I recently opened a Robinhood Gold Card and have been enjoying it with 3% cash back.
I got a targeted offer for 3% uncapped cash bonus for transferring a taxable brokerage account but you need to keep the same or more transferred balance for 5 years or you need to pay back the cash bonus.
I mainly hold FSKAX and FTIHX in fidelity. I have \~$250k I would transfer so a $7500 bonus. Does it make sense to take this offer? Anything I’m missing?
I would transfer what I have in my fidelity now and just leave it in the account. I’d continue to buy anything new in Fidelity