Lending Club UA Miles Offer
Aug 21, 2019, 10:41 am
#1
Original Poster
Join Date: Oct 2016
Location: SBA
Programs: UA Gold 1MM, Marriott Gold, IHG Plat, Hertz PC
Posts: 941
Lending Club UA Miles Offer
Just received an email yesterday for double the UA miles per dollar borrowed from Lending Club, up to 80,000 miles. Seems the tricky part is the origination fee of 1 - 6%, and they use 5% as an example.
So $10k borrowed = 20,000 miles. But a $500 fee in their example, so not sure if it would really be worth it. But a 1% origination fee, or $100 for 20,000 miles, not too bad. No prepayment penalty so seems you could pay it back after a few weeks and get the miles.
Anyone else receive this offer recently?
So $10k borrowed = 20,000 miles. But a $500 fee in their example, so not sure if it would really be worth it. But a 1% origination fee, or $100 for 20,000 miles, not too bad. No prepayment penalty so seems you could pay it back after a few weeks and get the miles.
Anyone else receive this offer recently?
