NextCard Visa
 

I finally went to this site after seeing SOOOOOOOOOOOOO many ads on Yahoo, etc.

I says that if you carry and transfer a balance, you get 2 MyPoints per dollar. That figures out to $10000 in charges for a free ticket on American or Delta through a VacationMiles transfer. Or, $12500 in charges for 25000 miles on Delta, American, or Continental.

Is this too good to be true????

IMO - with mypoints *anything* is too good to be true. As soon as I get the points posted they owe me from 2 months ago, get the miles from Vacation Miles, AND get the Vacation Miles posted to my AA account that I cashed in in **October** -- I am removing any remnant of mypoints from my computer. Never did business with a company like them before and don't intend to again.

How much in interest charges will they charge for the $10,000 charges with a balance on the card?

Caution: Nextcard may be using a double billing cycle to calculate interest.

Or can you simply pay it off promptly on the 1st or 2nd cycle?

My understanding is that if you carry a balance, then finance charges start accruing from the date of the purchase (i.e. there is no grace period).

I went to their site because I was interested in DOUBLE points. I re-read it a few times and believe that the following is "the rules".

When you apply you must make a "transfer balance" to "join" the 2x points "club".

If you are a "member" of the 2x club, in the month that you "cary a balance" (i.e. pay interest) then the purchases made that month get 2x points. As noted above, if you carry a balance then no grace period.

However, with correct timing, (purchase late in billing cycle and pay all be a small amount inmediate after billing cycle, it may work very well. With the lower Intro % it could work out to a good deal. I am investigating into this some more.

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"Free" without charge or cost, having no obligation.

Sounds like a scam to me...I'd run away from it.

Yep, IMHO with mypoints involved you have a better chance of seeing God than ever seeing those points. You'll rack up the balance, pay a finance charge (however little you manage it) and never get the points from them.

Keithnj973:

Your choice of words is offensive to those who KNOW they will see God. We'll pray for you!!

...and even more so to those of us who KNOW we'll see our points! We'll refer you.

I have to agree with keithnj973 on MyPoints. Never, never, never miss an opportunity to bash them! Their customer service, if you can call it that, is pathetic. I have 700 points they owe me since October. E-mails didn't work so I went to phone calls. Have phoned them at least 3 times since late November and was promised the points. Even got a follow-up e-mail on one of the due postings. Still nothing. I want to get the points, cash them in, and be done with MyPoints forever!