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1. Fewer Miles with BankDirect Checking Accounts
I’ve written previously about earning American Airlines miles with a checking account with BankDirect. You earn 100 miles (per month) for every $1,000 in your account, up to $200,000 in your account. For every $1,000 above $200,000 you would earn 25 American Airlines miles per month.
This meant that a deposit of $200,000 would earn 240,000 American Airlines miles in a year!
That said there is monthly service fee of $12, but it is well worth it for folks (note: I’m not an investment advisor, so consult yours!) with large deposits of liquid cash who leave the money in other bank accounts. That’s because you don’t pay tax on the miles (but you do pay tax on interest earned at other banks) and also because the American Airlines miles are worth more than the small amounts of interest which banks pay.
- BankDirect Mileage Checking










I have earned and redeemed millions of airline miles and hotel points to travel the world for free.   Now I'm blogging to help more people do the same!  





