Chase x DoorDash: Free DashPass Membership, Free Monthly/Quarterly Credits

Posted on February 5, 2025 // 1 Comment

Many Chase cardholders get select DoorDash perks when they activate their free DashPass membership, and these were slightly updated as of 2/1/25. This includes monthly or quarterly credits on the Chase Sapphire Reserve, Chase Sapphire Preferred, J.P.Morgan Reserve, Chase Slate, and Chase Freedom. It also includes all Chase Co-Brand credit cards except the Amazon Rewards Visa Card, Instacart Mastercard, and DoorDash Rewards Mastercard, such as:

Chase Southwest cards
Chase Marriott cards
Chase United cards
Chase Disney cards
Chase IHG cards
Chase British Airways cards
Chase Aer Lingus cards
Chase Iberia cards
Chase World of Hyatt cards

Here is the complete FAQ from DoorDash, which contains a handy summaru of the free credits.

The Chase Sapphire Reserve and JP Morgan Reserve cards now get a $5 monthly credit that is good toward restaurant orders and should be stackable with one other promotion (like a $10 off or 25% off coupon). You must use the specific card as payment method. Honestly, touting a $5 credit feels rather “meh” (mid?) for what is supposed to be an “ultra-premium” card.

Most of the credits are “non-restaurant”, which means grocery, convenience, or retail stores. To avoid delivery fees and driver tips, you can look for grocery or convenience stores in your local area that allow pickup. Unfortunately, I don’t have any nearby, so I rarely use these credits. The net savings otherwise is significantly reduced when I consider the hidden price markups, delivery fees, and driver tips.

Filed Under: Credit Cards, Deals & Offers //

Aven Credit Card: Backed by Home Equity (Free Costco Executive Membership)

Posted on February 3, 2025 // Leave a Comment

The Aven Credit Card is a new-ish credit card with 2% cash back that uses your home equity (HELOC) to get lower interest rates. Right now they have a new Costco offer, but you have to read the fine print. The offer includes a free 1-Year Executive Membership, which is issued as a one-time $135 credit on your Aven card within the first statement cycle. It’s not clear if you have to actually charge the membership to your card, as they are not closely affiliated with Costco.

However, they also advertise “4% cash back at Costco”, but that’s really just their standard 2% cash back plus Costco’s annual 2% membership reward certificate for Executive Members. They don’t actually pay 4% cash back on Costco purchases. That really reduces the potential draw of this card, as all we have left is the $135 one-time credit. I might have forgiven them if they actually covered my Costco membership every single year. Not worth a hard credit check.

Here’s their language on how the credit card works:

Aven combines the convenience of a credit card with the savings of a home equity line of credit (HELOC). It works like any other credit card where you can make everyday purchases and earn unlimited 2% cash back.1

You can either get a fixed Cash Out (ex. $10,000 cash transferred into your bank account) and get a fixed monthly payment for 5 or 10 years (2.5% transfer fee), or you can just use it like a credit card and build up a balance. In that case, the monthly payments are calculated as 1% of the principal balance, plus monthly interest, plus any fees.

No annual, sign-up, or pre-payment fees. There is a 2.5% fee on Cash Outs and Balance Transfers and a $29 late fee if you don’t make the minimum payment.

Filed Under: Credit Cards, Deals & Offers //

United(SM) Business Card Review: 125,000 Bonus Miles Offer (Refreshed)

Posted on January 31, 2025 // 4 Comments

The United Business Card offers unique perks for regular United customers including free checked bags and expanded award seat availability for redeeming miles. Here are the highlights:

  • 125,000 bonus United miles after you spend $5,000 on purchases in the first 3 months your account is open.*
    Plus, earn 5,000 bonus miles after you add an employee card to your account in the first 3 months your account is open.*
  • 5,000-mile “better together” bonus each anniversary when you have both the UnitedSM Business Card and personal Chase United credit card.
  • Free first checked bag for both you and one traveling companion on the same reservation (a savings of up to $160 per roundtrip) when you use your Card to purchase your ticket. Terms Apply.
  • Two United ClubSM one-time passes per year, and priority boarding privileges.
  • $125 United travel credit after making 5 United® flight purchases of $100 or more each calendar year with your United? Business Card
  • 2X miles per $1 spent on local transit and commuting, including train tickets, taxi cabs, mass transit, tolls and ride share services.
  • 2X miles on dining, gas stations and office supply stores.
  • 2X miles on United purchases and 1 mile per $1 spent on all other purchases.
  • No foreign transaction fees.
  • Your miles don’t expire as long as your credit card account is open, with no limit to the number of miles you can earn.
  • Employee cards at no additional cost.
  • $150 Annual Fee.

This card is considered a “new” card, differ from the old Business Explorer card:

This product is available to you if you do not have this Card and have not received a new Cardmember bonus for this Card in the past 24 months.

In addition, you can get this card and bonus if you had the consumer version of the United Explorer in the past 24 months (or have one now).

Many people aren’t aware of the fact that they can apply for business credit cards, even if they are not a corporation or LLC. The business type is called a sole proprietorship, and these days many people are full-time or part-time consultants, freelancers, eBay/Amazon/Etsy sellers, Uber/Lyft drivers, or other one-person business owners. This is the simplest business entity, but it is fully legit and recognized by the IRS. On a business credit card application, you should use your own legal name as the business name, and your Social Security Number as the Tax ID.

Note that Chase has an unofficial rule that they will most likely deny approval on new credit cards if you have 5 or more new credit cards from any issuer on your credit report within the past 2 years (aka the 5/24 rule). This rule is designed to discourage folks that apply for high numbers of sign-up bonuses. This rule applies on a per-person basis, so in our household one applies to Chase while the other applies at other card issuers.

The good news is that small business cards from Chase hardly ever show up on personal credit reports, so getting this card in itself won’t affect your future 5/24 eligibility. This it makes a “free” application if you are already eligible.

This card is very focused on rewarding you for being a United customer. Before you board, you might use one of your free United Club lounge passes. You have the first checked bag for free on United flights, both for your and a companion traveling on the same reservation. The fee is now $40 per person, each way, so that this how they get the value of $160 each roundtrip. You also get Priority Boarding, which helps you find space for your carry-on.

Expanded award availability. This card also makes it easier for you to redeem those miles on Saver level tickets with no blackout dates for MileagePlus members booking award flights on United. Expanded and exclusive award seat availability on selected flights are another perk of this card.

Another unique feature of this card is that it offers primary coverage on the Auto Rental Collision Damage Waiver. On many other cards, this coverage is offered as secondary coverage, meaning it only kicks in after your personal auto insurance has been exhausted.

Bottom line. The United Business Card offers valuable perks for folks that fly United even just once or twice a year. The card provides lounge passes, a free checked bag, priority boarding, and inflight discounts. There are bonus categories to earn more miles, and special expanded award seat inventory for credit card holders to make it easier to actually redeem those miles for flights.

Also see: Top 10 Best Small Business Card Bonus Offers.

The information for the United Business Card has been collected independently by Better Finance Info. The card details on this page have not been reviewed or provided by the card issuer.

Filed Under: Credit Cards, Deals & Offers //

Firstrade Brokerage: 3% Match on IRA Contributions, 2% Match on IRA Rollovers

Posted on January 30, 2025 // 6 Comments

Firstrade is a discount brokerage firm that is smaller but has been around for decades. They have a new IRA match promotion with a 3% match on contributions and a 2% match on IRA transfers and 401k-to-IRA rollovers (up to a $20,000 match amount). They have no minimum balance requirements, no annual fees on the IRA, and they don’t require any premium subscription (like Robinhood Gold). There is a minimum 5-year hold period. You can also get up to $250 in transfer fee rebates for eligible transfers over $2,500. Must open IRA by 2/21/25.

Update: For IRA rollovers, note that the fine print states “Mutual funds and Fixed income products transferred into the account are excluded from the calculation of rewards for this offer.”

More details:

1. Open a Firstrade IRA. Open a Traditional IRA, Roth IRA, or Rollover IRA during the promotion period.

2. Make Contributions or Transfers. Contributions: We’ll match 3% of new contributions made within 30 days of account opening. Transfers: We’ll match 2% of the total amount transferred from another IRA or 401(k) made within 30 days of account opening, up to a maximum of $20,000 match bonus.

3. Earn Rewards. Bonuses are paid 30 days after your new account is approved.

Get a 3% match on contributions and a 2% account transfer boost when you open a Firstrade No-Fee IRA. No minimums, annual, setup or maintenance fees—plus, enjoy commission-free trading on stocks, ETFs, options, and mutual funds.

Promotion Period: Open to U.S. residents who open a new retirement account (Traditional IRA, Roth IRA, or Rollover IRA) between January 21, 2025, and February 21, 2025, and fund the account within 30 days of approval.

This is very similar to the current Robinhood IRA promo, but without the Robinhood Gold requirement that costs $5/month. You may prefer Firstrade as they have a published phone customer service number and a physical branch in Flushing, NY. Customer support is also available in traditional and simplified Chinese, with representatives who speak both Cantonese and Mandarin. Or you may just appreciate that they aren’t Robinhood.

This would be a great offer if Robinhood didn’t already do it first and locked many of us into their 5-year hold period, but then again, if Robinhood didn’t do it first, then Firstrade probably wouldn’t have made this offer.

Filed Under: Deals & Offers, Investing //

US Bank Smartly Checking Account New User Bonus (Up to $450)

Posted on January 28, 2025 // 3 Comments

Updated. US Bank has a up to $450 new checking promotion when you open a Bank Smartly Checking account with $25 minimum and complete the following within 90 days:

  • Enroll in the U.S. Bank Mobile App or online banking.
  • Complete two or more direct deposits.

Your bonus is determined by the total amount of your direct deposits in those 90 days:

  • Earn $250 when your direct deposits total $2,000 to $4,999.99.
  • Earn $350 when your direct deposits total $5,000 to $7,999.99.
  • Earn $450 when your direct deposits total $8,000 or more.

The Smartly Checking account has a $6.95 monthly fee which that is waived with any one of the following:

  • Your combined monthly direct deposits total $1,000 or more.
  • You keep a minimum average account balance of $1,500 or more.
  • You are age 24 and under.
  • You are age 65 and over.
  • You are a member of the military.
  • You hold an eligible US Bank credit card
  • Qualify for one of the four Smart Rewards® tiers (Primary, Plus, Premium or Pinnacle).
  • Are a member of another of their “special customer groups”.

You may still be considered a “new” account even if you had a US Bank account years ago:

U.S. Bank Smartly® Checking bonus: To be eligible, you or any owner(s) on your new Bank Smartly Checking account cannot have an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last 12 months or received other U.S. Bank consumer checking bonus offers within the past 12 months.

Note: US Bank often restricts their financial products to those states where US Bank has a physical branch presence. They will filter you out by zip code.

Tip: However, people outside this footprint may be allowed to open an account if they have other US Bank products. I was more recently able to get this bonus even though I was outside their physical branch footprint by opening a Smartly Savings account first. I think they may have opened just the Smartly Savings nationwide recently (or was it just me?). If that isn’t working for you, you may also try to open a small certificate of deposit (CD) or even a brokerage account or go directly for a credit card. It’s strange, but once they let you open one account, they’ll let you open the rest quite easily.

This offer comes around regularly, but is still a pretty solid bonus if you haven’t done it before. You may also find it worth the effort now due to the new US Bank Smartly credit card that can earn up to 4% cash back with enough assets at US Bank.

Filed Under: Banking, Deals & Offers //

IHG One Rewards Traveler Credit Card Review: 80,000 Bonus Points, No Annual Fee

Posted on January 24, 2025 // 5 Comments

The IHG One Rewards Traveler Card is the IHG hotel card that includes special IHG perks but with no annual fee. Here are the highlights:

  • 80,000 Bonus IHG Points after spending $2,000 on purchases within the first 3 months of account opening.
  • Earn up to 17 total points per $1 spent when you stay at IHG Hotels & Resorts. Earn 3 points per $1 spent on purchases on monthly bills, at gas stations, and restaurants. Earn 2 points per $1 spent on all other purchases.
  • No foreign transaction fees.
  • Fourth Reward Night Free when you redeem points for any 4+ night stay. That means if you use points to pay for 3 nights in a row, the 4th night is free.
  • IHG Rewards Bonus points are redeemable at Hotels & Resorts such as InterContinental(R), Crowne Plaza(R), Kimpton(R), EVEN(R) Hotels, Indigo(R) Hotels & Holiday Inn(R).
  • No annual fee.

Note the following:

This product is available to you if you do not have a current IHG One Rewards Credit Card and have not received a new
Cardmember bonus within the last 24 months. This does not apply to Business Card Credit Card products.

What can you get with IHG points? The best redemption value for IHG points is for free hotel nights. The other options offer significantly less value. While the points don’t translate directly to a dollar value, I would use a conservative estimate of 0.50 cents of value per point, which would make 100,000 IHG points worth an estimated $500 value. Not bad for a no annual fee card. You can perform the calculations for hotels that fit your needs. I tried a bunch of other various combinations and got between 0.5 cents and 0.8 cents per point equivalent value.

IHG stands for Intercontinental Hotel Group which has over 5,000 hotels including the following brands:

  • Intercontinental Hotels & Resorts
  • Crowne Plaza
  • Kimpton
  • Holiday Inn, Holiday Inn Express
  • Staybridge Suites
  • Candlewood Suites
  • Hotel Indigo
  • EVEN Hotels

IHG points expire after 24 months of inactivity, which is relatively long so with occasional activity you can easily save up these free nights for later. Chase Ultimate Rewards points also convert to IHG points.

The 4th Reward night free perk can be very valuable and nice to see on a card with no annual fee. You get the fourth reward night free when you redeem points for a consecutive four-night IHG hotel stay (only pay for 3 nights with points).

Total of 17x points per $1 spent when you stay at IHG. Here’s how this breaks down: Earn 5X points per $1 spent as an IHG® Rewards Club Traveler credit cardmember + 10X points per $1 spent from IHG® for being an IHG® Rewards Club Member, 5X points with this card, plus 2X points from IHG® with Silver Elite Status (a benefit of this card) for a total of 17X points total at any of their 5,400+ IHG® hotels & resorts.

Given my 0.5 cent per IHG point valuation, I would book my IHG nights on this card, but not my everyday purchases on an ongoing basis. I would just put a little spending on there to keep my IHG points from expiring.

  • 3 IHG points per $1 spent at gas stations, dining, utilities, internet, cable, and phone services
    and select streaming services.
  • 2 IHG point per $1 spent on all other card purchases

Upgrade to Premier? Downgrade to Traveler? If you can reliably use a anniversary night certificate (40,000 point value) and get $99 value out of it, you should consider going with the IHG Rewards Premier credit card mentioned on the same application page. The Premier card also adds some other small perks like Platinum Elite status and a TSA Precheck fee credit.

If you already have the Premier card and don’t want to pay for those added perks, you may consider asking if you can downgrade to this Traveler now without any annual fee.

Bottom line. The IHG One Rewards Traveler Card now comes with no annual fee and a sign-up bonus. As with most of these co-branded cards, the best value is obtained if you can redeem for IHG hotel nights.

Also see: Top 10 Best Credit Card Bonus Offers.

The information for the IHG One Rewards Traveler Card has been collected independently by Better Finance Info. The card details on this page have not been reviewed or provided by the card issuer.

Filed Under: Credit Cards, Deals & Offers //

Laurel Road High Yield Savings Deposit Bonus: 4.15% APY + Up to $200 (Referral Offer)

Posted on January 21, 2025 // 13 Comments

Updated and back for 2025. Laurel Road is a digital subsidiary of KeyBank (not a fintech) that reminds me of SoFi in that they are building a relationship that starts with student loan refinances and then expands to personal loans, mortgages, bank accounts, and credit cards.

Laurel Road is again offering up to a $200 deposit bonus (my referral link) for their High Yield Savings Account by referral only. This bonus is on top of the standard interest rate, which is currently a relatively competitive 4.15% APY. Here are the steps:

  • Open a High Yield Savings account before June 30, 2025 using a referral link that shows this offer. Offer not available on their regular website.
  • Deposit at least $1 in the first 20 calendar days of account open.
  • Have at least $5,000 (or whatever tier you pick) in your account by calendar day 90 after open. $50 bonus for deposit total between $5,000–$14,999.99. $100 bonus for deposit total between $15,000–$29,999.99. $200 bonus for deposit total of $30,000+.
  • Once the requirements are met, the bonus amount will mailed to you as a check within 45 days of meeting the requirements. Your account must be open to receive the bonus, no other form of payment will be provided.

Note that it says that the “Referred individuals cannot be the owner or co-owner of a Laurel Road account in the last twelve (12) months.”.

Importantly, my reading of the terms is that there is no minimum hold period. The actual fine print:

Starting at 12:00AM EST on January 16, 2025, through 11:59PM EST on June 30, 2025 (“Campaign Period”), a $50 bonus (the “Bonus”) will be awarded to existing Laurel Road members (“Referrer”) for each friend who opens a new Laurel Road High Yield Savings (HYS) account (the “Referred”) and meets the following requirements, the Referred must: 1) submit the HYS account application through the Referrer’s link during the Campaign Period, 2) have a minimum HYS account balance of at least $1 by 7PM EST within the first twenty (20) calendar days of account opening, and 3) have a minimum balance of $5,000 by 11:59PM EST on the ninetieth (90th) calendar day of HYS account opening for Referrer to earn the Bonus. This offer cannot be combined with any other programs.

In other words, technically you just have to put $1 there by Day 20, and the rest can land on the 85th day or so to be safe.

Napkin math. Given that there is no minimum hold period, the annualized yield is theoretically sky-high. Note that the $50 bonus is at best a 1% bonus on $5,000 deposited, while the $100 and $200 bonuses are at best a 0.67% bonus on either $15,000 or $30,000, respectively. This is pretty solid since the standard APY is already competitive. Even if you held the money in there for 30 days, the $100/$200 bonuses would work out to an extra 8% annualized. Added to the 4.15% APY standard yield, that would be a total of 12.15% annualized interest.

Filed Under: Banking, Deals & Offers //

Truist Bank $400 New Checking Account Bonus 2025 (Limited States)

Posted on January 21, 2025 // 14 Comments

Updated for 2025. Truist Bank formed from the merger of BB&T and Suntrust Banks, now roughly the 10th largest US bank with branches in 17 states and DC. Trust has brought back a $400 checking bonus for new checking customers that have a mailing address within a state in their branch footprint: AL, AR, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC. I usually don’t list bonuses that aren’t nationwide, but this is a sizable bonus with a large regional bank. If I lived in this area, I’d certainly rather open an account when they are giving out 400 bucks. Here are the steps:

  • Open a new Truist One Checking account online from October 31, 2024 through April 30, 2025. Minimum opening deposit is $50. Must open online with promo code DC2425TR1400 (or AFL2425TR1400 from alternate link)
  • Receive at least 2 qualifying Direct Deposits* totaling $1,000 or more within 120 days of account opening.
  • The reward will be deposited to the new checking account within 4 weeks after the qualification requirements have been met and verified. Truist verification will occur one time after the qualification requirements are initially met. The new checking account must be open and in good standing with a balance of at least $0.01 at the time of Truist verification and until the reward is deposited to receive the reward.

Compared to an earlier offer, they have increased the direct deposit requirement, but removed the 15 debit card purchases requirement.

Note the following definitions for new customers:

Clients that are the primary account holder on an existing personal checking account with Truist or who have closed a personal checking account with Truist on or after 10/31/23 are not eligible to participate.

The Truist One Checking account has a $12 monthly maintenance fees that is waived each statement cycle by any one of the following:

  • $500+ in total qualifying Direct Deposits
  • Maintain a total combined ledger balance of $500 or more in Truist related accounts across personal deposits (excluding Truist HSA) and all investments as reflected on the business day before your statement cycle end date.
  • Having a personal Truist credit card, mortgage or consumer loan, excluding LightStream®.
  • Having a linked Small Business Checking Account.
  • Students under the age of 25.
  • Primary account owner age 62 and older.
Filed Under: Banking, Deals & Offers //

Huntington Bank $600 New Checking Account Bonus (No Direct Deposit Required, Limited States)

Posted on January 20, 2025 // 1 Comment

Huntington Bank is offer a $600 bonus when you open a new Platinum Perks Checking account and make total new money deposits of $25,000 or more within 90 days of account opening and keep account open for 90 days. No monthly maintenance fee with $25,000 in total relationship balances, otherwise $25 a month. Expiration shown is 2/7/25.

Note that this offer is limited geographically to residents to certain states:

To be eligible for this offer, click Apply Online or Open at a Branch from this page, so that the promotion code is claimed at time of account opening. This offer is only available to applicants residing in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia or Wisconsin.

I usually try to stick to offers that are available nationwide, but this was a big bonus that is pretty straightforward with no direct deposit requirement. Earning $600 on a $25,000 deposit for 90 days works out to a 9.6% annualized yield.

Filed Under: Banking, Deals & Offers //

TurboTax Deals at Amazon, Sam’s Club, Costco: Deluxe Federal & State

Posted on January 17, 2025 // 30 Comments

Update 1/18/25. Amazon has some sale prices for the TurboTax + $10 Amazon gift card bundles (not Product only). Might be 1-day only, might last through the holiday weekend. The benefit of “old-school” desktop tax software is that it doesn’t require your Social Security Number and income details to be stored in the “cloud”, a fancy word for a third-party server where it can be copied or hacked.

Amazon has listings for both the products alone and in a bundle with a $10 Amazon gift card. The prices for both keep changing, so I won’t list them anymore, but you can compare to see the lowest net price. Or compare and go with the Costco and Sam’s Club deals with $10 product credit below if you know you’ll pay the state e-File fee.

The products alone:

The bundles:

Costco also has TurboTax Deluxe Fed+State for $44.99 w/ $10 Add-on credit, so instead of a $10 Amazon credit you get a $10 credit towards a future TurboTax add-on like State e-File. Compare prices to Amazon for Premier and Business. Ends 1/26/25.

Sam’s Club joins with TurboTax Deluxe Fed+State for $44.99 w/ $10 Add-on credit. Works out if you plan on paying for State e-File anyway. Ends 2/2/25.

You also get 5 Federal e-Files so you can file taxes for other family member in your household. (Click here to view the Amazon links if you can’t see them.)

State e-File is extra (now $25 per state). I would personally just print the (usually shorter) state return out and snail mail it in if you don’t have a free State e-File option.

Note that TurboTax Deluxe lets you manually input stock gain/loss information, but does not include “guidance”. For that, they’ll try to nudge you to upgrade to Premier. This is what makes H&R Block Deluxe a more affordable alternative (as it does include guidance for stock sales), if you are willing to make the switch. However, I also understand the urge to stick with what works and TurboTax does offer auto-import of many 1099 forms.

Filed Under: Deals & Offers //

Amazon Pharmacy: $15 Whole Foods Gift Card for New Orders

Posted on January 15, 2025 // Leave a Comment

Amazon Pharmacy is offering a $15 Whole Foods gift card promo for your first order. Most insurance plans qualify, but not government insurance.

You are eligible to redeem this offer if you place your first Amazon Pharmacy order during the limited-time offer period, and do not have government insurance (Medicare, Tricare, etc.). If you cancel your order before it ships, you will not be eligible to redeem this offer.

Filed Under: Deals & Offers //

Robinhood IRA Boost Promos: 3% IRA Contributions, 2% IRA Rollovers and 401(k) Transfers (Gold Required)

Posted on January 14, 2025 // 3 Comments

Robinhood brokerage app has some solid Retirement account promos for the New Year. There are much fewer brokerage promos that include both IRA rollovers and 401k rollovers. These can be very lucrative with a large retirement balance, especially as they are uncapped. Robinhood continues to aggressively collect assets. Keep in mind the 5-year minimum hold and 1-year minimum Gold subscription at $5/month.

  • 3% bonus on IRA contributions with a Robinhood Gold subscription. You can still make your 2024 contribution until April 15th, and also your 2025 contribution. Subject to the usual IRA annual maximum contribution limits. Five-year minimum hold period.
  • 2% on IRA and 401(k) transfers to your Robinhood IRA with a Robinhood Gold subscription. Five-year minimum hold period.

3% IRA Match Fine Print:

The 3% matching on contributions requires a subscription with Robinhood Gold ($5/mo) and customers must stay subscribed to Gold for 1 year after your first Gold match to keep the full Gold match. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. Match rate subject to change. Non-Gold customers receive a 1% match. For more information refer to the IRA Match FAQ.

$420 match available to Robinhood Gold customers making the maximum 2024 IRA contribution by the IRS tax deadline, and the maximum 2025 IRA contribution. Robinhood does not provide tax advice; consult a tax adviser.

IRS contribution limit for 2024 and 2025 is $7,000 ($8,000 if you’re age 50 or older) annually. Visit the IRS site for more information. The annual tax filing deadline typically is April 15th but may vary by year or individual taxpayer circumstances. All IRA contributions count toward your annual limit.

2% Transfer Boost Fine Print:

The 2% matching on transfers requires a subscription with Robinhood Gold ($5/mo) and customers must stay subscribed to Gold for 1 year after receiving the first Gold match to keep the full Gold match. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. Match rate subject to change. Non-Gold customers receive a 1% match. For more information refer to IRA Match 2025 FAQ.

If you contributed $7,000 for 2024, $7,000 for 2025, and roll over $100,000 in IRA/401k balances, that would add up to $2,420.

Robinhood will also reimburse up to $75 in outgoing transfer fees with transfers of $7,500 or more. This is a one-time reimbursement per account type, per external brokerage. You must send in a picture as evidence of the fee.

I’ve already written multiple articles about past flavors of these Robinhood promos, and I participated in the 3% IRA bonus previously. You will need to open up the appropriate IRA account at Robinhood first, and then transfer into that empty IRA container. You can attempt to offset some of the $5/month Robinhood Gold fee by using the free $1,000 in margin, or you might like the higher interest rate they pay on cash sweep with Gold.

Filed Under: Deals & Offers, Investing //
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