Earning Miles with a Balance Transfer
#1
Original Poster
Join Date: Oct 2014
Posts: 21
Earning Miles with a Balance Transfer
Happy Saturday Flyers
Can I Earn Miles with a Balance Transfer?
I just checked my credit Karma report, My credit score has dropped like crazy! Anyways, the report states "We estimate you'll pay $7,059 in interest on your credit card balance interest amount is based on an estimated rate of 15.%
Currently I have 4 credit cards:
1. AMEX everyday
2.Chase Sapphire Preferred
3.Chase Freedom
4. AA Platinum Select (this last card is the only one I don't owe any money)
I know I should of paid my cars balance every month but it was not possible. I have a better situation right now. I also owe money for my car so that adds up to my debt.
Can I Earn Miles with a Balance Transfer? I travel a lot.
Thanks in advance!
Can I Earn Miles with a Balance Transfer?
I just checked my credit Karma report, My credit score has dropped like crazy! Anyways, the report states "We estimate you'll pay $7,059 in interest on your credit card balance interest amount is based on an estimated rate of 15.%
Currently I have 4 credit cards:
1. AMEX everyday
2.Chase Sapphire Preferred
3.Chase Freedom
4. AA Platinum Select (this last card is the only one I don't owe any money)
I know I should of paid my cars balance every month but it was not possible. I have a better situation right now. I also owe money for my car so that adds up to my debt.
Can I Earn Miles with a Balance Transfer? I travel a lot.
Thanks in advance!
#2
FlyerTalk Evangelist




Join Date: Jan 2005
Location: home = LAX
Posts: 26,113
Rarely, and (even if so) not all that many per each transfer. (And keep in mind that each separate balance transfer typically has a separate one-time fee, in addition to whatever the interest rate may be or not be.)
I used to get targeted offers for 2000 US Bank FlexPerks points for a balance transfer (not real miles, but bank-specific points usable for travel) reliably up until a couple years ago, but then they stopped (I still get balance transfer offers for the same card, but there any bonus points for those balance transfer any more).
But despite doing half a dozen balance transfer over the course of years, I never accumulated enough FlexPerks points for a single domestic coach flight. I dumped my points on a two-night hotel stay at a cheap hotel (after I realized I was no likely to earn any more points and the points I had were going to expire soon).
And that's the only card I've ever gotten a balance transfer offer with a bonus points offer attached (and I've had lots of airline/hotel/etc cards).
I used to get targeted offers for 2000 US Bank FlexPerks points for a balance transfer (not real miles, but bank-specific points usable for travel) reliably up until a couple years ago, but then they stopped (I still get balance transfer offers for the same card, but there any bonus points for those balance transfer any more).
But despite doing half a dozen balance transfer over the course of years, I never accumulated enough FlexPerks points for a single domestic coach flight. I dumped my points on a two-night hotel stay at a cheap hotel (after I realized I was no likely to earn any more points and the points I had were going to expire soon).
And that's the only card I've ever gotten a balance transfer offer with a bonus points offer attached (and I've had lots of airline/hotel/etc cards).
#4
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures




Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA, IHG & Marriott Platinum; DL & HH Gold
Posts: 51,879

