Episode 10: Best HYCAs, SUB, $25 off Target & More

Companion Post

BofA new categories: Online shopping includes cable, streaming (was already included), internet, and phone plan and gas now includes EV charging


Old terms

New terms

https://www.doctorofcredit.com/bank-of-america-customized-cash-rewards-expands-the-3-categories/#comments


Albert Genius now $14.99


Free trial still churnable

Touch on idea

Referral link


Ally bank checking bonus https://www.doctorofcredit.com/ally-bank-200-checking-bonus-get200/


Does not stack with referral


Targeted Apple Card 5% back offers


Generic referral

Targeted SUB offer


Ally Referral -  thanks!

Current fee change


Inactivity charge of $5 after 12m, closure fee of $10. Note: the minimum to transfer was $1. They credited me a free $0.75 so I could transfer out LOL


Target 20% back up to $10 Cash App


Targeted for $15 off $90 spend Target Circle offer

Maybe use PayPal split to hey 10% back (up to $5) with Albert and $10 with Cash App 

$100 spend, $25 discount or 25% off



Thought process for new main checking account

Requirements:


Checking account

HYA (>4%)

ATM network or reimbursement


Leaving Juno


Bipass login bug

Change to $20k for 5%


Options:


Robinhood Gold


4.9%, ATM network, 3% IRA match (with vesting period), checking, $60/y fee

 Looking at my spend for last year, if I were to achieve BofA Platinum Honors status, I'd get an extra $196 in cash back per year. Not to mention my BofA spend this year went way up now that I have my ⁠curve strategy. Gold would net me $135 after the AF ($6500 *3% -  $60 = $135 net per year), plus that $135 would not vest for 5 years. 5 years of IRA contributions would get me to Platinum Honors and at that point only one year of my $135 IRA match would be vested 

My referral


Wealthfront


4.8% w/ .5% boost with referral (up to 6 month stack) & ATM network

My referral


Fidelity Bloom


5%, cash management account ATM reimbursement, not FDIC insured but SIPC which does not cover SPAXX dropping


HMBradley


4.7%, requires positive cash flow & $500 deposit, & $500 spend on CC, BofA does not support for AutoPay



Moving all Autopays and DD to Wealthfront



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