Hilton HHonors - Maximizing Amex charges while minimizing interest




bznotins
Nov 26, 02, 3:33 pm
Hi,

This is a spin-off from another thread ( http://www.flyertalk.com/forum/Forum57/HTML/006029.html ) that gives Hilton Amex cardholders a shot at extra points by charging a target amount to the card.

My question is this -- does anyone here have a good strategy for maximixing the charges on one's Amex in order to meet the target and also generate the most Hilton points possible?

I have heard that you can buy savings bonds with a credit card, but having to pay interest on said bonds over the six month holding period doesn't appeal to me (I don't carry a balance because that is a slippery slope for me). I know that I can pay many of my monthly bills with my Amex, but that doesn't really move the dial on meeting my target ($1200).

Any thoughts, ideas, suggestions would be great!

Thanks!


FlyByMike
Nov 26, 02, 5:38 pm
Have you been throwing out all of those offers for 0% balance transfers for anywhere between 6-12 months? I've been getting them almost everyday in my mailbox. You could purchase bonds on your HHonors card and pay off the balance with a balance transfer from one of those other cards. 6 months later when the bonds are redeemable, you can pay off the card with the balance. You just need to make sure you pay the monthly fee on that card to avoid late charges. I did notice that Discover (https://www.novusnet.com/acqs/stdapp/req?cmd=main) cards have 0% APR on balance transfers for 8 months. You also need to make sure there are no fees for the transfers.



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