Balance transfer for miles possible?
Apr 20, 2018, 2:31 am
#1
Original Poster
Join Date: Apr 2018
Posts: 1
Balance transfer for miles possible?
Hey everyone, first post so sorry if not in the right section.
I want to get more miles from my credit card, but don't have any major purchases planned that my wife won't kill me over (like a Husqvarna 701 Supermoto...). I do have a loan on our minivan that I can pay off at anytime since I have the funds. Would I be able to do a balance transfer from the loan to the card and pay it off? That'd give me at least 11,000 miles there, and give me enough MQD's for the year to get Platinum.
I fly from the US East Coast to Luanda for work every month, so I get some good miles on the ATL-JNB route, but it's at seaman fare level, so only base miles and very few MQDs.
I want to get more miles from my credit card, but don't have any major purchases planned that my wife won't kill me over (like a Husqvarna 701 Supermoto...). I do have a loan on our minivan that I can pay off at anytime since I have the funds. Would I be able to do a balance transfer from the loan to the card and pay it off? That'd give me at least 11,000 miles there, and give me enough MQD's for the year to get Platinum.
I fly from the US East Coast to Luanda for work every month, so I get some good miles on the ATL-JNB route, but it's at seaman fare level, so only base miles and very few MQDs.
Apr 20, 2018, 4:33 pm
#3
A FlyerTalk Posting Legend, Moderator, Information Desk, Ambassador, Alaska Airlines
Join Date: Dec 2006
Location: FAI
Programs: AS MVP Gold100K, AS 1MM, Maika`i Card, AGR, HH Gold, Hertz PC, Marriott Titanium LTG, CO, 7H, BA, 8E
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Welcome to Flyertalk @v4r_Rider.
Please follow the redirect as we send this to our Credit Card forum.
Which credit card are you trying to do this with? DL it seems?
~beckoa, co-moderator Information Desk
Please follow the redirect as we send this to our Credit Card forum.
Which credit card are you trying to do this with? DL it seems?
~beckoa, co-moderator Information Desk
Apr 21, 2018, 3:43 pm
#4
Join Date: May 2009
Location: South Park, CO
Programs: Tegridy Elite
Posts: 5,678
It's extremely rare to see miles for BTs. Many years ago I recall getting an offer but it was a limited time special offer not a regular card feature, and I can't even recall what bank or FFP it was. I'd say such offers would be nonexistent nowadays...it wasn't even common back in the good old days.
LendingClub and Prosper (well known person loan lenders) have or had affiliate offers for 2x miles with AA and UA at times. Their loans typically have no prepayment penalty. You'd of course need to run the numbers to see if the origination fee and interest before you'd pay it off, would be worthwhile compared to other miles generating options. And if those mileage programs would work for you.
LendingClub and Prosper (well known person loan lenders) have or had affiliate offers for 2x miles with AA and UA at times. Their loans typically have no prepayment penalty. You'd of course need to run the numbers to see if the origination fee and interest before you'd pay it off, would be worthwhile compared to other miles generating options. And if those mileage programs would work for you.
Apr 29, 2018, 12:56 pm
#7
Join Date: Apr 2018
Posts: 36
The last place I saw where a balance transfer gave points was on a SW card. Note that you're still paying ~5% to do a balance transfer which will effectively kill the value of the miles earned.
It would be rare and surprising to see a card with free balance transfers that also earn points.
It would be rare and surprising to see a card with free balance transfers that also earn points.