FIDELITY AMEX SIGN-UP BONUS: A $75 sign-up bonus normally isn’t worth mentioning, but I’ll make an exception for the Fidelity Amex, the only no-fee 2% cashback card out there. Everybody should have this card in their wallet, but it’s especially good for people who don’t like credit cards, so if you know anyone who marvels at your credit card wizardry but has no interest or ability in learning anything about them, this is a great choice. (H/T: FWF)
CITI HILTON RESERVE SIGN-UP BONUS: But wait, that’s not all! Citi’s Hilton Reserve is now offering a $100 statement credit to new cardholders, redeemable against $100 of Hilton charges. There has been a similar offer in the past, though it expired last month as per Flyertalk. Note that the $95 annual is not waived. (H/T: MMS via View From The Wing.)
BETTERMENT BEWARE: Those of you using Betterment or thinking about doing so might want to know this, courtesy of My Money Blog:
In the updated user agreement, Betterment will charge a fee of up to $1000 for an in-kind transfer!
…An in-kind transfer, also referred to as a full Automated Customer Account Transfer (ACAT) transfer, is where all of your holdings are transferred to another broker-dealer. Since you don’t sell any positions, any potential tax complications are avoided. I agree that this fee is around $75 at most brokers, so naturally I wanted to verify this claim.
Unfortunately this is not something that Betterment supports right now so we would bring in a third party to do an ACAT transfer. This process costs a fee of $1,000. Again, simply liquidating the funds is completely free.
REAL ESTATE: Move over, Manhattan! North Dakota is now the most expensive–and therefore best–place to live:
With a population that more than doubled since 2006 when the fracking fever gripped North Dakota, the town of Williston’s real estate prices have burst through the roof. Average monthly rents and leases now top those of New York City, making it the most expensive place to live in the country. An 800-square-foot, one-bedroom apartment will cost you somewhere in the range of $2,100 per month. A 1,400-square-foot plan, spacious in comparison, ranges around $3,500 a month. Add another $500-600 per month if you want it furnished.
Next step: North Dakota hipsters.
CAPITAL ONE SCREWS UP AGAIN: As if threatening to shut down Saverocity wasn’t enough, Capital One is also threatening to visit its customers at home:
Banks are known for sticking terms into the fine print that don’t always sit well with consumers. But on Tuesday, Capital One said it would rethink the wording of its credit card contracts after a little-known provision began attracting a lot of unwanted attention.
The contract, which states that Capital One can “contact you at your home and at your place of employment,” has been included in its credit card agreements for years, according to Pam Girardo, a bank spokeswoman. The contract further says that “we may contact you in any manner we choose,” including, where allowed by law, a “personal visit.”
Left unstated in the T&Cs was at what hour of the night Capital One would visit and whether or not they would knock before entering.
FINALLY: The Onion reports that American Airlines will phase out complimentary cabin pressurization. Let’s all hope the CEO of Spirit Airlines doesn’t fall for this.