This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

For years, Fidelity Investments has run lucrative promotions offering sign-up bonuses of up to 50,000 miles when you open and fund a new brokerage account. You can earn miles with American, Delta, or United, and the funding requirements are the same for each:

  • Deposit $25,000 or more, earn 15,000 miles
  • Deposit $50,000 or more, earn 25,000 miles
  • Deposit $100,000 or more, earn 50,000 miles

Fidelity’s terms and conditions state that offers are “limited to one per individual per rolling 12 months and may not be combined with other offers.” However, I earned 50,000 miles each with United and Delta back in 2012,  which led me to believe there was some room for interpretation in the second half of that statement. With that in mind, I decided to apply again this year for both the American Airlines and United Airlines offers.

The results were mixed. About 3-4 weeks after opening my accounts and meeting the funding requirements, I was awarded 50,000 AAdvantage miles. I value American Airlines miles at 1.7 cents apiece, which makes the sign-up bonus worth $850. However, I’m confident that I can get even more value than that by maximizing my redemptions with Oneworld partners and in premium cabins.

Unfortunately, it looks like Fidelity has tightened up, and is now adhering more strictly to the limit of one bonus across all offers per rolling 12 months. While I was able to open and fund a second account, I was flatly denied a second bonus for the United MileagePlus offer, even after a lengthy conversation about ambiguity in the terms and conditions. If I want to earn 50,000 United miles (or another 50,000 from American), I’ll have to wait until next year.

Fidelity AAdvantage offer banner
Fidelity has extended the promotional offers beyond the original March 31 deadline.

While these offers were meant to expire at the end of March, Fidelity has since extended each of them to varying degrees:

The main requirements to keep in mind are that accounts must be funded within 60 days of opening to earn the bonus, and that you must maintain the minimum qualifying account balance at Fidelity for nine months from the date on which the reward is received (minus any losses related to trading or market volatility, or margin debit balances). That’s a long time to lock up your money if your sole intent is to earn the bonus, but if you’re looking for an investment account, this is as strong of a bonus as you’re likely to find.

If you do decide to take part in one of these promotions, I recommend the American Airlines offer over the others, since I value AAdvantage miles above MileagePlus miles and SkyMiles. However, if you’re in a Delta or United hub, you might feel differently.

If you’ve earned one of these bonuses previously, share your experiences in the comments below. If you have questions, please post those as well!

The best beginner points and miles card out there.
Chase Sapphire Preferred® Card

NEW INCREASED OFFER: 60,000 points! With great travel benefits, 2x points on travel & dining and a 60,000 point sign up bonus worth up to $1,200 in value, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
Regular APR
18.24% - 25.24% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

Know before you go.

News and deals straight to your inbox every day.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.