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Regular Contributor
Posts: 189
Registered: ‎11-07-2007
0

BT onto Rewards CC?

Sorry if this is the wrong section.

 

Basically, I have classes coming up next week and need to charge the tuition and books onto my CC.

 

I have a BoA World Points MasterCard and a Capital One card.

 

BoA currently has a balance of about $3500 with a CL of $6500.  Cap1 has a balance of $4500.

 

Tuition will be about $3500 or so not including the books which is more than I have left on my BoA.

 

I'd like to be able to charge all this onto my BoA card because I'd get 1% back which would be about $40, not a whole lot but every bit counts when you're a broke college student.

 

So would I be able to charge this onto my Cap1, BT it over to the BoA card and pay it off and receive rewards points for it or do I have to make the initial charge onto the BoA itself to get the points?

 

I should get my financial aid disbursement like a week or two after classes start so I'd be able to completely pay off the tuition+books and current balance I have on my card.

Walmart Discover TU08 FICO 02/04/15: 806 PSECU EX FICO 02/07/15: 787 PenFed EQ FICO NextGen 12/02/14: 831 (out of 950)
Senior Contributor
Posts: 4,214
Registered: ‎09-12-2008
0

Re: BT onto Rewards CC?

BT does not qualify for rewards.  You would have to BT first, then charge directly to the reward card.

 

 

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
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Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
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Re: BT onto Rewards CC?

--and once you BT onto a card, do NOT use it for purchases. Your payments will all go to the lower APR balance (generally the BT), and in the meantime, the higher APR balance (purchases) will keep accruing interest. DH got burned this way...
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

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