Thanks for responding Sycamore. Sorry I think I wasn’t clear.Are you saying the timeline would be like:Couple questions:
1) So I’m interested in moving my IRA assets from ME to throw those into the brokerage bonus game. And instead use 100k cash savings in the preferred deposit program. How many days does it have to be there for them to recognize that I’m still at the PH level?
2) The main thing for me to know is my preferred Rewards PH anniversary date? Or is it a period approximately a couple months before that date?
T1) you have >= $100k at ME
T2) you add $100k more to Preferred Deposit, total assets now >= $200k
T3) you transfer out $100k from ME to elsewhere.
In that case, you're at PH (>= $100k) the whole time so no worries.
Your anniversary date is the main thing.
Go for it.
Tomorrow!
I do have PH with my Roth IRA at ME.. But I intend to use that $216K in the brokerage bonus game. In lieu of that, I wanted to park 100 K in PD for shortest time is necessary and then take it out. Do what I need with that even better interest in the VUSXX. Bring it back around my anniversary date.
additionally will do it with my wife’s assets because I’ve talked about it long enough. Then awe will apply for a premium rewards card for her.
Statistics: Posted by bbrock — Wed Apr 10, 2024 3:11 am — Replies 7158 — Views 913886