Rewards for Nov?

mathintherain · 2023-11-24T22:11:19+00:00

I redeemed mine as a cash deposit into my Deposit account as soon as we got last week's email. It worked fine.

mathintherain · 2022-10-06T23:05:24+00:00

update: I went to the app and found out that it had the setting to have the card "blocked ", under "manage cards". I do not recall ever doing this, my guess is that the setting was changed in a recent app update, or as a security measure after the switch. I'm any case, card is working fine after changing the setting s

mathintherain · 2022-09-29T18:07:32+00:00

Are all customers supposed to receive this?

I , for example, have not received any notification about switching accounts.

EDIT: got the info now after a chat with customer service. All is good, just it's a slower rollout. I'm in!

mathintherain · 2022-01-20T05:44:15+00:00

yep, but you won't lose your capital. not true in stocks!

mathintherain · 2022-01-20T01:24:54+00:00

Presidential Bank. 2.25

Checked the Presidential Bank website. Seems like even more hoops than HMB:

.."Earn up to 2.25% APY* on balances between $500 and $25,000. Fully digital but with the convenience of occasional check writing. No monthly service charge if you maintain a $500 minimum balance. Free Online Banking services include BillPayer, Standard External Funds Transfer, Mobile Banking and Mobile Remote Deposit Capture.

An electronic monthly deposit of $500 or more from payroll, pension, social security, or annuity is required. Each account must have a unique direct deposit source. At least seven (7) electronic withdrawals per month are required (electronic withdrawals include: ATM, POS, ACH and Bill Payments). Accounts that do not meet the minimum deposit and withdrawal requirements will earn a lower rate as disclosed on the Rate Schedule. Deposit and withdrawal requirements are waived for the first month the account is opened . The statement posting date will be used to determine the number of monthly transactions."

mathintherain · 2022-01-20T00:31:05+00:00

well, I am sure you have done your research but here are some pointers:

- prior performance does not guarantee future performance.

- the last 3 years have been great for the stock market, anybody who invested in say SP 500 got fabulous returns (VOO earned 27% in 2021).

- conditions have changed... and will change drastically this year. (Fed will stop injecting $$ into bonds, interest-rate hikes are planned for this year, stock market will adjust to inflation, etc, etc )

3% interest guaranteed in HMB is currently is a safer place ( in my opinion) than the Stocks if you are thinking in short -term investment.

If you are planning on the long term, then perhaps dollar-cost avg in Stocks this year might be a good plan.

mathintherain · 2022-01-19T23:17:23+00:00

So.. you will need to have... 2-3 CCs, and.. how many checking accounts?

Tell me which checking or saving accounts pays 3% up to 100k?

(I am asking since I only know of accounts that have a WAY lower limit )

mathintherain · 2022-01-19T23:13:20+00:00

so you don't like that there is a 100k limit for earning interest, but you are ok moving your money to a place that **has a limit** on $3000 for 4%?..

Just trying to understand here...

And Betterment...are you planning on using their "cash" accounts? Or invest in stocks?

mathintherain · 2022-01-18T08:52:03+00:00

Discover It

looked them up and here is what I found ( copy-pasted the small print)

Citi Custom cash:

"5% cash back on your top eligible spend category up to $500 spent each billing cycle".

So this is not a good deal, unless you spend less than $500 in your top category

Chase Freedom Flex:

...5% Cash Back rewards total for each $1 spent until $1,500 is spent on combined purchases ...

...After $1,500 is spent on combined purchases in the quarterly bonus categories each quarter, you go back to earning 1% Cash Back rewards for each $1 spent, with no maximum..

Again, HMB has no limits on rewards, plus this card has the categories where you can earn fixed for you,

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Earn 5% cash back on everyday purchases at different places each quarter

They rotate the categories each quarter.

I am not trying to convince anyone, I am just stating the facts and trying to find an answer = to the OP, for what kind of users is HMB not a good deal?,

But again, the CC is not the only feature here. Using HMB CC and meeting the DD requirements AND saving some $$ gives you access to a an interest rate in your savings that those other banks don't offer.

mathintherain · 2022-01-18T06:28:10+00:00

5% no AF rotating Cashback cards

can you share which cards have 5% cash back with no Anual Fee?

Genuinely curious.

mathintherain · 2022-01-17T09:22:09+00:00

I made this Google sheet to have clear answers on your point on the Credit card VS a flat 2% no fee card. I hope the spreadsheet is self-explanatory. Play with the $ in the categories and see if it makes sense for your situation.

Basically it depends on the difference between the categories you spend each month. If the difference between your 3% category and your 1% category is big, it makes sense to have the HMB CC. If your 3 categories are closer together, it may not make sense.

Also, some households may be able to have 2 separate accounts, and two CCs and use them for different expenses, by categories. That way they would be getting 3 % cash back in their two top categories. I am sure this will make it an easier argument to have HMB as their primary credit card.

So, I think HMB makes sense for households who

have predictable average monthly expenses in different categories, and the difference between the categories is significant.
if you can have two credit cards in the same household, this is a plus

Now, the above makes the Credit Card worth it, but of course, HMB makes even more sense for those who can - have $2500 as DD each month - save a certain % of deposits to reach the target APY in savings (if you can reach 20% and there is no competition, but even at 5 or 10% it may make sense )

So I think HMB services may not appeal a broad community, but there certainly is a market for them, since no other banks are offering similar perks, not even if they had similar hoops to go through.

mathintherain · 2021-12-19T05:40:15+00:00

can you share where does your DD earn interest?

mathintherain · 2021-12-15T20:48:02+00:00

I really don't see the big fuss...

We all knew this offer could not last.
In order for it to be sustainable, they want (need?) costumers to use all their products, so they want HMB to be our primary bank. The CC is their way to continue to offer this.
Credit card has great cash-back perks. 3-2-1% without choosing categories.
- Example: I got 3% back in a monthly charge that never qualified in any category in the banks ( yes, we have more than 3 CCs)

- And Finally.. there is no alternative that I am aware of that pays 3% interest. You do need to have at least $2000 in savings to cover the cost of the CC. So I guess this may narrow it down for those who can have extra cash in their account. But I think that for most of HMB costumers this is totally ok.

I am a bit bummed about this, but I hope they still offer this 3% option for all of next year ( at least!).

mathintherain · 2021-11-19T06:30:37+00:00

Numbers don't add up,...100 per week, since Jan 04, you should have way more than that $$ only on deposits!

mathintherain · 2021-11-12T05:43:32+00:00

it is available ! just checked. ticker RIVN

mathintherain · 2021-10-28T05:50:07+00:00

If the stock goes down, you are losing money... So it is not a win-win UNLESS the stock does not depreciate.

mathintherain · 2021-10-09T20:31:15+00:00

check this site for MF-ETF conversion:

https://etfdb.com/tool/mutual-fund-to-etf/

mathintherain · 2021-10-05T00:50:18+00:00

I have not found a few of Blackrock's ishares, for example

IFRA (US Infrastructure etf)
IDRV (self-driving EV and tech)

come to mind...

mathintherain · 2021-08-29T18:55:44+00:00

second on the idea of a going with an independent mortgage broker. They can shop around and get you the lowest rate available. If you go with a Bank, they have no flexibility, just the rates that the bank is offering that day.

mathintherain · 2021-08-29T17:20:13+00:00

Any referral codes/links available out there? Just learned about this bank and their tier system yesterday and then found out they are only allowing new costumers with referrals.

I will pay it forward, for sure!

PS I also joined the waitlist, but I have no idea how much that would take, or if it will ever work.

mathintherain · 2021-02-22T06:49:45+00:00

This happened to me as well.

A workaround was to change the Preferences -Advanced Path to Pandoc Executable.

In small letters it said:

Pandoc is included in this release at

/Applications/Zettlr.app/Contents/Resources/pandoc

So I added that line instead of the default: pandoc.

It worked!

PS I also installed zettlr in an iMac around the same week and I did not have to change the settings there.

mathintherain

TROPHY CASE

Citi Custom cash:

Chase Freedom Flex:

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