Expired Hot Deals

[Air Miles] 400 Bonus Air Miles when you open a WealthSimple Invest account

[OP]
Member
May 30, 2017
468 posts
251 upvotes

[Air Miles] 400 Bonus Air Miles when you open a WealthSimple Invest account

Expiry:
December 31, 2020
Retailer:
Air Miles
More offers from Air Miles
I saw this on the Air Miles app. Receive 400 Bonus Miles when you open and fund a new Wealthsimple Invest account (min. $1000 deposit in the first 90 days). Offer is only applicable to new WealthSimple clients. Participants must keep $500 in their account for 6 months from initial funding date or a $50 penalty will be deducted from their final withdrawl amount.

Seems like a pretty good deal considering wealthsimple has zero commission trading and/or you could just hold $500 in there for 6 months.

*Also in the Air Miles app is the following: 400 Bonus Miles when you open and fund a new WealthSimple Trade account (min. $500 in deposit and trades in the first 90 days.)
19 replies
Deal Guru
User avatar
Sep 21, 2005
11962 posts
10876 upvotes
Put is $500 as a TFSA. Do they have 6 months GIC?
Have too many phones... This is how I limit my monthly phone payment.
Public Mobile $36 5GB, $12 250MB, 2x $6 50min/50text, Fido $5 4GB data only plan with a free tablet,
Zoomer $36 loyalty 4GB plan, $0 FPL home phone. Have a better and better day!
Deal Addict
Aug 15, 2009
1068 posts
763 upvotes
Montreal
embguy wrote: Put is $500 as a TFSA. Do they have 6 months GIC?
No GIC. Its a robo. Investment & save account only.
[OP]
Member
May 30, 2017
468 posts
251 upvotes
Opening up a wealthsimple trade for 400 air miles seems like the better deal. No commissions and you don't have to hold the funds for 6 months and you only have to deposit $500 instead of $1000
Deal Fanatic
User avatar
Jan 31, 2006
6674 posts
1545 upvotes
Toronto
arcty5 wrote: Opening up a wealthsimple trade for 400 air miles seems like the better deal. No commissions and you don't have to hold the funds for 6 months and you only have to deposit $500 instead of $1000
$50 (post #5) or 400 AM, which is better?
[OP]
Member
May 30, 2017
468 posts
251 upvotes
cgtlky wrote: $50 (post #5) or 400 AM, which is better?
The linked one only applies to wealthsimple invest accounts. If you want a wealthsimple trade account then I'd go with the airmiles offer
Deal Addict
Sep 24, 2007
3868 posts
1247 upvotes
Ontario
I did the 600am offer months ago for $500 deposit, had to send a few emails to get the credit, but got it eventually.

Fund is pretty good, I returned about 10% from $500 since April.
Deal Addict
Jan 11, 2007
1465 posts
328 upvotes
Edmonton
Please excuse for a dumb q but can one open both invest account & trade account to earn both AM bonuses?
TIA and stay safe.
Sr. Member
Jun 1, 2015
583 posts
183 upvotes
Calgary, AB
Is opening this type of account recommended for a RESP?
[OP]
Member
May 30, 2017
468 posts
251 upvotes
uglyguy wrote: Please excuse for a dumb q but can one open both invest account & trade account to earn both AM bonuses?
TIA and stay safe.
No it doesn't sound like you can. It says only for new wealthsimple clients. But maybe if you tried doing it at the same time it'll work.
[OP]
Member
May 30, 2017
468 posts
251 upvotes
RigorMortis wrote: Is opening this type of account recommended for a RESP?
Think they only have cash, tsfa and RRSP

Top