Miles for Mortgages
Dec 17, 2008 | 6:37 pm
#1
Original Poster
Join Date: May 2008
Location: Orange County, CA
Programs: AA LT PLT, DL PLT, HH DIA, IHG PLT, Hertz PLT, Bonvoy GLD, Avis Pres Club
Posts: 1,266
Miles for Mortgages
I am looking to refi my property and I know there are many mileage offers for using certain partners.
The average offer seems to be 1,250 to 1,300 miles per $10,000 financed. Both AA and AMEX MR (my 2 preferred point partners) offer this program. Anyone know of any invitation codes or bonus offers that let you earn MORE than 1,250 miles per $10K for either AA or AMEX?
I know such a code must exist, as there is a space for it right on the lendingtree.com AAdvantage application.
The average offer seems to be 1,250 to 1,300 miles per $10,000 financed. Both AA and AMEX MR (my 2 preferred point partners) offer this program. Anyone know of any invitation codes or bonus offers that let you earn MORE than 1,250 miles per $10K for either AA or AMEX?
I know such a code must exist, as there is a space for it right on the lendingtree.com AAdvantage application.
Dec 17, 2008 | 8:30 pm
#2
A FlyerTalk Posting Legend
Join Date: Apr 2001
Location: PSM
Posts: 69,232
Be VERY careful with these programs. You'll almost certainly be paying a higher rate on the refi than you would without the miles. And you only get the miles once, while you are paying for them every month for the life of the mortgage, often at a very high cpm rate.
Dec 18, 2008 | 9:27 am
#3
Original Poster
Join Date: May 2008
Location: Orange County, CA
Programs: AA LT PLT, DL PLT, HH DIA, IHG PLT, Hertz PLT, Bonvoy GLD, Avis Pres Club
Posts: 1,266
I'll have to look into the fine print for the 1st Mortgage deal...
Dec 18, 2008 | 5:06 pm
#4
Join Date: Dec 2006
Location: SXSW
Programs: DL Plat; HH Diamond; SPG & Hyatt Plat
Posts: 996
Dec 18, 2008 | 6:07 pm
#5
Join Date: Apr 1999
Location: Northport, NY
Programs: Advantage 4MM
Posts: 1,742
I've never done it for a 1st mortgage but I have done it for a HELOC. I respectfully must disagree that I paid extra for it. I got a great deal on my HELOC with very competitive up front fees and prime minus 0.75% rate.
I'll have to look into the fine print for the 1st Mortgage deal...
I'll have to look into the fine print for the 1st Mortgage deal...
