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Free points for balance transfers?
I just got my Barclays USAir card. I had planned on transferring $10k over to it (for the free points), but learned the hard way today that there's a 3% fee!!
I'm obviously not going to spend $300 on $10k miles. Is there another program out there where I can transfer this $10k balance and get some free stuff (miles/points/cash/etc)? It's too late to apply for another one as my bill is due next week (I held off paying it until I got my USAir card) but I have a few cards (Amex Blue, both Uniteds, Marriott Rewards, Discover, etc.). Thanks! |
Free points for balance transfers?
Most cards don't give anything for balance transfers. Are you sure this one does?
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Most, if not all, cash equivalents (checks drawn on the credit card) and balance transfers DO NOT give points. Also, the "free" usually includes a transfer fee, but not interest. The best transfer fee I've seen is 1%, and there are some 2% going around from Chase, too.
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Chase Slate has 0% balance transfers with no fee, but also no points.
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Thanks guys. It's been awhile since I've looked to play the balance transfer game, so I'm just not up to speed on current promotions (they kinda suck--guess they've gotten wise to us, lol). I'll just pay off the balance and be done with it.
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Originally Posted by LetsGoToo
(Post 20878830)
Most cards don't give anything for balance transfers. Are you sure this one does?
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Originally Posted by SOCguy
(Post 20881863)
Some of the Barclays US cards do. The 40K Chairman's Preferred that used to be available was one of them - that's how they sold it as up to 60K points (40K first use + up to 10K balance transfer + 10K anniversary). The current public offer also awards miles for balance transfers.
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Originally Posted by dublin487
(Post 20881894)
Yep - I used the Barclays offer with a 0% APR balance transfer and earned 1pt/$ - I did have to pay the 3% fee, but needed to make a balance transfer at the time anyway and couldn't find a better offer than 3% fee, so took the points along the way.
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