10-21-2013 03:40 PM
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!
10-21-2013 03:44 PM
10-21-2013 03:44 PM
I found myself asking this question in the past.... YMMV but for me the answer was no.
10-21-2013 03:46 PM
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.
10-21-2013 04:13 PM
No, a balance transfer does not incur rewards. You have to make a "purchase" within the specified time frame to qualify for the reward.
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.
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.