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No. of Recommendations: 2
So if you have $100,000 in total assets with Bank of America, you get a 75% bonus on top of 1.5 points per dollar — or 2.625 points per dollar, equivalent to a 2.625% rebate.

That's on everything but travel and dining, where you get 1.5 times 2%, or 3.5% And the assets can be held at any part of Bank of America, including Merrill Edge, where you get 100 free trades/month for that same level. If you have $50k there, you get 30 free trades a month.

But this only makes any sense if you happen to have these invest-able assets and don’t care who holds them. I would rather keep my $100,000 in Fidelity with the 2% on everything and Elan bonus that comes out ever few months which nets to around 2.5%

As I have mentioned on other threads, I got tired of Fidelity's 'nanny' attitude on the securities I wanted to purchase, so I am keeping my Fidelity account open with a single Fidelity ETF, so I can keep my Fidelity card as an alternate card. My charges on the Fidelity card have reduced significantly.

If I ever decide to close the Fidelity card, I will likely close my Fidelity account, even if I don't want to sell the ETF. I will just transfer the ETF over to Merrill Edge, where I can trade it for free.

AJ
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