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pmchem posted:noted, thanks. I get lots of offers on my Amazon too. The latest was 5% on restaurants, gas, and home improvement (capped at $1000 spend). Those kind of offers come fairly regularly. Just keep in mind that the top benefits require you to maintain Amazon Prime, so depending on how technical you want to get you may not consider it a no annual fee card. If you're already Prime and plan to continue that indefinitely, then the Prime card is a natural addition.
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May 19, 2024 23:15
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Shear Modulus posted:the fidelity cash management account is actually a pretty great checking account. it has the base things you'd expect (no fees, free paper checks, ATM fee reimbursement) but also lets you put the money in fidelity money market funds and will auto-sell to cover debits. i have my cash in their t-bill money market fund so i get ~5% state-tax-exempt interest on it How does this work? Just use your entire core position balance to buy something like SPAXX, and then any debits on the CMA will be liquidated immediately from the money market fund since the core position is empty? I gather you're using FDLXX for this? Sounds like Fidelity will also be expanding the options for core positions in a CMA sometime next month as well, which is cool (SPAXX will be an option, but I'm not sure what else).
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May 21, 2024 10:01
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Splinter posted:How does this work? Just use your entire core position balance to buy something like SPAXX, and then any debits on the CMA will be liquidated immediately from the money market fund since the core position is empty? Yes. I do this too.
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May 21, 2024 16:17
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Splinter posted:How does this work? Just use your entire core position balance to buy something like SPAXX, and then any debits on the CMA will be liquidated immediately from the money market fund since the core position is empty? I gather you're using FDLXX for this? Sounds like Fidelity will also be expanding the options for core positions in a CMA sometime next month as well, which is cool (SPAXX will be an option, but I'm not sure what else). I think they are just adding SPAXX to their CMA core position, but I can tell you from experience that you can manually buy FDLXX and it will auto liquidate without fuss.
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May 21, 2024 19:04
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Shear Modulus posted:the fidelity cash management account is actually a pretty great checking account. it has the base things you'd expect (no fees, free paper checks, ATM fee reimbursement) but also lets you put the money in fidelity money market funds and will auto-sell to cover debits. i have my cash in their t-bill money market fund so i get ~5% state-tax-exempt interest on it If I need to deposit a check, do you know how is that handled? My credit union is located far away from me. I recently had to deposit a check that was over 10k from a car sale that was too big to do mobile deposit. I had to find a coop member credit union to visit to deposit that check. Been considering switching to a new bank, dumping my credit union.
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May 21, 2024 21:26
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Yeah, I have my cash in FDLXX. You have to manually go in and enter the fund buy order whenever you deposit cash, which is kind of annoying, but I think it's worth it. It does auto-sell the exact amount necessary when you have a debit bigger than your cash balance.extravadanza posted:If I need to deposit a check, do you know how is that handled? The app has mobile deposit. I just checked and it says the daily deposit limit is $500k (lol)
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May 21, 2024 21:35
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extravadanza posted:If I need to deposit a check, do you know how is that handled? I just checked in the Fidelity app and the daily mobile check deposit limit for my cash management account is $500,000. They do also have a form you can print and mail in with your deposit checks if you prefer to send them the physical paper.
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May 21, 2024 21:36
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Bear in mind that the limit will likely be lower if you're just signing up.
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May 21, 2024 22:03
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Thanks y'all. Seems like a great alternative to physical banks.
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May 21, 2024 22:12
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The only thing that might be a problem is that they have a really low ATM limit of $520 per day, but iirc you can go to any bank teller and pull out $2500. These daily limits are for everyone and don't increase with account age or net worth. I mean, if you're here in the credit card thread presumably you won't be using a debit card practically ever, but idk maybe you wanna buy $521 worth of  or something.
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May 21, 2024 22:42
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extravadanza posted:Thanks y'all. Seems like a great alternative to physical banks. It is but keep in mind interest rates are also pretty favorable right now for people holding cash/short term investments. I looked at the Fidelity CMA many times years ago and determined it wasn't worth it for the zero point whatever it was paying back when the Fed funds rate was lower. That being said, it's not a few years ago and being able to hold money markets and short term treasuries in a spending account is really really nice right now. Especially if you have state income tax
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May 21, 2024 22:52
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One more thing is it's super easy to push money into another bank account. I can push money out of Fidelity and into another account and have it the next day fully ready to withdraw in person if that's what I wanted to do. I don't think this is a Fidelity thing though, just that you need to push a ACH EFT not pull.
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May 21, 2024 23:01
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I've noticed increasingly ACH takes less than 24h, and I'm pretty sure I have had same day transfers between my Fidelity and credit union accounts when the transfer is initiated early in the day.
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May 21, 2024 23:11
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That's my experience too. I've pushed money out around the time I start work and it's already in my other account as "cleared" by end of day.
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May 21, 2024 23:13
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I guess I did it. I wanted lounge access and just took the plunge on this. Welp;
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May 24, 2024 23:26
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Sniep posted:I guess I did it. I wanted lounge access and just took the plunge on this. Welp; The proper credit card flex is to include a wristwatch, gun, knife, whiskey bottle, and/or car, too.
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May 24, 2024 23:34
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Space Fish posted:The proper credit card flex is to include a wristwatch, gun, knife, whiskey bottle, and/or car, too. I had to tell someone!!! It makes a kerthud sound when it drops on a table!!!! Edit: Ok, fine, here is this good enough 
Sniep fucked around with this message at 23:49 on May 24, 2024 |
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May 24, 2024 23:39
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Sniep posted:I guess I did it. I wanted lounge access and just took the plunge on this. Welp; why did you get the boring vanilla design though
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May 25, 2024 00:07
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Boris Galerkin posted:why did you get the boring vanilla design though because the two "artsy" versions were both hideously ugly lol
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May 25, 2024 00:22
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Was that barrel any good? They're such a gamble.
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May 25, 2024 00:35
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Veskit posted:Was that barrel any good? They're such a gamble. I really liked 31, this is 32 and I haven't cracked it yet but I've heard good things
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May 25, 2024 00:40
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Sniep posted:
Gotta appreciate the effortpost!
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May 25, 2024 00:44
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With that kind of gear, the world is your comfort lounge, whether by convenience or by force.
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May 25, 2024 00:59
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Sniep posted:I guess I did it. I wanted lounge access and just took the plunge on this. Welp; I like that you edited out your name but not the CVV. This man has no fears.
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May 25, 2024 02:25
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Medullah posted:I like that you edited out your name but not the CVV. This man has no fears. You're probably right but at this point the bots have already scraped it and it's now part of AI hive mind. Whoops. Sniep fucked around with this message at 05:51 on May 30, 2024 |
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May 25, 2024 03:16
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