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IKEA Gift Card Promo: Buy $50 eGift Card, Get $10 eGift Card (Limit $500)

ikea0Buy a $50 IKEA eGift card, get bonus $10 eGift Card. That’s $10 off every $60 of IKEA stuff, which seems pretty good. Limit $500 total gift cards purchased ($100 in bonus gift cards). The website URL is funky, but it is linked directly from the IKEA.com gift card page, so looks legit. Set to run 5/15 through 5/21/24, but this offer has ended early in the past. Terms and conditions:

*Valid in U.S. only. Limited quantities of Bonus Cards available. Valid on Digital Gift Card purchases of $50 or more only from IKEA-USA.com. Not valid on physical or in-store Gift Card purchases. Offer will apply automatically at check-out if purchase qualifies. Additional $10 Digital Gift Card (“Bonus Card”) will be emailed automatically to the purchaser’s email address provided at check-out within 24-48 hours. LIMIT: $500 in Digital Gift Cards/10 Bonus Cards per purchaser during offer period. Gift Cards not redeemable for cash (unless required by law). Except for purchase limits set forth above, offer subject to IKEA Gift Card terms and conditions, https://www.ikea.com/us/en/customer-service/gift-cards-pub3d1efe50. Other restrictions may apply. See IKEA-USA.com for details. ©Inter IKEA Systems B.V. 2024.

Note the waiting period of 24-48 hours for the bonus gift card to show up. Found via Doctor of Credit.

Moomoo Investing App Promo: 1.5% Bonus on Assets Transferred (90 Day Hold, $300 Max)

Update May 2024. New 1.5% asset transfer promo. Brokerage app Moomoo is offering a 1.5% bonus on assets transferred (up to a $300 bonus on $20,000 transferred). The minimum hold period is 90 days. Valid only for new customers. Full terms here.

(Side note: The alternative offer of “Magnificent 7” stocks is worth only ~$35 total, so I would skip that and wait for a better offer. For example, many of the post comments below were for a previous offer that included Tesla stock and was worth $300+.)

Your ACAT transfer must settle by 5/28/24 and must be coming from one of the following broker-dealers:

  • Robinhood
  • Webull
  • TD Ameritrade (including ThinkorSwim)
  • Interactive Brokers
  • Fidelity
  • E-Trade
  • Cash App
  • Charles Schwab
  • Ally Invest
  • Firstrade
  • Merrill Lynch

Transfers from other broker-dealers are not eligible for this promotion. The value of the assets is determined at the time of settlement and not at the time you initiate the transfer.

Here is their definition of new customer:

1. HAVE opened a brokerage account, but have not made a deposit yet, and plan to make the first eligible ACATS transfer that settles before May 28, 2024, 23:59 PM ET.

2. HAVE NOT opened a brokerage account before April 01, 2024, 04:00 AM ET.

3. HAVE opened a brokerage account, but have not made a deposit yet, and plan to make the first deposit that settles before May 28, 2024, 23:59 PM ET.

Compared to the Robinhood 1% transfer bonus, this offer is 50% more money (1.5% vs. 1%) and the hold period is 85%+ shorter (90 days vs. 720 days). The main drawback is the cap at $300 bonus on $20,000 in asset transferred, but there are a few other wrinkles as well.

What Moomoo calls a “Cash Reward” is not a cash credit to your account like what Robinhood does; it works like a coupon that rebates a future stock trade. In my experience, it applied automatically but you to have to make a trade to claim it. In the past, I have chosen to just buy (and then sell) enough SGOV to trigger it (amount varies) if you don’t have other stock trades you plan to make.

Another potential drawback is that some people have noted that Moomoo does not participate in the ACAT system if you want to transfer out later. Instead, you must use the “DTC FOP” system and follow the directions here. All the major brokers I checked with can handle this, it’s just a bit different process. There is also a $75 transfer out fee (which you may seek to be rebated by your future broker).

* FOP (Free of Payment ) is a method to transfer US stocks between Moomoo Financial Inc. and another brokerage firm directly through The Depository Trust Company (DTC), without using the ACATS (Automated Customer Account Transfer Service) system.

If possible, you may instead consider transferring over enough assets to trigger the bonus without big unrealized gains, and then just sell after 90 days and withdraw the cash.

Morningstar Asset Class Correlation Charts 2024: 20-Year Historical Matrix

Morningstar has published their 2024 Diversification Landscape Update (direct link to PDF), another useful whitepaper for DIY investors that looks closer at the correlations between different asset classes. In their Key Takeaways, they note the … [Read the rest]

5.05% APY CDs, 5.10% APY No-Penalty CDs, 5.26% APY Savings via Raisin (Limited-Time Bonus Boost, up to $200)

Limited-time Referral Bonus Boost: The Raisin referral bonus for new accounts has been hiked for a limited time, doubled on some tiers and now up to $200. The new tiers are below. At the $5,000 and $10,000 amounts, the bonus works out to 1% of … [Read the rest]

Juno Finance App: Banking Interruptions, 5% APY and 5% Cashback Terminated

Update May 2024: Juno just sent out the following e-mail today, which may be the best of example of public relations double-speak that I've seen in a while. Look at all those meaningless words! 😳 Juno paid out a lot of above-average … [Read the rest]

Upside App Promo Codes: $1.50+/Gallon Cash Back on Gas, 15%+ Off Restaurants

Upside is an app that earns cash back rewards on gas and restaurants. The cash back is on top of whatever cash back or rewards your credit card already earns. For the most part, you look up a local gas station or restaurant on the Upside app, … [Read the rest]

2024 Berkshire Hathaway Annual Shareholder Meeting Video, Transcript, and Notes

The 2024 Berkshire Hathaway Annual Shareholder Meeting occurred on May 4th, 2024, and while there are lots of articles offering highlights (including this one), it's never the same feeling as tuning into the actual thing. I always find a few nuggets … [Read the rest]

Best Interest Rates on Cash Roundup – May 2024

Here's my monthly roundup of the best interest rates on cash as of May 2024, roughly sorted from shortest to longest maturities. There are lesser-known opportunities available to individual investors, often earning you a lot more money while keeping … [Read the rest]

Robinhood ACAT Bonus: 1% of Taxable Brokerage Assets Transferred w/ No Cap, 2-Year Hold

Offer is back, new deadline is June 28th. Robinhood has brought back their 1% ACAT Transfer bonus of a flat 1% of the transferred amount with no cap. That means a transfer of $10,000 in asset value from an external brokerage account will earn a … [Read the rest]

Merrill Edge + BofA Preferred Rewards = Up to $1,000 ACAT Transfer Bonus, Improved Credit Card Rewards

Updated May 2024. Merrill Edge is the self-directed brokerage arm formed after Bank of America and Merrill Lynch merged together. They are currently offering an increased cash bonus of up to $1,000 for moving "new money" or assets over to them from … [Read the rest]

Vanguard Adds New $100 Account Closure and Outgoing Transfer Fee

Vanguard recently announced some new and/or increased fees for their brokerage accounts. Here is their updated full commission & fee schedule. The following are effective July 1, 2024: Account closure and ACAT outgoing transfer fee: A $100 fee … [Read the rest]

Top 10 Best Credit Card Bonus Offers – May 2024 (Updated)

Updated and checked May 2024. That space in your wallet or purse is valuable, and you should be the one to get that value. By being smart and picky, you can find offers worth $500+ for a single card, all to encourage you to apply and try it out. … [Read the rest]