Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Frontpage

Fidelity Bloom App: Open New Bloom Spend and Save Accounts, Deposit $50 and Earn Expired

$100 Cash Reward
(New Bloom Customers only)
+313 Deal Score
203,389 Views
Fidelity is offering New Bloom Customers: $100 Cash Reward when you Open 2 Fidelity Brokerage Accounts (Fidelity Bloom Spend and Fidelity Bloom Save) via the Fidelity Bloom App and Deposit $50 or more within 7 calendar days of opening the account (see the instructions below).

Thanks to community member hashir 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 (non-Bloom) customer
  5. They may then offer the following: $5 Bonus for signing up.
  6. You must deposit at least $50 within 7 calendar days to earn the $100 cash award
  7. The $100 cash award will be deposited directly into the Fidelity Bloom Save account within 10 days after the qualification period
  • Deal Image
  • Deal Image
Deal Image
Apply Now

Original Post

Written by
Edited August 19, 2023 at 08:14 AM by
Open a Bloom account and deposit $50 to get a $100 bonus. This is open to new Fidelity customers and existing Fidelity customers that don't have a Bloom account.

the Net Deposit at the end of the 7 calendar days after your initial funding date ("the Qualification Period") must be at least $50.

The cash award will be deposited directly to the Fidelity Bloom Save account within 10 calendar days after the qualification period.

https://www.fidelity.com/mobile/bloom
Add Comment
Reply
in Finance (5) Fidelity
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.

Check Out Similar Finance Deals

View All
NordVPN 2-Yr Plan – Up to 76% Off + FREE Amazon Gift Card ($20–$50)
3 3
Bank of America $100 Cash Bonus Offer for $1000 Deposit New Savings Account Targeted Offer
6 3
YMMV: Get $300 with a new Apple Card
14 16
Frontpage
PayPal.com
Select PayPal Accounts: Make a $10+ Purchase & Checkout with PayPal, Get $5 in Points
Get $5 in Points
250 127
Frontpage
Prime Visa: $200 Amazon Gift Card Instantly Upon Approval
41 68
IHG One Rewards Premier Credit Card: Earn 5 Free Nights, valued at up to 300,000 points, after spending $5,000 in the first 3 months from account opening
6 6
Deal
Score +313
203,389 Views
$100 Cash Reward
Apply Now
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.

551 Comments

View Forum Thread

Your comment cannot be blank.

Featured Comments

Looks fairly straightforward.
Technically opening 2 accounts. A debit & a brokerage account for them to invest your savings.
*edit: as pointed out below by SirMixPix, both accounts are technically brokerage accounts which changes the protections/guarantees a bit.

Anyone seeing fees? I'm not.

looks like even better than OP claimed:

+$5 just for signing up (YMMV, this happened during sign up process for me. it is already showing up in the app under Activity for me)
+$100 if you fund $50 per promo
+$30 (10% match bonus on up to $300 deposit to SAVE account)

so if you park $300 in this for a while you'll get $135 in bonuses (I wasn't sure re timing and didn't dig into the details, others have made educated guesses in comments below)
Updates:
Sounds like they check settled funds at the end of the month and you get the bonus early in the next month.
the 10% is an intro bonus rate, looks like 5% for future years.

edit 2:
185TU and not frontpage?
is it the lack of kickback money for SD since it's via app signups and not a direct affiliate link or what?
wild the promoted garbage that gets pumped to the frontpage with very little engagement while this doesn't. apparently the Lisen phone holder & ESR plastic phone cases are more noteworthy lol

edit 3:
I got my full bonus
8/18 signed up. immediately got $5 bonus
8/21 ACH transfer posted ($300)
8/30 $100 bonus posted
9/01 $30 match bonus posted
·
Keep in mind, both the accounts are brokerage funds and, while uncommon for low risk mutual funds of these types to lose money, they have and can (in rare instances). They are not fdic protected and do carry more risk, albeit slight, than a 'standard' back account covered under FDIC insurance.
These brokerage accounts are instead SIPC covered, which while similar to FDIC insurance, there are some significant differences.
A good article explaining what is covered and what isn't here: https://www.firstrepublic.com/ins...ifferences
Interesting Quote from above article:
"It's worth noting that SIPC insurance does not cover the value of your stocks, bonds or other investments. Rather, the SIPC replaces your missing stocks and other securities when possible."
I am Not knocking this deal or the opening of accounts to get the deal. Just some fyi that I found while exploring the fine print that I found interesting.
·
Got the $5. Currently a Fidelity credit card + brokerage customer as well.

I attached a picture of where you see the $5 bonus.
·

Sign up for a Slickdeals account to remove this ad.

Joined Feb 2008
L2: Beginner
> bubble2 30 Posts
10 Reputation
ncgo
08-20-2023 at 09:55 AM.
08-20-2023 at 09:55 AM.
I linked my newly created Bloom account to my Fidelity account. Now, when I try to load funds into Bloom all it shows me being able to add funds to my regular Fidelity account. The Bloom account does not show up in the 'Transfer To'. Any suggestion?
Reply
Joined Dec 2022
L2: Beginner
> bubble2 57 Posts
slickdeal1024
08-20-2023 at 10:12 AM.
08-20-2023 at 10:12 AM.
Quote from sarcasmogratis :
Looks fairly straightforward.
Technically opening 2 accounts. A debit & a brokerage account for them to invest your savings.
*edit: as pointed out below by SirMixPix, both accounts are technically brokerage accounts which changes the protections/guarantees a bit.

Anyone seeing fees? I'm not.

looks like even better than OP claimed:

+$5 just for signing up (YMMV, this happened during sign up process for me. it is already showing up in the app under Activity for me)
+$100 if you fund $50 per promo
+$30 (10% match bonus on up to $300 deposit)

so if you park $300 in this for a while you'll get $135 in bonuses (I wasn't sure re timing and didn't dig into the details, others have made educated guesses in comments below)
Updates:
Sounds like they check settled funds at the end of the month and you get the bonus early in the next month.
the 10% is an intro bonus rate, looks like 5% for future years.
To wrap up, just open this fidelity bloom account, you would get two accounts: spend and savings
And just transfer $300 to SAVINGS account rather than spend account, and after qualifying period, you would get 100+30 bonus at least?
1
Reply
Joined Dec 2022
L2: Beginner
> bubble2 57 Posts
slickdeal1024
08-20-2023 at 10:14 AM.
08-20-2023 at 10:14 AM.
Quote from sarcasmogratis :
Looks fairly straightforward.
Technically opening 2 accounts. A debit & a brokerage account for them to invest your savings.
*edit: as pointed out below by SirMixPix, both accounts are technically brokerage accounts which changes the protections/guarantees a bit.

Anyone seeing fees? I'm not.

looks like even better than OP claimed:

+$5 just for signing up (YMMV, this happened during sign up process for me. it is already showing up in the app under Activity for me)
+$100 if you fund $50 per promo
+$30 (10% match bonus on up to $300 deposit)

so if you park $300 in this for a while you'll get $135 in bonuses (I wasn't sure re timing and didn't dig into the details, others have made educated guesses in comments below)
Updates:
Sounds like they check settled funds at the end of the month and you get the bonus early in the next month.
the 10% is an intro bonus rate, looks like 5% for future years.
To wrap up, just open this fidelity bloom account, you would get two accounts: spend and savings
And just make a one time $300 transfer to SAVINGS account rather than spend account, and after qualifying period, you would get 100+30 bonus at least?
Reply
Joined Feb 2007
L10: Grand Master
> bubble2 13,971 Posts
Pro
sarcasmogratis
08-20-2023 at 10:44 AM.
08-20-2023 at 10:44 AM.
Quote from slickdeal1024 :
To wrap up, just open this fidelity bloom account, you would get two accounts: spend and savings
And just make a one time $300 transfer to SAVINGS account rather than spend account, and after qualifying period, you would get 100+30 bonus at least?

That is my understanding 👍
Reply
Joined Dec 2007
Veteran
> bubble2 946 Posts
572 Reputation
Pro
The Beast
08-20-2023 at 10:50 AM.
08-20-2023 at 10:50 AM.
Quote from person1976 :
I think you can. The FAQ says, "Eligible deposit types include: Recurring deposits; cash-back shopping rewards; Round Up deposits; and one-time transfers into Save from Spend, outside accounts, or any of your other Fidelity accounts."
For the 10% bonus, it looks like you can transfer from existing Fidelity accounts. But for the $100, it must be from external accounts.

To redeem the $100 offer, you have the length of the qualification period (7 calendar days) to deposit a total of $50 minimum from an outside financial institution.
Reply
Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,411 Posts
71 Reputation
mcali786
08-20-2023 at 10:59 AM.
08-20-2023 at 10:59 AM.
Quote from Playswithsquirrel :
If you want the 10% match, deposit into the Save account. Otherwise, deposit in either Save or Spend for just the $100.
Thanks 🙏
Reply
Joined Dec 2017
New User
> bubble2 16 Posts
10 Reputation
dr4usm
08-20-2023 at 11:03 AM.
08-20-2023 at 11:03 AM.
Just transferred 300 from a checking account into the savings. Hopefully it works.
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Apr 2007
null
> bubble2 393 Posts
14 Reputation
leland
08-20-2023 at 11:05 AM.
08-20-2023 at 11:05 AM.
Wondering if I screwed this up, transferred money from an existing account to ensure non-zero balances then added external funding.

Did I get the steps for the bonus wrong?
Reply
Joined Aug 2020
DudeWhoFishes
> bubble2 123 Posts
HellaSupBro
08-20-2023 at 01:13 PM.
08-20-2023 at 01:13 PM.
Quote from fr0stedflakes :
Signed up for the bonus, but this may be worth keeping around for the $0.10 cash back per swipe on the debit card. Similar to the Citi Rewards+ credit card, might be good to keep in your wallet for purchases a couple bucks or less, like buying a soda at the gas station, for example.
why the rewards +? what does that get ya? I believe i have one from a loooong time ago that i never use
Reply
Joined Aug 2020
DudeWhoFishes
> bubble2 123 Posts
HellaSupBro
08-20-2023 at 01:38 PM.
08-20-2023 at 01:38 PM.
Quote from slickdeal1024 :
To wrap up, just open this fidelity bloom account, you would get two accounts: spend and savings
And just make a one time $300 transfer to SAVINGS account rather than spend account, and after qualifying period, you would get 100+30 bonus at least?
What if you deposited 50 to spend and 300 to save? Im hoping i still get the same bonus
Reply
Joined Aug 2021
L2: Beginner
> bubble2 127 Posts
106 Reputation
fr0stedflakes
08-20-2023 at 02:43 PM.
08-20-2023 at 02:43 PM.
Quote from HellaSupBro :
why the rewards +? what does that get ya? I believe i have one from a loooong time ago that i never use
A perk of the Rewards+ is that it rounds cash back points up to the nearest multiple of 10 points. So say you make a $1 purchase, with a flat 2% card like the Citi Double Cash, you would normally get 2 points ($0.02). But with the round up on the Rewards+, it's 10 points ($0.10) for the same purchase amount. Effectively makes it a 10% cash back card if you spend $1, 5% for $2, 3.3% for $3, etc.

It doesn't round up for all purchase amounts like the Rewards+, but Bloom card just struck me as similar since it does offer a flat $0.10 regardless of amount. It's kind of a niche use case, but means that both offer pretty good effective cash back rates when you're only charging a few dollars or less on your card.
Reply
Joined Aug 2020
DudeWhoFishes
> bubble2 123 Posts
HellaSupBro
08-20-2023 at 02:49 PM.
08-20-2023 at 02:49 PM.
Quote from fr0stedflakes :
A perk of the Rewards+ is that it rounds cash back points up to the nearest multiple of 10 points. So say you make a $1 purchase, with a flat 2% card like the Citi Double Cash, you would normally get 2 points ($0.02). But with the round up on the Rewards+, it's 10 points ($0.10) for the same purchase amount. Effectively makes it a 10% cash back card if you spend $1, 5% for $2, 3.3% for $3, etc.

It doesn't round up for all purchase amounts like the Rewards+, but Bloom card just struck me as similar since it does offer a flat $0.10 regardless of amount. It's kind of a niche use case, but means that both offer pretty good effective cash back rates when you're only charging a few dollars or less on your card.
i did not know that about the rewards+ card. thanks! ill have to use it for small purchases more frequently
Reply
Joined Aug 2010
L7: Teacher
> bubble2 2,413 Posts
195 Reputation
DrGreenthumb
08-20-2023 at 04:28 PM.
08-20-2023 at 04:28 PM.
Seems like free money as long as you have $300 you can be without for a month. My wife and I will do this.
Reply
Joined Aug 2010
L3: Novice
> bubble2 234 Posts
32 Reputation
0ldhat
08-20-2023 at 06:04 PM.
08-20-2023 at 06:04 PM.
Quote from Syrinxx :
Nerdwallet says that Bloom shut down in 2022. I guess they re-opened? Anyway seems like a good deal
That's a OLD report @Nerdwallet. It did shut down back then but, re-invented itself and re-opened.
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,411 Posts
71 Reputation
mcali786
08-20-2023 at 08:07 PM.
08-20-2023 at 08:07 PM.
On iOS I don't See the $5 retention to complete the process
Reply
Page 9 of 37
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.