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Rewards Question

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sobeone1
Regular Contributor

Rewards Question

The Venture card I just got has a 50.000 mile reward after you spend 3k. Well that was easy just this month with a couple of balance transfers. My question is do I have to wait to get the rewards until I pay the 3k off or just by spending 3k do I get the miles?

credit karma has my scores at T.U 637 Equifax 668 but all of my Major cards have my score between 710-730 fico AAoA 7months with 16 inquires T.U & Eq 12 inquires.

Fingerhut $1200 my first credit. Discover it 4.5k, Paypal extras 7.8k, Barclays 2.2k, Walmart 6k, Lowes 25k, Amazon 6.5k Cap1 Q.S 4k, Venture 10k, Voice 10k, Chase freedom 2k Slate 3.5k, 5th 3rd 10k, overstock2.9k, Kingsize 1k. Nasa 20k, NFCU 14k, loc 10k, BBVA 14k, Amex ED 10k, income 76k (I put them in order of receiving them)
Message 1 of 11
10 REPLIES 10
Anonymous
Not applicable

Re: Rewards Question


@sobeone1 wrote:

The Venture card I just got has a 50.000 mile reward after you spend 3k. Well that was easy just this month with a couple of balance transfers. My question is do I have to wait to get the rewards until I pay the 3k off or just by spending 3k do I get the miles?


You get the rewards as soon as your balance posts.

 

What do you mean by balance transfers? Did you meet the 3K spend on the Venture and then BT the balance out to a 0% card(s) ?

Message 2 of 11
sobeone1
Regular Contributor

Re: Rewards Question

no, the other way. I did a balance transfer using my venture card. It now has a $3100 balance

credit karma has my scores at T.U 637 Equifax 668 but all of my Major cards have my score between 710-730 fico AAoA 7months with 16 inquires T.U & Eq 12 inquires.

Fingerhut $1200 my first credit. Discover it 4.5k, Paypal extras 7.8k, Barclays 2.2k, Walmart 6k, Lowes 25k, Amazon 6.5k Cap1 Q.S 4k, Venture 10k, Voice 10k, Chase freedom 2k Slate 3.5k, 5th 3rd 10k, overstock2.9k, Kingsize 1k. Nasa 20k, NFCU 14k, loc 10k, BBVA 14k, Amex ED 10k, income 76k (I put them in order of receiving them)
Message 3 of 11
Anonymous
Not applicable

Re: Rewards Question


@sobeone1 wrote:

no, the other way. I did a balance transfer using my venture card. It now has a $3100 balance


Balance transfers do not count toward spend bonus...You do realize there is no promo rate on the Venture, right?

Message 4 of 11
Anonymous
Not applicable

Re: Rewards Question


@Anonymous wrote:

@sobeone1 wrote:

no, the other way. I did a balance transfer using my venture card. It now has a $3100 balance


Balance transfers do not count toward spend bonus...You do realize there is no promo rate on the Venture, right?


+1.  It's a spend bonus not a balance bonus.

Message 5 of 11
Anonymous
Not applicable

Re: Rewards Question

Is this a special offer, or is this generally available?  I'm wanting to apply for the Venture, but all of the current links I can find right now are for the 40k bonus.  Is there a link for the 50k bonus out there?

 

Thanks.

 

Chris.

Message 6 of 11
Anonymous
Not applicable

Re: Rewards Question


@Anonymous wrote:

Is this a special offer, or is this generally available?  I'm wanting to apply for the Venture, but all of the current links I can find right now are for the 40k bonus.  Is there a link for the 50k bonus out there?

 

Thanks.

 

Chris.


I also was not aware of a 50K link.

Message 7 of 11
sobeone1
Regular Contributor

Re: Rewards Question

I guess I shoulve fact checked first. its 40k ooops

credit karma has my scores at T.U 637 Equifax 668 but all of my Major cards have my score between 710-730 fico AAoA 7months with 16 inquires T.U & Eq 12 inquires.

Fingerhut $1200 my first credit. Discover it 4.5k, Paypal extras 7.8k, Barclays 2.2k, Walmart 6k, Lowes 25k, Amazon 6.5k Cap1 Q.S 4k, Venture 10k, Voice 10k, Chase freedom 2k Slate 3.5k, 5th 3rd 10k, overstock2.9k, Kingsize 1k. Nasa 20k, NFCU 14k, loc 10k, BBVA 14k, Amex ED 10k, income 76k (I put them in order of receiving them)
Message 8 of 11
Anonymous
Not applicable

Re: Rewards Question


@Anonymous wrote:

@sobeone1 wrote:

no, the other way. I did a balance transfer using my venture card. It now has a $3100 balance


Balance transfers do not count toward spend bonus...You do realize there is no promo rate on the Venture, right?


I hear an OUCH coming......

Message 9 of 11
kdm31091
Super Contributor

Re: Rewards Question


@Anonymous wrote:

@Anonymous wrote:

@sobeone1 wrote:

no, the other way. I did a balance transfer using my venture card. It now has a $3100 balance


Balance transfers do not count toward spend bonus...You do realize there is no promo rate on the Venture, right?


I hear an OUCH coming......


+1

 

Sounds like OP still has some spending to do...BT is not helpful for this situation

Message 10 of 11
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