Do balance transfers earn points?

credit-card-handBeing the grasping bank card customers we’re, we not solely need to transfer our card balances to a 0% credit card, we additionally need to get reward factors or miles for the cash we switch over. However can we do this? Do you get factors on balance transfers?

The reply is not any. Nicely, truly the reply isn’t. Once in a while you will note a limited-time supply to earn factors on balance transfers, however as a rule the cardboard corporations don’t make cash on balance transfers, so you possibly can’t count on they gives you factors for them.

Most bank cards may have some kind of disclaimer in relation to incomes factors, reminiscent of this for the Visa:

You don’t earn factors on balance transfers, money advances, cash-like expenses reminiscent of vacationers checks, overseas foreign money, and cash orders, any checks which might be used to entry your account, overdraft advances, curiosity, unauthorized or fraudulent expenses, or charges of any type, together with charges for merchandise that shield or insure the balances of your account.

If you wish to switch a balance, do it for the financial savings nevertheless it’s not a great use of your time to hunt for playing cards providing factors on transfers as a result of most often it’s simply not gonna occur.