MilesBuzz! - Miles from a balance transfers?




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asyouare405
Jun 22, 09, 4:26 pm
Is there any way to get miles for Balances Transfers?


crhptic
Jun 22, 09, 4:50 pm
There are several airline cards offering miles for balance transfers - generally only in conjunction with a new card account. Two that come to mind are the Frontier card from Juniper/Barclays, and the Southwest card from Chase.

asyouare405
Jun 22, 09, 4:56 pm
There are several airline cards offering miles for balance transfers - generally only in conjunction with a new card account. Two that come to mind are the Frontier card from Juniper/Barclays, and the Southwest card from Chase.

Neither of which are incredibly helpful as a person based out of EWR/ NYC with an interest in flying to Western Europe :-(


crhptic
Jun 22, 09, 5:17 pm
Neither of which are incredibly helpful as a person based out of EWR/ NYC with an interest in flying to Western Europe :-(

Couple of thoughts:

1. You could trade the Frontier/Southwest miles for something more useful to you. You're almost at the threshold of qualifying for Coupon Connection.

2. I did a search and found this thread (http://www.flyertalk.com/forum/milesbuzz/546835-any-way-earn-miles-balance-transfer.html), which gave me a better idea: pick the mile-earning card of your choice, use it to buy dollars from the mint (see this thread (http://www.flyertalk.com/forum/milesbuzz/833911-buy-presidential-dollar-coins-cc-face-value-free-shipping.html)) with no credit card fee and no surcharge, take those dollars to the bank and use them to pay off the card you want to do a balance transfer from. The main downside is that the amount you can do here may be limited. A little more work, yes, but all good things involve some work!

biggestbopper
Jun 22, 09, 6:59 pm
EXTREME caution is required when attempting to get miles with balance transfers since there are several ways hefty fees are hidden in various offers.

For example: a cash advance charge of 3-5% may be applied, hidden in very tiny print, or, perhaps, not even revealed in the offer.

IMHO, the balance transfer thing is no longer such a good idea. @:-) I don't do it and maybe you shouldn't either.

Now, coins from the Mint. I love that. :D



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