Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $25 and Earn
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$50 Cash Reward
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Fidelity is offering a $50 Cash Reward when you Open 2 Fidelity Brokerage Accounts (Fidelity Bloom Spend and Fidelity Bloom Save) via the Fidelity Bloom App and Deposit $25 or more within 7 calendar days of opening the account (see the instructions below).
Thanks to community member rsvpd for sharing this deal.
Click on "Sign up" and you will begin the process to open the accounts and get a debit card
Spend Account is for everyday spending and is linked to your debit card
Save Account is where you'll keep track of your savings
You will then click on "Open accounts" where you will be prompted to verify your identity and set up an account
Note, you can log in with your Fidelity information if you are a current customer
They may then offer the following (make sure to claim if offered): "Earn $0.10 per purchase every time you use the Fidelity Bloom debit card, while you wait for your debit card we will jumpstart your Save balance by giving you $1".
You must deposit at least $25 within 7 calendar days to earn the $50 cash award
The $50 cash award will be deposited directly into the Fidelity Bloom Save account within 10 days after the qualification period
Editor's Notes & Price Research
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Offer is limited to one cash reward per individual.
Review the offer page for the complete terms and conditions.
More information about this account can be found here.
Additional Account Benefits include:
Receive a 10% match from Fidelity—on your first $300 of deposits into your Fidelity Bloom Save account.
Earn a 10-cent reward into your Fidelity Bloom Save account every time you use your Fidelity Bloom debit card.
Receive up to 25% cash back when you shop in-app with 1,100+ participating retailers.
See the forum thread for deal discussion and ideas.
Attachments
Fidelity Bloom Financial App Save Spend Bloom Fidelity.pdf1.64 MBView
Links in .pdfs of T&C and FAQ's are clickable. Quick Links to Fidelity Investments Accounts - Login on Browser[fidelity.com] | Fidelity Mobile: iOS[apple.com] | GP[google.com](Bloom accounts appear w/ your other Fidelity accounts)
Fidelity[fidelity.com] is offering a $50 Cash Sign-Up Bonus for new or existing Fidelity Brokerage Services LLC ("Fidelity") customers who open a new Fidelity Bloom Spend & Bloom Save account in the Fidelity Bloom app & fund with a min. of $25 within 7 calendar days of account sign-up. Offer is limited to one cash award per individual.
After account is set up, you MAY see 2 other "Reward Offers" to Earn an additional $6 Cash Reward. Tap the Claim my reward button. Below are the title of the screens & Name of Rewards in Spend account after they post (scroll to bottom of OP for screenshots):
$5 for Save and spend? What a combo! | Rewards (Cash-back shopping)
$1 for Get ready to swipe and save | Rewards (Cents per swipe)
In the Bloom app, open a Bloom Spend & Bloom Save brokerage account:
If you have an existing Fidelity account, you can Sign Up using the same login credentials (e.g. if you have FiDO CC[fidelityrewards.com], use the login for Fidelity Brokerage - Not the login for CC)
Deposit a total of at least $25 in either account from an outside financial institution within 7 calendar days of opening your Bloom accounts.
Fund your Bloom accounts from your bank account with an electronic funds transfer (EFT) or through a third-party payment app such as Venmo or PayPal.
Within 10 calendar days after the $25 min deposit, Fidelity deposits $50 into your Bloom Save account.
You do not need to keep your cash reward for the $50 offer in Bloom or in a Fidelity account. Once the reward is deposited, it is yours to save, spend, or invest however and wherever you wish.
You'll receive a debit card that automatically deposits your earnings and rewards into Bloom Save account. The Bloom debit card is issued by Leader Bank & the debit card program is administered by BNY Mellon Investment Servicing Trust Company.
Other Features:
Earn a 10-cent Reward Every Time You use Your Bloom Debit Card
Limit of 15 purchases per day
Reward is automatically deposited into your Bloom Save account.
Annual Match on up to $300in Eligible Deposits; Earnings Deposited Monthly -- For a Limited Time: Match Rate is 10% (Max payout of $30):
You don't have to deposit all $300 at once; you can make multiple deposits to get the full match in Fidelity Bloom. The time frame to earn toward this reward in is from the day you open your accounts until the end of that same calendar year.
Match rewards are deposited to your Bloom Save account & based on eligible deposits into your Bloom Save account in a calendar year and resets annually.
Eligible deposits include: Transfers from outside or other Fidelity accounts, cash-back shopping rewards, and Round Up deposits.
Match earnings are distributed monthly until you reach the maximum payout; this is calculated on the qualifying deposits from the previous month. Eligible deposits need to be settled in their account in order to be calculated as part of your savings match reward which can take up to 5 business days, depending on deposit method.
Examples - If the Save account balance on July 31 includes:
$300 in eligible deposits, you'll receive the max payout of $30 in early August
$100 in eligible deposits, you'll receive a payout of $10
Screenshots of 2 Bonus Offers (Earn Additional $6 Cash Reward):
Rewards Details
Rewards Posted
Notes:
Fidelity Bloom accounts are brokerage accounts covered by SIPC insurance. Holdings in your Fidelity Bloom accounts are subject to market risk and risk of loss. Brokerage accounts are not bank accounts & are not covered by FDIC insurance.
These responses 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.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
I hate the idea of having banking apps on my phone, since I'm always afraid I'll somehow lose it (though I can't recall ever having lost one)... I went ahead and downloaded the app, and since I had previously created a Fidelity account (from a "open X account, deposit $50 and we'll give you $100 offer), I logged in with that. I created the Bloom Save / Spend accounts, but did not see any offers.
Turned out I had to "drag down" on the main page (click on the "House" icon), and eventually the "Save $300, earn $30" offer came up, so I went through that. I couldn't get a banner for the "Save $25, we'll give you $50 offer), so hopefully that'll be automatic once the $300 hits the account.
Just thought I'd post my experience, in case it helped anyone.
15 transactions a day for $1.50? Is this worth your time? Possibly if there is a way to set up auto pays / schedule.
Thank you.. Setup was breeze in the app and opened up for myself/spouse.
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Hmm...any users care to input. Intrigued as to why this is useful over a regular bank account or a credit card earning points back with every purchase. 🤔
Hmm...any users care to input. Intrigued as to why this is useful over a regular bank account or a credit card earning points back with every purchase. 🤔
10 cents per card transaction might be more cash back than your credit card depending on the amount charged. you also have a 10% match on deposits up to $30 match. To me its just an easy way to make an extra 80 dollars, ill close the account in a month or so. But may be a good account for a kid with its high cash back rewards on small transactions
Make $1 transactions and pay your cable bill or/and other utility bill that accept cards up to 15 times and earn $1.50 daily. do that daily to max the match.
I updated the OP with 2 Bonus Rewards that MAY appear after account set-up: $5 Reward and $1 Reward. $6 posted to my account this morning! I set up my Bloom accounts yesterday morning. Later in the day, I returned to the app to set up the funding & initiate the $25 deposit (this required entering my checking account info from an external bank).
There are the 2 Bonus Rewards offers that appeared for me: $6 posted to my account this morning! $6 is avail for immediate withdrawal. I can't remember if these offers were after I set up the accounts OR after I set up the funding of the deposit.
Screenshots of the 2 Bonus Reward offers & After they posted to my account:
Bonus Rewards Details
After Rewards Posted
There's a min of $10 to transfer/withdraw (ETF) to your external bank account. I think you can transfer to Paypal. I went the long way & transferred the $6 to the Brokerage account that is associated w/ my FiDO CC. & then transferred to Paypal. The $6 is now in my Paypal account!
Make $1 transactions and pay your cable bill or/and other utility bill that accept cards up to 15 times and earn $1.50 daily. do that daily to max the match.
15 transactions a day for $1.50? Is this worth your time? Possibly if there is a way to set up auto pays / schedule.
I hate the idea of having banking apps on my phone, since I'm always afraid I'll somehow lose it (though I can't recall ever having lost one)... I went ahead and downloaded the app, and since I had previously created a Fidelity account (from a "open X account, deposit $50 and we'll give you $100 offer), I logged in with that. I created the Bloom Save / Spend accounts, but did not see any offers.
Turned out I had to "drag down" on the main page (click on the "House" icon), and eventually the "Save $300, earn $30" offer came up, so I went through that. I couldn't get a banner for the "Save $25, we'll give you $50 offer), so hopefully that'll be automatic once the $300 hits the account.
Just thought I'd post my experience, in case it helped anyone.
Does anyone know if it matters which fidelity account I fund? I can either fund the Bloom Spend or Bloom Save. Also, is there a confirmation/promo code I need to enter somewhere?
Does anyone know if it matters which fidelity account I fund? I can either fund the Bloom Spend or Bloom Save. Also, is there a confirmation/promo code I need to enter somewhere?
I don't recall the option of choosing which Bloom account to deposit. The $25 deposit shows pending in the Save account. There's not a promo code. In the app, after signing up, you'll a screen that displays: Get $50 on Us:To help jump-start your savings journey, we'll give you $50 once you deposit at least $25 into your Save or Spend
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Turned out I had to "drag down" on the main page (click on the "House" icon), and eventually the "Save $300, earn $30" offer came up, so I went through that. I couldn't get a banner for the "Save $25, we'll give you $50 offer), so hopefully that'll be automatic once the $300 hits the account.
Just thought I'd post my experience, in case it helped anyone.
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There are the 2 Bonus Rewards offers that appeared for me: $6 posted to my account this morning! $6 is avail for immediate withdrawal. I can't remember if these offers were after I set up the accounts OR after I set up the funding of the deposit.
Screenshots of the 2 Bonus Reward offers & After they posted to my account:
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15 transactions a day for $1.50? Is this worth your time? Possibly if there is a way to set up auto pays / schedule.
Turned out I had to "drag down" on the main page (click on the "House" icon), and eventually the "Save $300, earn $30" offer came up, so I went through that. I couldn't get a banner for the "Save $25, we'll give you $50 offer), so hopefully that'll be automatic once the $300 hits the account.
Just thought I'd post my experience, in case it helped anyone.