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: 27,205
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: 430
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 30K, CITI DIAMOND PREFERRED 22K, AMEX DELTA SKYMIES GOLD 18K, CHASE SAPPHIRE PREFERRED 15K, CITI DOUBLE CASH 11.9K, BARCLAYCARD REWARDS MASTERCARD 6200, CHASE MARRIOTT PREMIER 5K, CAPITAL ONE QUICKSILVER 3K, AMAZON STORECARD 6K, VICTORIAS SECRET 1450, EXPRESS NEXT 650
Valued Contributor
Posts: 1,128
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.



Rethink every purchase you make, before you make it. Use the card with the best rewards. Pay in full each month. Redeem rewards often. Use the cards online shopping for more discounts. Smile, knowing that being thrifty allows you to actually get more out of the same amount of money!
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)






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.

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.