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Thursday, October 11, 2007

Improve your finances

The American Bank Gold checking account for people over 50 years old offers a 5% APY for balances $10,000 - $99,999.99, guaranteed though March 31, 2008, plus a $20 bonus if I refer you. This is a nice account for foreign travel, as the bank does not charge for use of its ATM card worldwide. This is a checking account. The usual 6 withdrawals per month rule for money market accounts does not apply.


Comerica Bank is offering 1,000 Northwest Airlines miles to open a checking account, plus $25, $50, or $100 if you add some or all of Visa Check Card, Direct Deposit, Overdraft Protection, and/or Comerica Web Bill Pay.


US Bank offers 3 check (debit) cards.

The WorldPerks Visa Check Card costs $20/year and gets you 4,000 Northwest Airlines miles up front, plus 1 mile per $2 spent if you don't use a P.I.N. The 4,000 miles for $20 is a cheap half cent a mile, but of course, you would use a mileage producing credit card for non pin transactions, since it would probably produce more miles than would the debit card. Click, or call (800) 890-2265 Ext. 7028, or visit any U.S. Bank location.
The WorldPerks Visa Gold Check Card and the WorldPerks Visa Business Check Card cost $55/year and get you 5,000 Northwest Airlines miles up front for a cost of 1.1 cents per mile. But these cards offer 1 mile / $1 spent if you don't use a P.I.N. This could be useful for those who don't want or can't get a credit card


Bank of America does not offer miles for opening an account, but it does offer up front miles for buying a Visa check/debit card for one of their accounts. The annual fee is $30. Each card gives only 1 mile per $2 spent, so using a mileage producing credit card when possible would probably always be better mileagewise. But the up front miles might be worthwhile, depending on how you value your miles. Each card has its own cap on the number of miles you can earn each year

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