{"id":1008,"date":"2021-02-23T05:00:00","date_gmt":"2021-02-23T12:00:00","guid":{"rendered":"https:\/\/milesearnandburn.com\/?p=1008"},"modified":"2023-04-18T14:43:19","modified_gmt":"2023-04-18T20:43:19","slug":"a-different-t-mobile-tuesday","status":"publish","type":"post","link":"https:\/\/milesearnandburn.com\/index.php\/2021\/02\/23\/a-different-t-mobile-tuesday\/","title":{"rendered":"A Different T-Mobile Tuesday"},"content":{"rendered":"<p>T-Mobile has been <a aria-label=\"offering a high interest checking account (opens in a new tab)\" class=\"ek-link\" href=\"https:\/\/www.t-mobilemoney.com\/en\/home.html\" rel=\"noreferrer noopener\" target=\"_blank\">offering a high interest checking account<\/a> for a while, but to most people it became a lot less valuable last week after they announced that you\u2019ll have to make 10 debit card transactions a month to earn 4.00% APR starting in April 2021. (Before, there was a $200 \/ month direct deposit requirements to earn the high rate but that\u2019s going away.)<\/p>\n<p>In my opinion this is a great change because people like you and me can <a aria-label=\"automate 10 monthly debit card transactions (opens in a new tab)\" class=\"ek-link\" href=\"https:\/\/milesearnandburn.com\/index.php\/2020\/12\/03\/automating-spend\/\" rel=\"noreferrer noopener\" target=\"_blank\">automate 10 monthly debit card transactions<\/a> in about 45 seconds with debbit, but most people won\u2019t know how or won\u2019t care to do so. When there are fewer people taking advantage of a deal like this, it tends to stick around for much longer and also tends to increase in benefits and payout over time, which means our 45 second investment will probably pay-off for at least a few years. (If you haven\u2019t set debbit up yet, it might be more like 20 minutes on this round.)<\/p>\n<p>Vitals:<\/p>\n<ul>\n<li>Be a T-Mobile customer (this can be a hard pill for some of you, but I travel-hacked my way into 3 unlimited everything lines at Sprint for $10 per month each about a year ago via a now defunct deal, and then T-Mobile bought Sprint and kept my rate).<\/li>\n<li><a aria-label=\"Enroll your T-Mobile bank account in T-Mobile rewards (opens in a new tab)\" class=\"ek-link\" href=\"https:\/\/www.t-mobilemoney.com\/en\/home.html\" rel=\"noreferrer noopener\" target=\"_blank\">Enroll your T-Mobile bank account in T-Mobile rewards<\/a><\/li>\n<li>Earn 4.00% on balances of up to $3,000 per month<\/li>\n<li>Earn 1.00% after that<\/li>\n<\/ul>\n<p>I\u2019m going to deposit $3,100 and configure debbit to pay XFinity between $0.01 and $0.10 randomly per month, 10 times. That will earn $90.00+ per year and I\u2019ll never have to think about it.<\/p>\n<p>My philosophy: When a deal becomes more onerous, it\u2019s much more likely to be rewarding and to stick around long-term. You can often automate away the onerous requirements too, so don\u2019t be afraid to spend a little time getting your automation in order. For further reading on high interest bank accounts and other methods of automating, see <a aria-label=\"one of my favorite travel hacking posts by the Free-quent Flyer (opens in a new tab)\" class=\"ek-link\" href=\"https:\/\/saverocity.com\/independentlyfinanced\/smart-people-overestimate-the-difficulty-of-maximizing-the-interest-earned-on-savings\/\" rel=\"noreferrer noopener\" target=\"_blank\">one of my favorite travel hacking posts by the Free-quent Flyer<\/a>.<\/p>\n<div class=\"wp-block-image is-style-editorskit-rounded\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" alt='An image of the T-Mobile CEO with a pink \"T\" tee shirt and a sport jacket wearing a clown nose.' class=\"wp-image-1009\" height=\"273\" loading=\"lazy\" sizes=\"auto, (max-width: 420px) 100vw, 420px\" src=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2021\/02\/tmobile.jpg\" srcset=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2021\/02\/tmobile.jpg 420w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2021\/02\/tmobile-300x195.jpg 300w\" width=\"420\"\/><figcaption>T-Mobile CEO John Legere is literally asking us to treat his company like a clown. This picture is not doctored and is very real.<\/figcaption><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>T-Mobile has been offering a high interest checking account for a while, but to most people it became a lot less valuable last week after<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":1,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[52,6],"tags":[],"class_list":["post-1008","post","type-post","status-publish","format-standard","hentry","category-automation","category-quick-hits"],"_links":{"self":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/1008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/comments?post=1008"}],"version-history":[{"count":8,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/1008\/revisions"}],"predecessor-version":[{"id":7350,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/1008\/revisions\/7350"}],"wp:attachment":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/media?parent=1008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/categories?post=1008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/tags?post=1008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}