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TDAmeritrade 20,000 Starpoints Promotion
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TDAmeritrade has partnered with the Starwood Preferred Guest program to offer a travel loyalty related promotion – hotel loyalty reward points as a promotional bonus for a large initial deposit. TDAmeritrade has done these in the past but what’s notable is that the highest tier is at “only” $25,000.
There are three tiers of promotional bonus points:
- 20,000 points for an initial deposit of $25,000.
- 10,000 points for an initial deposit of $10,000.
- 3,000 points for an initial deposit of $2,000.
Unfortunately, IRA and tax-exempt accounts are not eligible and you must keep the account open for at least 9 months. Once you open your account, it’ll take six weeks to get the first half of your bonus. Six months after the first of the points post, the balance will be posted to your account. This offer expires March 31, 2011.
Here is some more fine print:
Offer valid for new Individual or Joint accounts opened and funded by U.S. residents with $2,000 or more by 03/31/2011. Not transferable and not valid for IRA or other tax-exempt accounts, internal transfers, current TD Ameritrade clients, or with other offers. Limit one offer per client. Offers are not valid for TD Ameritrade Investing accounts using the Amerivest service. Offers are not valid for accounts managed by independent investment advisors and maintained by TD Ameritrade Institutional. Account must remain open with minimum funding required for participating in the offer for 9 months, or TD Ameritrade may charge the account for the cost of the Starpoints. Allow 6 weeks from account funding for the first half of Starpoints to appear in the Starwood Preferred Guest account. To qualify for the second half, TD Ameritrade account must remain open with minimum funding required for participating in the offer for 6 months from the first Starpoints posting date. Points will appear in the Starwood Preferred Guest account within 6 weeks. TD Ameritrade reserves the right to restrict or revoke this offer. Participants must be enrolled in Starwood Preferred Guest. Starpoint redemption options vary based on specific requirements, including hotel Category. Starwood Preferred Guest members are subject to the complete Program terms and conditions. Starwood may change the Program rules, awards, features and offers at any time without notice. For additional terms and conditions of the Starwood Preferred Guest program, visit www.spg.com. 2006 Starwood Hotels & Resorts Worldwide, Inc. TD Ameritrade and Starwood Hotels & Resorts Worldwide, Inc are separate unaffiliated companies and are not responsible for one another’s services or policies.
TD Ameritrade has teamed up with Starwood Preferred Guest to bring you a special offer. Open and fund a TD Ameritrade account by March 31, 2011, and earn up to 20,000 Starpoints. The more you deposit, the more points you earn. Start earning Starpoints today with TD Ameritrade. See chart for details.
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Thanks for the tip. Because of the economy, many banks are offering money ($50 or $75) to open a new account. For instance, Flagstar Direct is offering $100 bonus if you open a new account and set up direct deposit. http://www.bankrate.com is a good place to look for deals.
Has anyone closed an account earlier than 9 months after doing one of these promotions? Do they really charge you for the “cost of the Starpoints”?
Good deal for someone who already has Starpoints and has the money to open an account. I definitely don’t need another account or rewards program to keep track of.
I find awardwallet to be very useful for keeping track of points in various programs.
Thank you so much for sharing this, I am constantly losing track of promotions and rewards.
I got really excited when I saw this because I just opened an account with TD. Unfortunately its for my just born son. His great-grandparents want to give him a few share of stock. So no bonus for that.