Another Free $50 Credit From Sprint SERO

Wow, this deal keeps getting better. If you recently got in on the Sprint SERO plan (review), it looks like you can get another $50 discount. Thanks goes out to Jason for the tip. Just e-mail Sprint online and type something like this:

Dear Sprint,

I recently activated a Sprint account and just received a $50 coupon code, “SAVE50.” Could you please apply this to my account? Thank you very much for your assistance.

The reply:

Thank you for contacting Sprint. I will be happy to assist you regarding the credit. I understand that you received a $50.00 coupon. Therefore, I have applied this to the account. This service credit will reflect on your next invoice.

Sweet! To recap:

  • 500 Anytime Minutes + 7pm Nights/Weekends + Unlimited Web for $30/month
  • $100 Motorola Q Phone (which rocks by the way) – now $80
  • Possible 10% corporate discount (still waiting)
  • Free unlimited text messages
  • $25 prepaid credit card for getting a referral
  • $50 with this coupon.

Free Text Messages with Sprint SERO Plan

I previously mentioned a cheap plan called Sprint SERO, and I know some of y’all have gotten on it. Here are some quick updates:

Bad News – It appears that you can’t order new lines online anymore, but must do it via telephone. I’m not sure what that means just yet, perhaps someone else can report, but it probably isn’t good.

Good News – If you did get in on the deal already, you can get free unlimited text messages. Basically the new SERO plan offers unlimited minutes until 6/30/07. So just call in or ask online and tell them you just joined, but saw that they offer free texts now, and would like to see if you could also get that feature. They should add it without any problems. I just did it, although the hold time was atrocious (I love speakerphones!).

You can confirm by logging into your account under Current Usage:

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Are 0% APR Balance Transfer Offers Coming To An End?

If you are making money off of balance transfers or have been considering it, the following observations might be of interest to you. Otherwise, it probably won’t 😉

The Bad News
A few months ago, Citibank started saying “Balance transfer fees apply with this offer” on certain applications, even though the Terms and Conditions clearly stated that there was still no fee for initial balance transfers. Then, a few weeks afterwards, the longstanding Citi Platinum Select card, which used to offer a sweet deal of 0% APR on purchases and balance transfers for years, started charging a fee.

More recently, on May 1st, Discover stopped offering no-fee balance transfers on all their cards, instead implementing 3% fees with $50 to $75 caps. The Miles Card by Discover still offers 12,000 bonus miles, which is worth $100 in travel credit to offset the fee.

The Good News
Still, there are plenty of Citibank cards that remain which offer 12 months of 0% APR on balance transfers with no initial balance transfer fees: (none anymore)

For alternatives, please see my list of updated
best 0% APR balance transfer offers.

Should I Save Some For Later? (SFL)
Also, if you are concerned about having less 0% APR offers in the future, you can actually “tuck away” one or two of them for later. In the Terms and Conditions for the cards marked “SFL” above, you will see this:

Balance transfer APR: As long as first balance transfer is completed within 12 months from date of account opening, 0.00% for 12 months from date of first balance transfer. After that, XX.XX% variable.

So, you can actually wait 12 months from the date of account opening to start the balance transfer, and then still enjoy 12 months at 0% APR. Some of the cards also offer rewards programs (marked “Rewards” above), which can give you cashback on everything from utilities to restaurants, whatever fits your spending the best.

Got questions? Please read my details series of step-by-step posts on how I and others do this first. Lots of good stuff there!

Emigrant Direct Signup Bonus Update – March Payouts

Payout instructions for my Emigrant Direct Referral Bonus went out over the last two weeks for those that either sent me their Form #2’s or Claim Form A’s in March. Please let me know if there are any questions.

Emigrant Direct offers an online savings account paying 5.05% APY with no minimum balance requirements, and I have partnered with them to offer a sign-up bonus worth up to $20 if you choose to open an account with them through my specific link. Combine this with the $25 opening bonus from Capital One 360 and $20 opening bonus from VirtualBank for some quick bucks. Some have minimum opening amounts, but none have ongoing minimum balance requirements or monthly fees, so you can try each one out and just stay with the ones you like.

Zecco Free Trades Broker Review, Part 2: Corrections, Funds Transfers, and Trading Experiences

This is the second part of my review of the Zecco brokerage account. If you haven’t already, please read the first part of this review, where I went over the main draws of Zecco and the account opening process. Here, I will finish up my review of the opening process and also talk about my trading experiences.

Funds Transfer Speed and Experience
I initiated an online funds transfer from the Zecco website early on Tuesday. The funds were taken out of my savings account on Wednesday. The funds appeared in my Zecco account on Thursday and was available for trading. You probably still want to avoid straddling a weekend, but I’ve made two transfers and both took one business day. I’m glad the transfers are prompt.

One thing about the transfer system is that it can be tricky to find your pending transfer request after you submit it. You actually have to search by processing date, which is tedious.

Trading Interface
I am not an active stock trader, so I am not an expert at determining the quality of their real time quotes, options setup, or other such things. I thought the trading interface was fine, and similar to the many other brokers I have used. I just want to buy and sell stocks every so often, not day-trade. A screenshot of the order entry form is on the right.

Trading Experience
What I have done so far is make two test trades of the Vanguard Total Stock Market ETF, symbol VTI.

#1: On Day 1, VTI’s last trade was at 149.23, with a bid of 149.16 and ask price of 149.22. I placed a limit order at 3:39pm to buy just one single share at $149.18. The order was filled six minutes later at $149.16 , 2 cents below my limit amount. (As an aside, a bid/ask spread of 5 cents on a $150 ETF seems very reasonable. More on this later.)

#2: After the market closed on Day 1, I went ahead and placed a sell order on my single share of VTI at my buy price of $149.16. My goal was simply to get my money back. My order was filled right at market open (9:30am) for $149.81. Here is a screenshot from my order history.

I was not charged any commission for either trade, as promised. On the sell order, I was charged a penny for a Section 31 fee. This is a small fee charged by the SEC in order to help fund their overseeing activities, which brokers pass on to us. It’s assessed only when you sell a stock.

What are Section 31 fees and how are they calculated?
The normal calculation for Section 31 fees is $30.70 per $1,000,000 in principle amount on sales. A principle amount of $140 would be subject to a Section 31 fee of $.01.

So I feel my trades were filled successfully and also promptly as the market allowed. There were no indications of shady behavior. For example, with my limit order of $149.16, they could have just given me $149.16 instead of the market price that was $0.65 higher. I would be comfortable using market orders if my goal was to dollar-cost-average into ETFs. Overall, it was pretty cool to be able to trade small amounts and not have to worry about commissions.

Few More Details
» Cost Basis Accounting – They use the FIFO (first-in first-out) method by default on 1099s, and don’t support HIFO (highest-in first-out) on their end. If you want to use HIFO, you’ll have to calculate it manually.

» You get a paper confirmation snail-mailed to you every time you make a trade, which can’t be turned off at this time. This could be a plus or a minus depending on the person.

» Checkwriting and an ATM card is available at an additional cost of $30 annually. I’m not interested, but it’s an option.

» Their reorganization fee of $15 is cheaper than most other brokers I’ve used. Therefore, I also plan to use this account for any future going-private transactions I participate in.

Summary
Overall, Zecco.com fulfills its promise of providing free trades and provides the basic features expected of a legitimate discount broker. My idle cash is even getting 4.38% APY in a money market sweep, which together with the free trades makes the overall cost of this account much less than other discount brokers like Scottrade and Ameritrade (who charge for trades and offer low interest). However, getting the account opened and ready for trading is more difficult than it should be. In other words, the customer service is slower than those same other discount brokers.

The question is simply, is it worth it to you to swap slower customer service for free stock trades? For me, I am definitely keeping this account open, and it is now my primary taxable brokerage account. I have dealt with Penson Financial Services in the past, and I feel they are adequate at their back-end duties. I am not a demanding trader and my balances are not large, so the free trades are simply too enticing. With my personality, paying $5+ for a trade when there is a free option available would nag at me.

Navigation
Zecco Review, Part 1
Zecco Review, Part 2

Sprint SERO Plan Review: Affordable Cell Phone Plan, Free Data, Currently Open To All

If you are currently out of or nearing the end of your cell phone contract, be sure to consider the Sprint Employee Referral Offer, or SERO, plan. Although it has been heavily discussed for a while on many cellular enthusiast forums, actually getting on the plan used to require a referral from a Sprint Employee (duh), some smooth-talking over the phone, or the “borrowing” of a random employee e-mail from the internet. However, right now they have opened it up to the public, and I have gone ahead and jumped on it myself as it probably won’t last forever. Here are my experiences:

How to order
» Visit the Sprint SERO site.
» Type in either “savings@sprint.com” or “savings@sprintemi.com” in the box for Sprint Employee E-mail Address, along with your zip code.
» You should be greeted with the default offer shown to the right. However, you can choose from a variety of phones and plans to suit your needs and do all the ordering online. (If you don’t, the e-mails may have expired.)
» When you order, please note that you will be subjected to a hard credit pull just like with other carriers.

The plans all include such perks as free long distance, unlimited Sprint mobile-to-mobile, Unlimited Weekends and Nights starting at 7pm, and unlimited Power Vision (web, IM, e-mail). If you talk enough to make a prepaid plan too expensive, 500 anytime minutes for $30 plus taxes seems like a very good price. Two-year contract required, no activation fee.

Phones
The prices on phones are sometimes a good deal, but not always cheaper than other places. Although I have seen them offer free phones, I think they start at $20 now. You can compare with other sites, taking into the account the monthly savings on this plan.

I splurged and bought the Motorola Q for $100 because, well, I’m a geek and wanted to take advantage of the free data! Unlimited data alone costs $20-$50 a month on other carriers. It’s not quite a Treo and there is no touchscreen, but I can check my e-mail and also internet in a pinch. It’s quite thin, and overall I’m very happy with my new toy. 😀

Service
Although they do send it out via 2-Day FedEx, it took me about a week before they actually shipped my phone. However, there is a status website that keeps you relatively well-informed. It should be noted that InPhonic (WireFly.com) is the outsourced provider that you’ll actually be dealing with during the initial purchase, not Sprint. They aren’t the best from what I’ve read, so if you are going to port your existing number, it may be a good idea to do it yourself through Spring customer service once you’ve gotten the phone. It took me only minutes and I just needed my old account number. In the meantime, they’ll just assign you another number.

As for Sprint’s service, they’ve been very good so far. My hold times have been pretty short, the CSRs have been nice. Coverage will vary for everyone, but mine has been adequate. There is also a 30-day guarantee just in case it isn’t.

Other notes
» You can still add any corporate or student discounts to your plan, bringing the overall price down even lower. If you are a student, call 1-866-853-4931, hit 1, and ask about your specific university. I ended up with 10% off.
» You can’t add a cheap 2nd line on these plans. This is important to note for non-single folks, because our old Cingular family line plan was actually very comparable to the SERO price. We used to share 800 minutes for $68 total a month after discounts. Now we have 500 minutes each for about $64 total per month. ($30 x 2 – 10% discount + $5 taxes per line.) The only real difference in service is the free data.
» If you experience a dropped call, you can dial *2 on your phone, say “dropped call”, and they will credit 50 cents on your account.

» After you get the phone, you can also call in for a free $25 debit card if you give them your new phone number and another referring person’s Nextel/Sprint PCS number. The other person will get $25 too. I referred my wife and we both got $25. If would like a number to use for a referral, you can contact me with your new cell phone number.

For more information, you can join the (long and often tedious) ongoing discussions at SprintUsers, Slickdeals, Fatwallet, or Howard Forums. If you are currently in a Sprint contract, you may want to read this post for some tips.

Redeeming Citibank ThankYou Points For Free Flights: A Great Option

I just redeemed a bunch of ThankYou points and I think I got some great rewards for doing things I would have done anyways. Consider this:

I have had the Citi Driver’s Edge MasterCard (one of my main rewards cards) since July, which gives you a 6% rebate back on supermarkets, drugstores, and gasoline for the first 12 months. These are everyday needs, not frivolous items. The Purchase rebates can either be redeemed by sending in auto care receipts, or converted directly to Citi ThankYou points by calling 1-800-308-4158. $1 in Rebates = 100 ThankYou Points.

In addition, you can also get Drive rebates for miles driven, at the rate of 1 mile = $0.01. You have to send in an enrollment form to start the counting, and then a mileage update form whenever you get an oil change or other service that logs the odometer. You can only redeem as many Drive rebates as you have Purchase rebates.

For us, we have averaged $400 per month in groceries and gas so far, racking about $220 in Purchase rebates on $3,670 of spending. We just send in a mileage update for 6,000 miles, adding another $60 in Drive Rebates, for a total of $280 or 28,000 ThankYou points. My original plan was just to convert ThankYou Points to Target gift cards (already getting me ~7% cash back), but then I discovered their Fixed Flight Travel option:

Eligible Citi? cardmembers can also take advantage of our fixed flights option for air travel by calling one of our ThankYou Network Travel Specialists. You can count on getting a ticket for the date you want to fly. For example, only 25,000 points are needed for flights anywhere in the continental U.S. and Alaska, any time of year. With no black-out dates. Simply book 14 days in advance and plan for a Saturday overnight stay.

Am I eligible for fixed flight options for airline tickets?
Currently, ThankYou Members with the following Sponsor accounts are eligible for fixed flight airline tickets at fixed ThankYou Point amounts: Citi PremierPass? Card, Citi PremierPass? Card – Elite Level, Citi? Diamond Preferred? Rewards Card, Citi Simplicity Rewards Card, Citi Professional Card with ThankYou Network, CitiBusiness PremierPass Card, CitiBusiness? Card with ThankYou Network, AT&T Universal Rewards Card, Citi? Platinum Select? Card with ThankYou Network, Citigroup Chairman? Card and Citi? Driver’s Edge? Card. This Sponsor Account list is subject to change without notice. Fixed flight option Travel Rewards are only available when you call the ThankYou Service Center. Agents will work to offer you the best deal on available flights ? you are not required to select the fixed flight option.

I am eligible for fixed flight option Travel Rewards. What are the current prices and destinations?

Fixed Flight Option Travel Rewards
(Restricted, Round-Trip)
Coach Business Class
Continental US & Alaska 25,000 60,000
Canada 25,000 60,000
Mexico 35,000 60,000
Hawaii & Caribbean 40,000 75,000
Europe 60,000 165,000
Asia 60,000 165,000
Middle East & Africa 80,000 130,000
Australia & South Pacific 100,000 180,000
Central America 35,000 60,000
South America 60,000 160,000
Puerto Rico to Continental US 40,000  

This is actually a lot better than using regular frequent flyer miles, as basically if there is a flight available, they will let you have it for 25,000 ThankYou points (You pay any taxes and fees). You can book the flight for anyone – yourself, friends, or family.

After calling 1-877-773-3336 and talking to their travel agents, I found out that they won’t let you have any flight, but restrict you to the cheaper options for the dates you want to fly. I wanted a cross-country flight in July, which cost anywhere from $500-$1,000 online depending on the schedule and number of stops. They let me pick basically from the flights $600 and under. Still, this was a time period with no 25,000 mile award flights using normal frequent flier miles.

In the end, I got a flight that would have cost me $560 on Expedia for 25,000 ThankYou Points and $40 in taxes. I still get to earn frequent flier miles for the flight, too. So I saved $520 after spending $3,670 on groceries and gas we needed anyways. That’s a cashback return of 14.2%! (And I still have 3,000 points left.) On top of our recent Vegas winnings, I’m pretty happy with myself right now 8)

If you have ThankYou points and fly at all, using the Fixed Flight option can be a much better redemption rate than gift cards or even putting it towards student loan balances. Also, if you want a flight less than $250, you can book via their Variable Flight option; a $150 flight would cost only 15,000 points.

Emigrant Direct Signup Bonus Update – February Payouts

Payouts for my Emigrant Direct Referral Bonus went out over the last two weeks for those that either sent me their Form #2’s or Claim Form A’s in February. Please let me know if there are any questions.

Emigrant Direct offers an online savings account paying 5.05% APY with no minimum balance. They allow online transfers to and from up to 4 external checking accounts if you send them a voided check, but not other 3rd party transfers. It only takes $1 to open, and you can make another $10-20 just for signing up through me.

Wowio iPod Shuffle Arrived Today

In case anyone was wondering if the Wowio Free iPod Shuffle promotion was legit, FedEx just delivered this to my door:

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Please don’t ask for referrals in the comments. It’s a free and useful service, bring it up tonight to your friends when you go out 🙂

Free eBook Downloads From Wowio, Plus Refer 10 Friends For A Free iPod Shuffle

Wowio is a website that lets you download eBooks from their library for free. They are in Adobe Acrobat format, so don’t need any special software to read them. There’s also no annoying DRM, so you can move them between computers and PDAs with ease.

What’s the catch? Well, the titles are limited, so you’re not going to get the current New York Times bestseller. But they do have a wide selection, from classics to comic books (I mean, graphic novels!). Here are the titles I downloaded today (you get five each day):

  • Avant-Guide Las Vegas: Insiders Guide for Urban Adventurers (Travel Guide)
  • Critique 01: The Magazine of Graphic Design Thinking
  • Guerrilla Data Analysis Using Microsoft Excel
  • The Science of Getting Rich (supposedly inspired The Secret)
  • Slaughter-House Five by Kurt Vonnegut

Basically, check it out, and if nothing catches your eye, don’t join. Can’t beat free. I think they also make money by putting ads in the books, but they must be spaced pretty far apart. I’m about 50 pages into Slaughter-House Five and haven’t seen one yet.

To join, you must verify your identity. It’s relatively painless, you only need one of the following:

  • A non-anonymous e-mail address (no yahoo, hotmail, or gmail). A work or school e-mail should work fine, and they also accepted my @mymoneyblog.com e-mail.
  • Credit card – will not be charged
  • Scan of ID (Driver’s License or Student ID) – I’d probably avoid this. At least with the credit card you have built-in fraud protection.
  • Friends and Family code – Each new member can “vouch” for 3 others who don’t want to or can’t do one of the above.
Free iPod Shuffle

Right now, they are also having a promotion that if you refer 10 of your friends, they will send you a free iPod shuffle. This is actually a pretty easy deal, as it’s absolutely free to join and you don’t even need a credit card number. When you sign up, at the end they will ask you for the e-mail of the person who referred you.

Please don’t use my e-mail, I already have enough referrals. Below is a script that will return a random e-mail that you should use as your referrer in order help a fellow reader out. Then, I will ask them who used their e-mails as a referral, so you’ll have a chance to be listed.

I’ll make it an image scramble it to avoid spam, but you can also let me know if you don’t want me to put your e-mail up. Thanks!

Possible Free FICO Score w/ 15-Minute Lesson

Here is a potentially free FICO score and report for students that are willing to endure a 15-minute spiel, but it appears to be limited to the first 5,000 people. I’m running behind on a project, so let me know if it works 🙂 Thanks TK.

We’ve arranged with the Fair Isaac Corporation to pick up the tab on the first 5000 students who want to check their credit score. That’s right. It’s absolutely free.

So enter your info below to start. We’ll take you through a 15 minute tutorial on credit basics, credit cards, and building your credit. Once you’ve completed this 15 minute lesson, you’ll receive a free code and a link to MyFICO.com. Once you’re there, drop the code into the discount box and save yourself the $15.95.

Sunrocket VoIP Phone Service – 2 Years for $199

SunRocket VoIP is currently offering 2 years of phone service for $199, expiring tomorrow (3/28). If you miss it, this “special” seems to come around once every few months. I’ve been using SunRocket instead of a landline for well over a year now now and I remain very satisfied for the price (I paid $199 for the 1st year and $99 for the 2nd) – check out my SunRocket Review for details. There have been no added or surprise fees.

Added: You can also get two years for $229 from ViaTalk VoIP.