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AMEX Balance Transfer Question

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mum4519
Contributor

AMEX Balance Transfer Question

My AMEX has an APR of 18%. I am going to be buying about $1500 worth of plane tickets here within the next few weeks. I have a local credit union with APR 6.65% and no fee on balance transfers, cash advances, etc. If I were to purchase the tickets on the AMEX to get the points, and then shortly after balance transfer the amount to the local credit union card, would I be able to keep the points?

 

Just looking for some guidance. Thanks everyone!

- In My Wallet -

AMEX BCE $17,000
Wells Fargo Rewards $9,200
Chase Southwest VISA $5,200
Message 1 of 3
2 REPLIES 2
DeadSpider
Frequent Contributor

Re: AMEX Balance Transfer Question

Yes as long as you don't return the tickets and get a refund.

Wait till it post on your account.

Message 2 of 3
mum4519
Contributor

Re: AMEX Balance Transfer Question

Thank you.

In this situation, would there be any fees on AMEX end?

- In My Wallet -

AMEX BCE $17,000
Wells Fargo Rewards $9,200
Chase Southwest VISA $5,200
Message 3 of 3
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