Capital One 360 Financial Independence Day Promo 2014

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13045000Capital One 360 is running their annual Financial Independence Day promotion, with what is traditionally the best bonus of the year for their 360 Savings and 360 Checking accounts. (Formerly known as ING Direct.) These online bank accounts offer no monthly fees and no minimum balance requirements, all with a decent interest rate. As a result, the savings account makes a great “online piggy bank” where you can make free transfers from your existing checking accounts from any bank into the 360 Savings account on a regular basis. Promo details:

360 Savings $76 Bonus

  • Grab $76 when you open a 360 Savings® account.
  • This has to be the primary account holder’s first 360 Savings account and it needs a $500 minimum deposit.
  • The bonus starts earning interest on day 1, but you can’t take it out for at least 30 days.

360 Checking $100 Bonus

  • Earn $100 when you open a 360 Checking® account. Sign up for fee-free 360 Checking®, make 5 Debit Card purchases or 5 mobile deposits with CheckMateSM within 45 days and snag a cool $100 on day 50.
  • This has to be your and your joint account holder’s (if you have one) first 360 Checking account.
  • Open 360 Checking from June 30th – July 3rd and make a total of 5 Debit Card purchases or 5 CheckMateSM deposits or any combination of the two within 45 days.
  • Your $100 bonus will be automatically deposited into your account on day 50.

Expedia $50 off $200 Coupon Code

Expedia has a 4th of July promotion where if you use their mobile app you can get $50 off a $200 hotel booking. That’s up to 25% off. Pretty simple… go to link, enter mobile phone number, receive both unique coupon code and mobile app download link. Limited time offer; grab the code now if interested. Via Fatwallet.

Hotel stay must be $200 before taxes and fees. Promo code must be redeemed on mobile app (at checkout page) by 7/7/14 for travel between 6/27/14 and 12/31/14. Limit one per user account. Full terms and conditions.

5% Cash Back Credit Cards: Rotating Categories Update 2014

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3nd quarter activation now open for all cards.  Chase Freedom $200 bonus ends 6/30. The cards below offer a hefty 5% cash back on certain categories that rotate each quarter. With a little extra attention, I can easily rack up hundreds of dollars in additional rewards per year without otherwise changing my spending habits. Sometimes this involves buying Amazon gift cards at stores offering 5% back. None of these have an annual fee, so it costs me nothing to keep them around. New cardmembers often also get an initial sign-on bonus.

Chase Freedom CardChase Freedom® – $100 Bonus
From July 1st through September 30th, 2014 you can earn 5% cash back on up to $1,500 spent in the following categories:

  • Gas Stations
  • Kohl’s® (in-store and online)

Enroll each quarter at ChaseBonus.com, it’s quick and as long as you activate by the end of the quarter the rewards are retroactive. All other purchases earn 1% back, with no tiers or expiration of rewards. Currently, the Chase Freedom® card is offering a $100 bonus cash back.  If you sign up and make just $500 in purchases in your first three months and a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period. No annual fee.

Citi Dividend Platinum Select Visa CardCiti® Dividend Platinum Select® Visa® Card
From July 1st to September 30th, you can earn 5% cash back from Citi on eligible purchases at:

  • Movie Theaters & Theme Parks
  • Car Rental Agencies
  • Eligible Purchases within the Hilton portfolio

Log into your online account or call 1-800-231-0891 to activate the rewards each quarter (starts upon activation, not retroactive). The total cash back earned with the card is $300 per calendar year, excluding the $100 cash back with this offer.  See Citi Dividend Card Reward Program Information for details. Full 1% cash back on all other purchases and eligible cash advances and rewards do not expire as long as you have activity once every 12 months.

Currently, the Citi® Dividend Platinum Select® Visa® Card has a promotion offering $100 cash back after $500 in purchases within the first 3 months of account opening. 0% Intro APR on Balance Transfers and Purchases for 12 months. After that, the APR will be 12.99%-22.99% variable based on your creditworthiness. No annual fee.

Discover it Card ImageDiscover it® Card
From July 1st through September 30th, 2014 you can earn 5% cash back on up to $1,500 spent in the following categories:

  • Gas Stations

Login into your online account to activate the rewards each quarter (starts upon activation, not retroactive). The new Discover it® card now has a flat 1% cash back (no more tiers), free FICO score every month, late-payment forgiveness, and direct-to-human, 100% US-based customer service reps. No annual fee. (If you have an old Discover More card, you should call in and convert it to a Discover It card for free and get the new perks.)

“Disclaimer: This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program.  “The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.”

Amazon App Store: Over $100 in Paid Apps Free 6/27 6/28 Only

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az100If you have an Android phone or tablet, check out this Amazon App Store promotion which has a bunch of paid apps for free, Friday and Saturday only. As usual, I just grab whatever looks good now while it is free and then later delete the ones I don’t want. If you’ve never used the Amazon App store before, you’ll get a $1 credit after your first download.

Plex app caught my eye, that is a great app for streaming movie files from your computer to your TV via Roku or to your phone. Rip all your old DVDs to a hard drive and have them only a tap away.

Cash Reserves & Best Interest Rates Update – June 2014

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percentageOur family keeps a full year of expenses put aside in cash reserves; it provides us with financial stability with the additional side benefits of lower stress and less concern about stock market gyrations. Emergency funds can actually have a better return on investment than what you see on your bank statement.

Interest rates are still depressingly low, and I haven’t made any changes to how I hold my cash reserves in the past 12 months. However, I figured an update is in order as some of you may not be aware of the many options besides your too-big-to-fail megabank savings account paying 0.000001%.

My Cash Reserves
First, a quick recap of how I have our cash reserves split up. Keep in mind that most of the rates that I locked in are no longer available, but I did blog about them at the time.

  • Ally Bank Online Saving (0.87% APY of 6/24/14) as a no-fee overdraft backup to my Ally Interest Checking (0.10% APY on balances under $15k, 0.60% APY over $15k of 6/24/14), that way I can keep minimal balance in checking. Ally checking also has unlimited ATM fee rebates and no fees. I know there are some savings accounts paying a tiny bit more, but not worth the trouble for less than 0.1% difference on $10,000.
  • Ally Bank CDs earning between 1.84% and 3.09% APY. These are old 5-year CDs with a short 60-day interest penalty. Current CD rate of 6/21/14 is 1.60% APY with 150-day early withdrawal penalty.
  • PenFed CDs earning 5% APY. Long gone, although earlier this year PenFed did offer 5-year CDs at 3% APY (no longer available). Current rates are yawn-tastic.
  • I also have several US savings bonds that I now consider part of my retirement portfolio as opposed to cash reserves, as I don’t think I’ll ever want to cash them in before full maturity. More info below.

Best Currently Available Interest Rates
If I wasn’t already invested as outlined above, here are the FDIC-insured or government-backed opportunities that I would be looking into based on my needs.

  • Everbank Yield Pledge Money Market and Interest Checking account both offer 1.40% APY guaranteed (up to $50k each) for the first 6 months for new accounts. Since it is fixed, this is essentially a 6-month CD with a higher rate than any other 6-month CD rate out there and with no early withdrawal penalty to worry about.
  • “Series I” US Savings Bonds offer rates that are linked to inflation. “I Bonds” bought right now will earn 1.94% total for the first six months, and then a variable rate based on ongoing inflation after that. You must hold them for a year, and if you redeem them within 5 years you lose the last 3 months of interest. While future rates are unknown, the net rate after a year is likely to be higher than any 1-year CD. More info here.
  • Rewards checking accounts pay above-average interest rates, but only if you to jump through many hoops. Make a mistake and you’ll forfeit your interest for that month. Rates can also drop quickly, leaving a “bait-and-switch” feeling. If you’re up for it, a recent example is Consumers Credit Union where you can earn up to 5.09% APY on up to a $10k balance, although 3.09% APY is probably a more reasonable expectation (there are a lot of hoops).
  • Certificates of deposit. If you have a large cushion, it’s quite likely to just sit there for years. Why not put some money in longer-term investments where you can still take it out in a true emergency and pay an early withdrawal penalty. Synchrony Bank (formerly GE Capital Retail Bank) is offering a 5-year CD paying 2.30% APY for $25k+ balances (2.25% APY for $2k+) with an early withdrawal penalty of 180 days interest.
  • Willing to lock up your money for even longer? Tobyhanna Federal Credit Union has a 7-year CD paying 3.04% APY, however the early withdrawal penalty is a full 2 years of interest. More info here.
  • Even looooonger? “Series EE” US Savings Bonds are not indexed to inflation, but they have a guarantee that the value will double in value in 20 years, which equals a guaranteed return of 3.5% a year. However, if you don’t hold for that long, you’ll be stuck with the normal rate which is quite low (currently a sad 0.50% APY). You really want to be sure you’ll keep it for 20 years.

All rates are believed current as of writing, 6/24/14.

Chase Freedom $200 Limited Time Offer

(Update: A reminder that you can now activate your 5% cash back at gas stations and Kohl’s for 3rd quarter 2014. Just did mine. Don’t forget!)

Chase Freedom CardThe Chase Freedom® – $200 Bonus has a new limited time promotion offering a $200 Bonus after you make $500 in purchases in your first 3 months from account opening. In addition, you can earn an additional $25 bonus after you add your first authorized user and make a purchase within this same 3-month period. This is the highest sign-up bonus I’ve seen for this “keeper” card.

As a rewards credit card it is better than plain vanilla 1% cashback cards with its 5% cashback on rotating categories, good for up to $1,500 in purchases each quarter. Here are the categories for the rest of 2014:

From April through June 2014:

  • Restaurants
  • Lowe’s home improvement stores

From July through September 2014 (activate starting 6/15/14):

  • Gas Stations
  • Kohl’s®

From October through December 2014 (activate starting 9/15/14):

  • Amazon.com
  • Zappos.com
  • Select Department Stores

Activate quarterly at ChaseBonus.com or call the number on the back of the card. All other purchases earn 1% back, with no tiers or expiration of rewards.

Keep in mind that you actually earn Ultimate Rewards points. If you have a Chase Sapphire Preferred and Ink Bold/Plus small business cards which also earn those, your Ultimate Rewards points can be combined and converted to miles like United Airlines, British Airways, and Hyatt hotel points. Depending on what you redeem for (i.e. plane ticket, hotel stay), Ultimate Rewards can be worth well more than 1 cent per point this way, which means you can actually get more than 5% value back.

I’ve had this card seemingly forever as the 5% rewards often come in handy, and there is no annual fee so there’s no reason to cancel it.

“Disclaimer: This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program.  “The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.”

Groupon Deal: Starbucks $10 Gift Card for $5

Groupon is selling a $10 Starbucks Gift Card for $5. Limited quantities, otherwise ends 6/13. Why is free coffee so appealing? Limit 1 per person. I’ve already loaded my eGift card onto their handy smartphone app.

Side deal: Get 15% off any local Groupon deal with promo code LOCAL15 valid 6/12/14 only.

Remember that you can save even more on your Groupon with cashback shopping sites like eBates ($10 new customer bonus), Mr. Rebates ($5 bonus), and BigCrumbs.

Amazon Student: Buy $50 in Gift Cards, Get $10

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azdadAmazon Student is running a gift card promotion where if you buy $50 or more of selected gift cards by June 15th, you’ll get a free $10 gift code by June 30th. Give them as Father’s Day gifts or use them yourself. (The $50 card with a faux wood grain box looks pretty nice, actually.) This offer is only good for Amazon Student members with a free trial or paid membership to Amazon Prime. While supplies last.

You’ll need an .edu email address to join Amazon Student. Got one? Sign up now and get a 6-month free trial of Amazon Prime 2-day shipping and then 50% off after that.

Citibank Checking Billpay and Mobile Check Deposit $100 Promotion

Citibank is running a $100 bonus promotion good for existing checking account customers. You have to first enroll in the offer by 7/31/14, and then you can earn $10 per month for doing each of the following activities from 6/1/14-12/31/14:

  • Online bill payment
  • Mobile check deposit
  • Outgoing Popmoney person-to-person money transfer

So you could technically get $30 a month, but the total possible bonus over the entire 7 month period is only $100. I don’t think this promotion is juicy enough to warrant opening a new Citi checking account, but it’s a pretty easy $100 if you already have one. Bonuses arrive within 60 days after a month with qualifying activity, and will only get reported on a 1099-MISC if you earn over $600 in miscellaneous taxable income from Citibank in a year.

Limited-Time Offer: 60,000 Bonus Points For Chase Ink Bold and Ink Plus, $300 For Ink Cash

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myinkboldUpdate: This LTO is now EXPIRED

Chase has just boosted the sign-up bonuses on their Ink cards. The Ink Bold Card and Ink Plus Card cards now offer 60,000 Ultimate Reward points after spending $5,000 within 3 months, which are worth 60,000 United miles, $600 cash, or $750 towards travel. That is 20% or 10,000 points higher than the standard offer. I believe this matches the highest bonus ever for these three cards.

The Ink Cash Card with no annual fee and 0% interest for 12 months is offering a $300 bonus (up from $200) after spending $3,000 within 3 months.

Chase Ink Bold Card bonus link

  • For a limited time, earn 60,000 bonus points after you spend $5,000 in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards.
  • No interest charges because it’s a pay in full charge card.
  • Earn 5X points per $1 on the first $50,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.
  • No foreign transaction fees.
  • 1:1 point transfer to leading frequent travel programs with no transfer fees.
  • Direct access to a live service advisor anytime.
  • Free Employee Cards.

The 5X rewards on office supply stores from these two cards are handy as you can buy a wide variety of gift cards at Staples, Office Max, and Office Depot from prepaid cell phone reloads to Amazon gift cards to Home Depot and other retailers. This effectively gets you back 5X Ultimate Rewards points on a lot of your everyday spending.

Chase Ink Plus Card bonus link

  • For a limited time, earn 60,000 bonus points after you spend $5,000 in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards.
  • With Ink Plus, you have the cash flow flexibility with the choice to pay over time or pay in full.
  • Earn 5X points per $1 on the first $50,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.
  • Earn 2X points per $1 on the first $50,000 spent annually at gas stations and for hotel accommodations when purchased directly with the hotel.
  • No foreign transaction fees.
  • 1:1 point transfer to participating travel programs with no transfer fees.
  • Free Employee Cards.

The major difference is the Ink Bold is a charge card that you must pay in full each month and Ink Plus is a credit card where you can carry a balance. The good thing about this is that you can get both cards for the same business and thus both bonuses.

Chase Ink Cash Card bonus link

  • For a limited time, earn $300 bonus cash back after you spend $3,000 in 3 months from account opening.
  • 5% cash back on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.
  • 2% cash back on the first $25,000 spent annually at gas stations and restaurants.
  • 1% cash back on all other card purchases with no limit to the amount you can earn.
  • 0% introductory APR for 12 months on purchases and balance transfers.
  • No annual fee.

Many people aren’t aware of the fact that they can apply for business credit cards, even if they are not a corporation or LLC. The business type is called a sole proprietorship, and you may be a consultant, freelancer, or other one-person business. This is the simplest business entity, but it is fully legit and recognized by the IRS. On a business credit card application, you should use your own legal name as the business name, and your Social Security Number as the Tax ID.

Southwest Airlines Rapid Rewards Premier Credit Card Review: Two Roundtrip Flights + Companion Pass Info

Southwest Airlines Rapid Rewards Plus Credit Card Banner

sw50kcardSouthwest has brought back their 50,000 bonus point promo for the Southwest Airlines® Rapid Rewards® Premier Credit Card. That’s worth 2 Roundtrip Flights (over $700 in airfare with no limited-capacity seating hoops or $500 in Amazon.com gift cards) after you spend $2,000 in the first 3 months of opening your account. This is historically as high as their sign-up bonus gets and is a limited time offer (usually lasts for a couple of weeks). There is a $99 annual fee that is not waived the first year.

2014/2015 Companion Pass
Southwest’s Rapid Rewards Companion Pass allows you to designate one person to fly with you for free (person can be changed 3 times). To qualify, you must earn 110,000 points in a calendar year, and yes credit card points count! If you earn the status in 2014, you can use the Companion Pass for the rest of 2014 and all of 2015. The companion pass even works on award tickets!

Besides a lot of spending or flying, the small business version of this card has a 50,000 point bonus. Spend $2,000 on each of these two cards and you’ll qualify for both the 50k bonus and 50k bonus plus the 4k from spending for a total of 104,000 Rapid Rewards points. Spend a little more on the card or take some Southwest flights to make up the last 6,000 points and you’ll have 110,000. Those 110k points will be worth over $1,400 in Wanna Get Away airfare split up into however many flights you want + a free companion pass which can effectively double the value.

More Details
The huge “2 Roundtrip Flights” banner on the Southwest Airlines® Rapid Rewards® Premier Credit Card application page is based on the fact that an “average” round-trip $357 Wanna Get Away fare would cost about 25,000 points. In reality, the value of the bonus is $714 in Southwest airfare broken up however you like. Any Wanna Get Away fare is eligible, so this bonus is very useful for Southwest fliers. If you take shorter flights or wait for a fare sale, this could easily be worth multiple roundtrip flights. 25,000 points can also be converted to $250 in gift cards to Amazon.com, Wal-mart, and other retailers.

Currently 70 points = $1 worth of Wanna Get Away airfare, which means you get 1.43 cents of value per point. Southwest is still offering two free checked bags, which can be a significant roundtrip savings. Here are the rest of the details:

  • Get 50,000 points for 2 ROUNDTRIP FLIGHTS after you spend $2,000 on purchases in the first 3 months of opening your account. Government fees as low as $10 not included.
  • Get 6,000 points after your Cardmember Anniversary.
  • Earn 2 points per $1 spent on Southwest Airlines® and AirTran® Airways purchases made directly with the airlines and on Rapid Rewards Hotel and Car Rental Partner purchases.
  • Earn 1 point per $1 spent on all other purchases.
  • Redeem points for gift cards, car rentals, cruises, hotel stays, and international flights to over 800 Destinations on 50+ global carriers.
  • No foreign transaction fees

“Disclaimer: This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program.  “The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.”

Sam’s Club Membership Deal – Zulily

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Deal site Zulily has a special Sam’s Club Plus membership deal where for $45 you get over $91 of value:

  • One-year Sam’s Club Savings membership ($45 value), which includes a membership card for the primary cardholder and a complimentary membership card for a spouse or other household member.
  • $20 Sam’s Club gift card
  • Coupons good for free stuff ($26.83 total value):
    • Free Take and Bake Pepperoni or Cheese Pizza (16”, up to a $7.99 value)
    • Free Cheesecake Squares (16 count, a $11.98 value)
    • Free 5” x 7” Canvas Mini Print With Stand (a $6.86 value)

New members only, so you can’t use this to renew a current membership. Deal ends May 19th, 2014 at 6am PDT, and must be redeemed by August 17, 2014. Free stuff can be redeemed up to 30 days after joining. Valid at any Sam’s club location.

Remember that you can save a bit more on your Zulily purchases with cashback shopping sites like eBates ($5 new customer bonus) and Mr. Rebates ($5 bonus).