Miles on one card and again on another
Jun 17, 2003 | 5:27 pm
#1
Original Poster
Join Date: Oct 2000
Location: Brooklyn, New York
Programs: AA,HP,MP,DL,SPG, MR
Posts: 2,092
Miles on one card and again on another
I purchased savings bonds on my Starwood Amex card to take advantage of the Starwood promo. Just found out that since I have the Milage Plus Gold Visa, I can transfer the balance via a convenience check and get 1 mile for each two dollars transferred. Thus I will get miles on Amex for the original purchase. Then I will pay the bill with a Milage Plus convenience check transferring the balance to that credit card (which I will pay immediately, but there is a $50. fee) and I will get up to 10,000 miles on United! I was very careful since the convenience check says 'NO MILES FOR TRANSFERS" but the cc website said yes, so I called and the determining factor is if you have the gold card.
Jun 18, 2003 | 7:27 am
#3
Join Date: Sep 2000
Location: MCO
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Posts: 1,118
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by sowalsky:
Do balance transfers hurt your credit rating?</font>
Do balance transfers hurt your credit rating?</font>
Jun 18, 2003 | 7:34 am
#4
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Join Date: May 2001
Location: MSY; 2-time FT Fantasy Football Champ, now in recovery.
Programs: AA lifetime GLD; UA Silver; Marriott LTTE; IHG Plat,
Posts: 14,813
My DL Amex is always sending me balance transfer checks, which usually stipulate "no points earned"; but one time, I got some that said "up to 5000 points maximum may be earned'. 
I over-paid my Amex account so I had a $5K credit balance, then wrote the transfer check to my Visa. That way, even though the checks usually start accruing interest immediately, since I never had a negative balance, no interest ever accrued.
I over-paid my Amex account so I had a $5K credit balance, then wrote the transfer check to my Visa. That way, even though the checks usually start accruing interest immediately, since I never had a negative balance, no interest ever accrued.