Danny the Deal Guru’s web site.
The Wednesday Morning Weekly
This one will be short and sweet!
A brand new iPhone Pro costs $999 before taxes. After say 7% sales tax it’s $1068 out the door. This is quite pricey!
But for those who have a Chase Sapphire Reserve (CSR), Chase often runs specials where you can buy Apple products with Ultimate Rewards points at 1.5x, which provides a 33.3% discount on the iPhone — if you value Chase UR at 1 CPP as I do. This brings the $1068 out the door price down to $712.
When signing up for a Chime Checking account, as part of the application process they have you check some checkboxes agreeing to Terms of Service. Often people just blindly click all the checkboxes to get through an application more quickly.
Chime sneaks in a Credit Builder Secured Credit Card application as part of this “Terms of Service” agreement for the checking account. In my opinion, this is deceptive and they shouldn’t be allowed to do this, but I am no lawyer.
Currently when one purchases an Amazon eGift card on Pepper they give you 4x (4%) cashback in form of Pepper coins — which can be used to redeem for more eGift cards on Pepper. If one uses an ABG to pay for this eGift card they get an additional 4x MR. If one values Amex MR at 1 CPP this means it is an additional 4% CB. This results in a guaranteed 8% CB.
But Pepper has lately been offering 10x boosts on many gift cards such as Amazon, Walmart, Sam’s Club, etc.
Update 9/5/2024. I am now listing multiple accounts within a bank object rectangle in my diagram — for a few accounts. E.g. a line for checking and a line for savings. I put the approximate balances in K dollars on each line. Sometimes I might have to make the rectangle larger to accommodate three accounts within the same bank. For CD account dollar amounts I use a very faint orange instead of the typical orange font color, since this money isn’t as liquid. See towards end of document for screenshot of what I am talking about.
In this bank account bonus hunting hobby, I found by having a large number of bank & brokerage accounts open at any given time it can become quite unmanageable unless I have a few things in place. However with all the above, one thing I was missing was a diagram of how all the bank accounts are linked together.
The Wednesday Morning Weekly
I am frugal and I don’t travel much. The last time I flew in a plane was in 1992 for a work related convention — a round trip between Los Angeles and Las Vegas for the Consumer Electronics Show (CES). It was also the first time I had ever flown in a plane. Of all my credit cards, the primary travel benefit I make use of is the World of Hyatt transfer partner with Chase allowing us to get $150 rooms w/ free breakfast for effectively $50 per night. We do also make use of the Amex Business Platinum (ABP) $200 annual credit to fly my boyfriend’s mother out to visit every year or so, via a Southwest flight.
Many people believe the only reason to retain any Amex metal card, is primarily for the travel benefits. Now I perhaps agree with this with respect to the personal metal cards, but not so much with respect to the business metal cards. The effective annual fee for me on both the Amex Business Gold (ABG) and Amex Business Platinum (ABP) are around $100 each. Even with this one might ask me, “Why are they worth even that if you are not a traveler?”