Earn 50,000 American Miles With Fidelity Before September 30, 2012

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As I’ve discussed in the past, brokerage accounts can be a great way to rack up a ton of miles on money you’d be investing anyway. I personally was able to earn 50,000 Delta and 50,000 United miles with Fidelity earlier this year for opening non-retirement brokerage accounts.

I am not eligible for this other offer of 50,000 American miles because according to the Promotional Offer Rules, promotional offers are limited to one per individual per rolling 12 months and this one is not transferable or valid in conjunction with any other Fidelity promotional offer. So if you scored the other mileage deals in the last year, like I did, you’re most likely out of luck for now since the offer expires September 30, 2012 and initial and subsequent deposits must be made within 90 days of account opening.

However, if you’re a diehard Oneworld member and were waiting for an American Airlines offer, your time has come. This offer for 50,000 American miles, like the one for United, requires a certain amount of funding to hit the full mileage mark in the following rungs:

Deposit Amount: $25,000+
Mileage Earned: 15,000

Deposit Amount: $50,000+
Mileage Earned: 25,000

Deposit Amount: $100,000
Mileage Earned: 50,000

The Cash-Strapped Shortcut
In the past people have been able to get around the $100,000 requirement by depositing and withdrawing in smaller increments until you hit the $100,000 mark. For example, you could do it in $20,000 cycles depositing and withdrawing – all that matters is that $100,000 is deposited into the account in the required time period. Read through this Flyertalk thread to see how people have managed it on small budgets – of course this is much easier if you can just deposit in lump sums and the miles generally post much quicker than 8 weeks.

You can read how I did it as well for some more insights – and to be reassured that I got my miles in the end!

I understand not everyone has this type of cash accessible, but if you do it can be extremely profitable to take advantage of these deals since the miles post so quickly (FYI I do not have any business relationship with Fidelity for recommending these promotions).
Here are the rest of the Terms and Conditions:

Promotional Offer Rules:
This promotional offer is only available to new or existing Fidelity brokerage account customers opening or depositing new assets into a joint or individual nonretirement Fidelity Account®. This offer expires September 30, 2012, and is not transferable or valid in conjunction with any other Fidelity promotional offer. Fidelity Investments reserves the right to modify, change, or alter the terms and conditions of the promotional offer in its sole discretion at any time. Fidelity Investments may terminate this promotional offer at any time. Other terms and conditions may apply.

Promotional offers are limited to one per individual per rolling 12 months.
The promotion is not available for business accounts; trust accounts; retirement accounts, including, among others, Fidelity IRA, Roth IRA, SEP, and SIMPLE accounts; 401(k) and 403(b) workplace retirement plans; fiduciary accounts (including custodial accounts, estate accounts); college investment trust accounts; 529 college savings plan accounts; annuities; Fidelity accounts managed by Strategic Advisers, Inc. (for example, Portfolio Advisory Services); Institutional Wealth Services (IWS) clients; clients of registered investment advisors working with Fidelity Investments, annuities, and Stock Plan Services accounts. Offer is not valid for non-U.S. residents; persons affiliated with FINRA, a securities exchange or its members; employees of Fidelity, its affiliates, and members of their immediate families and households, or the media.

Certain states and local jurisdictions have laws that limit or restrict public employees from accepting items of value from vendors such as Fidelity that provide services to public institutions. Some public entities such as governments, state universities, health care organizations, etc., also have internal policies that may contain similar restrictions. If you are a public official or employee, you should determine if one of these laws or internal policies applies to you. By accepting this incentive, we assume that you are in compliance with your jurisdiction’s laws and institution’s internal policies.

Transferred assets will be valued, for the purposes of determining eligibility for this promotional offer, at the close of business Eastern time on the business day or next business day, if on a weekend day or holiday, following receipt by Fidelity Investments of the assets into the account that is eligible for the promotional offer. Funding must come from an external, non-Fidelity source via any standard monetary transfer method (a standard Transfer of Assets form, check, electronic funds transfer, ADM deposit, etc.). Please allow eight weeks from the funding of the eligible account, with the qualifying dollar amount of assets, for American Airlines AAdvantage® miles to be posted to your AAdvantage® account. Your Fidelity Account® must remain open with the qualifying funding for six months from the date that the qualifying assets are first received in the eligible account.

New accounts must be opened within 30 days of registering for the offer. Additional deposits to the eligible Fidelity account may earn you a higher mileage award provided the result is that the cumulative assets meet or exceed the next eligibility tier (up to a maximum of 50,000 AAdvantage® miles). For new accounts, initial and subsequent deposits must be made within 90 days of Fidelity account opening. For new money deposited into existing accounts, all deposits must be made within 90 days of registering for the offer.

Fidelity Investments and American Airlines are not affiliated.

Fidelity Brokerage Services LLC, Member NYSE, SIPC

American Airlines reserves the right to change the AAdvantage® program and its terms and conditions at any time without notice, and to end the AAdvantage® program with six months’ notice. Any such changes may affect your ability to use the awards or mileage credits that you have accumulated. Unless specified, AAdvantage® miles earned through this promotional offer do not count toward elite-status qualification or Million MilerSM status. American Airlines is not responsible for products or services offered by other participating companies. For complete details about the AAdvantage® program, visit www.aa.com/aadvantage. This content will appear in a pop–up window.

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