Comments on: FREE $100 Gas Card at Flagstar Bank

By: car articles

car articles — Fri, 13 Jun 2008 02:47:27 +0000

This sounds like a good deal but six month is a strecth. In addition not too many people can do $250 deposit religiously. If they were in my part of the country i would consider it

By: Tom

Tom — Thu, 27 Mar 2008 16:08:49 +0000

Flagstar pulled my transunion credit report (hard inquiry) when I applied for an account online. I just signed up a week or so ago, so I haven’t received the gas card yet. The interest rate is poor ~0.5%. There is another $15 in bonuses available if you use their bill pay. May or may not be worth it.

By: Bill

Bill — Wed, 26 Mar 2008 21:14:51 +0000

Review the terms of what and when the interest posts INTO the account and how many deposits CUMULATIVEly YOU MAKE.. It Will NOT keep up with the rising Gas prices while the Interest keeps declining with EACH Fed Rate reduction…As of 3/25 the Banks will give back to YOU no more than a range of 1.5 % PER YEAR to Max of 4.15% PER YEAR and GAS is $3.20 per gallon average… about the price of ONE to 1.5 fillups. NOT MUCH return on investment. Beware of FEE(s) and penalties which the Bank MAY levy on the Principal / Deposits.

By: Muni

Muni — Fri, 21 Mar 2008 03:38:50 +0000

Does anyone know whether flagstar does hard credit check for opening a new checking account?

By: ben4277

ben4277 — Tue, 18 Mar 2008 14:24:43 +0000

In response to o.t.: A $100 return in 6 months on an investment of $1500 comes out to roughly a 13% APR. This is just an approximation, but I’d say it’s more than worth it. Also, I haven’t read all the details as far as minimum balance is concerned, but you could immediately transfer whatever surplus you have over the minimum balance back into your high yield account(s). The biggest pain would be switching your direct deposit around with your employer.

By: NT

NT — Mon, 17 Mar 2008 14:43:29 +0000

If they will keep cutting the Interest Rate, wouldn’t the people with money move their money out of the country to earn higher interest?

By: o.t.

o.t. — Sun, 16 Mar 2008 05:24:06 +0000

not sure its worth it- have to put in over $250 each month for 6 months using direct deposit- that’s $1500 being put in to a near- zero percent interest account just for $100 gas card