Barclays aviator 28k miles in your hand from personal loan
Jul 14, 23, 11:28 am
#16
Join Date: Jul 2011
Posts: 2,212
$6 interest for the first day - made a payment back of $27k. Will pay off remainder next week. likely total interest charges for 28k points will be sub $30. That is a cost of ~ 0.1 cents per mile. even without LP decent value. I am still curious as the copy definitely changed in the app from bonus miles to miles. wait and see.
You just have to forgive that we're mostly a skeptical group who are afraid this may not turn out the way you think it will.
Definitely let us know how all this works out
Jul 14, 23, 3:15 pm
#17
Join Date: Jul 2022
Posts: 8
Current have a Barclays aviator and noticed the app offering 28k miles for a personal loan up to $28k.
reading through some terms I can see no early payment penalty so in theory can pay it back immediately and likely incur one months interest. Around 8% so works out to be $186 or 0.67 cents per mile. (Edited)
what is not clear is does this count as loyalty points? Anyone have experience with it?
what about how long it takes to post? Chances of being done and collecting points before year end next month?
reading through some terms I can see no early payment penalty so in theory can pay it back immediately and likely incur one months interest. Around 8% so works out to be $186 or 0.67 cents per mile. (Edited)
what is not clear is does this count as loyalty points? Anyone have experience with it?
what about how long it takes to post? Chances of being done and collecting points before year end next month?
I just checked on android app on "offers" and no dice
Jul 14, 23, 6:51 pm
#18
Original Poster
Join Date: Dec 2014
Posts: 25
barclays app on iOS. Offer has been available for well over six months. changing between explicitly saying miles to bonus miles back to miles. I will be surprised if it is actually LP.
interest charges update:
interest charges update:
- Day 1 $6.89. Amount owing $28,006.89. $28k appeared in my bank account.
- Day 2 initiated payment of $27k.
- Day 3 total amount owing $1007.13.
Last edited by JY1024; Jul 15, 23 at 10:04 pm Reason: Merged consecutive posts - pls use edit or multi quote
Jul 15, 23, 8:34 pm
#19
Moderator, Argentina and FlyerTalk Evangelist
Join Date: Aug 2000
Location: MIA / EZE
Programs: Lord of Malbec & all Wines Argentine. AA EXP / Marriott Lifetime Silver / Hertz Presidents Circle
Posts: 35,657
interest charges update:
- Day 1 $6.89. Amount owing $28,006.89. $28k appeared in my bank account.
- Day 2 initiated payment of $27k.
- Day 3 total amount owing $1007.13.
Aug 1, 23, 5:46 pm
#21
Original Poster
Join Date: Dec 2014
Posts: 25
Update
Update day ??
total interest charges: $8.00
Email received with points being transferred over to my Barclays credit card miles. Email says miles. I have to wait till my billing cycle on 12 august for miles to transfer to American Airlines.
in the app I cannot see if they are miles or bonus miles yet. They are in the same bucket.
stay tuned.
total interest charges: $8.00
Email received with points being transferred over to my Barclays credit card miles. Email says miles. I have to wait till my billing cycle on 12 august for miles to transfer to American Airlines.
in the app I cannot see if they are miles or bonus miles yet. They are in the same bucket.
stay tuned.
Aug 13, 23, 5:32 pm
#26
Join Date: Jul 2011
Posts: 2,212
You definitely got a unicorn here. A shame there's no LPs (of course we all knew the outcome would exclude loyalty points) but that's a pretty cheap way to manufacture 28,000 miles, congratulations and thanks for sharing
Sep 13, 23, 3:40 pm
#28
Join Date: Jan 2023
Programs: AA EXP 2MM
Posts: 106
Curious about this. Also not seeing offer like this on my Barclays app or when I log into account from desktop. Do you do other banking with Barclays or is it just the Aviator credit card? Also, any idea where the $28K number came from? Finally, did the miles post strictly as RDMs or did you get LPs as well? Thx!
Sep 13, 23, 7:36 pm
#30
Join Date: Jul 2004
Location: Live: PWM/KBXM/BGR; Work: DCA/DFW/Everywhere; Play: LAS/AUA/MIA/MLE
Programs: AA EXP, DL PM, Hyatt Glob, Marriott Ambassador/LTP, Nat'l Exec Elite, mlife Noir, LEYE Gold
Posts: 6,413
