cancel
Showing results for 
Search instead for 
Did you mean: 

Balance transfers

tag
GTS
Contributor

Balance transfers

If I were to make charges on a card for the cashback or points and then do a balance transfer to another card will I loose the original cashback/points I earned or does the balance transfer count as a payment? Does it very from lender to lender? Thanks for the input in advance.

FICO 8/9:



Amex Gold-$no preset SL
Chase FF WEMC-$25,200 CL
Chase IHG Premier WEMC-$16,700 CL
Amex BCP-$10,000 CL
PayPal cashback WMC-$8,000 Cl
RCU Platnum Visa-$5,000 CL
Cap1 Savor One WEMC-$5,000 CL
Disco It-$8,000 CL
Disco It-$5,200 CL
Cap1 Venture One WEMC-$3,400 CL

Amex Blue Business Plus-$2000 CL
Citi Corporate MC-$5,000 CL
AU Citi AA Advantage-$30,000 CL
3 REPLIES 3
K-in-Boston
Epic Contributor

Re: Balance transfers

The lender you are transferring the balance from sees it the same as you making the payment directly to them.  You would still earn points/miles.

Message 2 of 4
SouthJamaica
Mega Contributor

Re: Balance transfers


@GTS wrote:

If I were to make charges on a card for the cashback or points and then do a balance transfer to another card will I loose the original cashback/points I earned or does the balance transfer count as a payment? Does it very from lender to lender? Thanks for the input in advance.


No you wouldn't lose your rewards, the balance transfer counts as a payment.


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 3 of 4
pinkandgrey
Senior Contributor

Re: Balance transfers

I guess you already have your answer, but I'll just pile on my two cents. When you do a BT, the new lender pays off the old card. So as far as the original card is concerned, it's just a regular payment. 

 

You won't lose your cashback/rewards. 

Discover It: 26.5k
Amex Cash Magnet: 24.4k
Fidelity Visa: 21.5k
Apple Card: 13k
CapOne Venture X: 10k
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.