Credit Cards Center Credit cards from our partners
Reply
Regular Contributor
Posts: 107
Registered: ‎03-07-2013
0

balance transfer...rewards question???

i opened a new card and if i spend 500 bucks in the first three months i get 100 cash back, question is if i do a balance transfer does that meet the requirements to get points?

 

thanks in advanace!

 

Barclays TU: 760 MyFico EX: 746 EQ:?

Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: balance transfer...rewards question???

Most T&Cs will say no, BTs and cash advances would not satisfy the spend requirement.
Frequent Contributor
Posts: 475
Registered: ‎08-08-2013
0

Re: balance transfer...rewards question???

I found myself asking this question in the past.... YMMV but for me the answer was no.

AMEX PRG NPSL, FIDELITY AMEX 50K, AMEX DELTA SKYMIES GOLD 25K, CITI DIAMOND PREFERRED 22K, CHASE SAPPHIRE PREFERRED 20K, CITI DOUBLE CASH 15.5K, BARCLAYCARD REWARDS MASTERCARD 15K, CHASE MARRIOTT PREMIER 5K, CAPITAL ONE SONY CARD 5.75K, CAPITAL ONE QUICKSILVER 3.5K, AMAZON STORECARD 6K, VICTORIAS SECRET 2650, EXPRESS NEXT 1850
Valued Contributor
Posts: 1,484
Registered: ‎10-15-2011
0

Re: balance transfer...rewards question???

Nope, in most (if not all) instances the balance transfer does not count.  Usually in the application it tells you this, you might not have noticed it though.  Also, the best place to ask this question is the bank itself, as some might have different rules!  However, I believe 99.9999999999999999999999% of the banks don't allow a balance transfer to qualify for the cash back.


I swear I am going right to the Garden...... Hopefully to stay there longer than a month this time......
Highlighted
Valued Contributor
Posts: 2,110
Registered: ‎12-29-2011
0

Re: balance transfer...rewards question???

No, a balance transfer does not incur rewards. You have to make a "purchase" within the specified time frame to qualify for the reward.

The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)






Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.