Category Archive: BankDirect

Apr 10

Earning American Miles Through BankDirect

bankdirect

Last week, I discussed the end of the mileage bonuses at Fidelity Investments. In that post, I referenced BankDirect, a Texas-based internet bank that offers miles instead of interest (Technically, it’s in addition to interest, which is currently a whopping 0.01% for balances greater than $2,500.). BankDirect: Your New Mileage Bank Several years ago, BankDirect, …

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Apr 02

Fidelity Investments (Finally) Kills Its Great Mileage Deal

fidelity investments

Fidelity Investments used to offer one of the best mileage bonuses in the business, offering you up to 50,000 miles for opening a new account or depositing money into an existing one. The offer would expire every year on March 31 but, like the swallows who supposedly returned to Capistrano every year, Fidelity would extend …

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May 12

End of an Era: SunTrust crushes the Delta SkyMiles card

It finally happened.  After years of allowing Delta flyers (and non-flyers) to rack up hundreds of thousands of Delta mlles with the swipe of a debit card, SunTrust announced a change of terms of service that essentially kill the usefulness of the card as of July 25 (Who chose that date, anyway?). For those of …

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May 03

UFB Direct dramatically devalues debit card

While my favorite bank for earning American Airlines is BankDirect, a close second, until recently, was UFB Direct, which gave one mile for every two dollars spent on its debit card.  Unfortunately, I’m now using the past tense for the latter, because the bank significantly devalued the card a few days ago. As of June, …

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Mar 13

BankDirect should live to fight another day…

My favorite way of earning American Airlines miles is with BankDirect, a financial institution that pays you in miles for your deposits. With interest rates so low, the bank is almost a gimme, considering that you are getting something back for you business.  Here’s what you get: Not a bad deal, particularly if you have …

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Feb 19

Back to basics…

When I created this blog, it was set up to be for novices and intermediate flyers.  There are a lot of excellent blogs out there for those who know the systems cold, but there was nothing available to get people to that point.  With that in mind, here’s a few of the most important things …

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Nov 04

BankDirect: Still the easiest way to earn big American miles

A few weeks ago, a friend who does a lot of international travel asked me for some tips on accumulating miles so she could take her entire family to Asia.  While going through my list, I ran across my old friend BankDirect.  In terms of both effort and total mileage potential, it is truly one …

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May 05

Banking for American Miles: Earning miles with BankDirect

With interest rates where they are, it’s hard to find a checking or savings account that pays anything abouve, well, zero.  So why not earn miles for your spare cash?  You can do so at BankDirect, a division of Texas Capital and Member FDIC. Rather than pay interest, BD gives you miles for your deposits. …

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