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Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $25 and Earn Expired

$50 Cash Reward
+59 Deal Score
50,968 Views
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.

Deal Instructions:
  1. Download the Fidelity Bloom App (iOS or Android)
  2. Open the App and click on "Learn More"
  3. 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
  4. 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
  5. 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".
  6. You must deposit at least $25 within 7 calendar days to earn the $50 cash award
  7. The $50 cash award will be deposited directly into the Fidelity Bloom Save account within 10 days after the qualification period

Attachments

Fidelity Bloom Financial App Save Spend Bloom Fidelity.pdf 1.64 MB View
Fidelity Bloom℠ FAQs Fidelity.pdf 274.3 KB View

Original Post

Written by
Edited April 13, 2023 at 10:09 AM by
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)
Instructions:
  1. Download Fidelity Bloom app (iOS [apple.com] | GP [google.com])
  2. 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)
  3. 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.
  4. Within 10 calendar days after the $25 min deposit, Fidelity deposits $50 into your Bloom Save account.
  5. 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.
  6. 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 $300 in 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
Attachment 13355084 Attachment 13355087
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.
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Deal
Score
+59
50,968 Views
$50 Cash Reward
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.

104 Comments

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Featured Comments

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. Smilie
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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Joined Apr 2016
L4: Apprentice
> bubble2 1,447 Posts
222 Reputation
StefanoM3235
05-03-2023 at 04:09 PM.
05-03-2023 at 04:09 PM.
Quote from ChaChing23 :
Now that's some work. It's 10% back, though (if you're paying $1.00 per transaction). Will your auto insurance carrier and healthcare insurance provider allow/accept 15 debit card transactions per day?

How much are you paying in each transaction? $1.00? (Less? Is there a minimum transaction amount?) And then you get back $0.10 per transaction in your Fidelity Bloom Save account?

I have the same questions 🤣
Reply
Joined May 2023
New User
> bubble2 1 Posts
10 Reputation
SiennaPenguin131
05-03-2023 at 04:59 PM.
05-03-2023 at 04:59 PM.
Quote from StefanoM3235 :
I have the same questions 🤣
Who is paying for health insurance on their own? Pretty sure most people have their health insurance from their employer and any individual cost would be paid through your paycheck.

Virtually every company has a minimum of $1 per transaction. Heck Comcast increased it to $10 minimum. $1 x 15 per day x 30 days = $450 per month. What bill do you have which is $450 per month and you can pay online with $1 minimum and no credit card payment fees? That's virtually non-existent. You can overpay your account but how much are you willing to prepay your bills?

If your auto insurance is that much, you'll save more by selling your car and riding Uber than doing this to earn 10 cents per transaction.
4
Reply
Joined May 2007
L6: Expert
> bubble2 1,942 Posts
248 Reputation
KLondike5-1212
05-09-2023 at 08:24 PM.
05-09-2023 at 08:24 PM.
Quote from devspace :
Thank you.. Setup was breeze in the app and opened up for myself/spouse.
Separately, I hope.
Reply
Joined Nov 2017
L2: Beginner
> bubble2 67 Posts
42 Reputation
GimmieABreak
05-09-2023 at 08:54 PM.
05-09-2023 at 08:54 PM.
Would this be a good idea for kids?
Reply
Joined Apr 2020
L6: Expert
> bubble2 1,353 Posts
144 Reputation
indelible
05-09-2023 at 09:25 PM.
05-09-2023 at 09:25 PM.
Deposited 300 on 4/14, got my bonuses (by 5/1) and now I have $386. Never even had to use these accounts/card for the $5 and 1 bonuses.

50 for depositing 25
30 for depositing 300 "savings match"
5 for "cash back shopping"
1 for "cents per swipe"
Reply
Joined May 2006
L2: Beginner
> bubble2 74 Posts
35 Reputation
j4mes
05-11-2023 at 10:20 AM.
05-11-2023 at 10:20 AM.
The Bloom app does not have the ability to Make check deposits. But I found it is possible to do a check deposit into your Bloom account by using the normal Fidelity app. At least if you have a Fidelity account and are using the same login. If not it may be worth trying to login to the Fidelity app using your Bloom login to see if that is an available option.
Reply
Joined May 2014
L10: Grand Master
> bubble2 10,791 Posts
44,349 Reputation
Original Poster
rsvpd
05-15-2023 at 10:39 AM.
05-15-2023 at 10:39 AM.
Quote from ChaChing23 :
Now that's some work. It's 10% back, though (if you're paying $1.00 per transaction). Will your auto insurance carrier and healthcare insurance provider allow/accept 15 debit card transactions per day?

How much are you paying in each transaction? $1.00? (Less? Is there a minimum transaction amount?) And then you get back $0.10 per transaction in your Fidelity Bloom Save account?
No min. There are some payees available through Paypal [paypal.com]. For Healthcare premiums, some are self-employed or have insurance through healthcare.gov.
Quote from GimmieABreak :
Would this be a good idea for kids?
There's a different product for Kids/Teens - link to deal thread
Reply

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Joined May 2004
L5: Journeyman
> bubble2 946 Posts
84 Reputation
Bunduckie
05-17-2023 at 07:43 AM.
05-17-2023 at 07:43 AM.
Is this dead or still live?
Reply
Joined Dec 2011
Two Minds Became One
> bubble2 13,422 Posts
Peerless_Warrior
05-17-2023 at 10:50 AM.
05-17-2023 at 10:50 AM.
Quote from Bunduckie :
Is this dead or still live?
The bonuses show in app, so alive. You MUST use the app
Reply
Joined Dec 2007
L5: Journeyman
> bubble2 708 Posts
125 Reputation
ChaChing23
05-18-2023 at 08:42 AM.
05-18-2023 at 08:42 AM.
Quote from rsvpd :
No min. There are some payees available through Paypal [paypal.com]. For Healthcare premiums, some are self-employed or have insurance through healthcare.gov.
Will your auto insurance carrier and healthcare insurance provider allow/accept 15 debit card transactions per day?

How much are you paying in each transaction? $1.00?

And then you get back $0.10 per transaction in your Fidelity Bloom Save account?
Reply
Joined Dec 2009
L4: Apprentice
> bubble2 313 Posts
18 Reputation
natureboy621k
06-24-2023 at 10:03 AM.
06-24-2023 at 10:03 AM.
Is this offer still valid? I do not see it on the app
Reply
Joined Dec 2011
Two Minds Became One
> bubble2 13,422 Posts
Peerless_Warrior
06-24-2023 at 06:50 PM.
06-24-2023 at 06:50 PM.
Quote from natureboy621k :
Is this offer still valid? I do not see it on the app
https://www.fidelity.com/mobile/bloom-faqs

Go to the rewards tab in the app, then check "earn more". See if they're mentioned there.
Reply
Joined Jul 2018
L3: Novice
> bubble2 204 Posts
puncturepremium
07-13-2023 at 04:35 PM.
07-13-2023 at 04:35 PM.
Hmmm only got 36 total. Offer for 10 cents per swipe was mentioned but not explicitly offered.... Tested with $1 purchase at Amazon but no 10 cents. Will withdraw at end of the month since I'm already a Fidelity member and this is just bonus money smh
Reply
Joined Mar 2009
L9: Master
> bubble2 4,033 Posts
521 Reputation
SpeedEuphoria
08-15-2023 at 07:43 AM.
08-15-2023 at 07:43 AM.
I can't seem to find if there was a requirement on how long funds need to stay in account before withdrawal. I've only seen a 7 day qualification period for bonus.

I'm way over 90days and assume I can withdraw without penalty?
Reply

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Joined Dec 2011
Two Minds Became One
> bubble2 13,422 Posts
Peerless_Warrior
08-17-2023 at 12:46 AM.
08-17-2023 at 12:46 AM.
Quote from SpeedEuphoria :
I can't seem to find if there was a requirement on how long funds need to stay in account before withdrawal. I've only seen a 7 day qualification period for bonus.

I'm way over 90days and assume I can withdraw without penalty?
The interest rate on the account's core position is 4.97%. I left the money I deposited, because it's higher than some HYSA accounts.

SPRXX is a little over 5%.
Reply
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