17 replies to this topic

[Sorcha]

I didn't see anything on AGR, and Google wasn't much help, so I'm sorry if this has been asked before...

Is there a limit to how many points your account can receive via transfer? I know about the 15k purchased points limit, but is there a limit for transfers as well?

Edited to provide an example: I've already purchased 15k points for the year, but can my boyfriend or mother transfer another 20-30k into my AGR account?

Edited by Sorcha, 06 March 2012 - 08:44 AM.

[jimhudson]

Sorcha: Whats your Secret to be able to Buy 15,000 Points in a Calendar Year? The Normal Limit is 10,000 Points, Plus any Bonsuses such as the Current 30% Promo?? Anyone can Buy you Points @ the Current 2.75 Cent per Point Rate and Pay 1 Cent per Point (ie 10,000 = $100)to Transfer them to your Account! AFAIK there is No Limit to the Number of People that Purchase Points and transfer them to your Account?? (Alan or Dave might have more Info?? )

[Sorcha]

Oops. I meant 10k. I was thinking 15k because of the recent 30% promo.

[the_traveler]

Previously, an AGR account could only buy or receive 10K per year (not including bonuses). However that was before the opportunity to transfer points came around. So I don't really know.

If you want someone to transfer 20K-30K into your account so you can redeem an award, why not just have them redeem the award from their account in your name? (Anyone can redeem an award for anyone!) This way, it will save the transfer fee - and that $ can be used elsewhere!

[Sorcha]

Previously, an AGR account could only buy or receive 10K per year (not including bonuses). However that was before the opportunity to transfer points came around. So I don't really know.

If you want someone to transfer 20K-30K into your account so you can redeem an award, why not just have them redeem the award from their account in your name? (Anyone can redeem an award for anyone!) This way, it will save the transfer fee - and that $ can be used elsewhere!

I was just thinking through possibilities. Like if I'm 8000 points away from an award, and my boyfriend has 3000 and my mom has 5000, could they both transfer those to my account. I didn't mean transfer 20k from her account or his account. In that case, I'd just have them book my ticket. I was thinking about if smaller point balances could combine into one larger balance and if there's a limit per year.

[Devil's Advocate]

If I recall correctly, 8000 points from another AGR account will cost you $80 just to do the transfers. Meanwhile, signing up for a Chase Sapphire Preferred card costs nothing (if cancelled within twelve months) and can net you 50,000 AGR points that can be transferred into any AGR account you want. If you, your boyfriend, and your mother were all approved for the card and each of you met the minimum spending level ($3000 in three months) you could then transfer 150,000 AGR miles into a single AGR account at no cost to any of you. I'm not saying this option is right for everyone, but that's one heck of a way to bump your points in no time. Once those points are collected you could sign up for the AGR card itself for another 32,000 points. Once those 182,000 points are in a single account they can be used to buy tickets for any of you. Nor more out of pocket expenses for a long time so long as you cancel the cards before the annual fee kicks in for the second year.

Edited by Texas Sunset, 06 March 2012 - 01:31 PM.

[Sorcha]

I could earn a ton of points in no time if I qualified for the AGR card. I pay all of my bills online and hardly ever use cash anymore.

[the_traveler]

and hardly ever use cash anymore.

Is "cash" some kind of new credit card? I never use it!

[amamba]

I believe there is a limit of 100,000 transferred points per calendar year per account.

[sechs]

If I recall correctly, 8000 points from another AGR account will cost you $80 just to do the transfers. Meanwhile, signing up for a Chase Sapphire Preferred card costs nothing (if cancelled within twelve months) and can net you 50,000 AGR points that can be transferred into any AGR account you want.

Signing up doesn't get you the points. You have to not only meet the spend requirement, but also get the card in the first place.

I consider the ding to your credit just for applying, and, then, the ding when you cancel to be real costs. This isn't like opening checking accounts for OnePass miles.

People shouldn't go trading their good credit willy-nilly.

[the_traveler]

That's why I never did any churning of credit cards for points or miles. To me, keeping a credit score of 800+ is worth more than some extra points/miles! (I could even buy a 2nd Penthouse Suite!)

Edited by the_traveler, 07 March 2012 - 12:04 AM.

[Devil's Advocate]

I believe there is a limit of 100,000 transferred points per calendar year per account.

Ah, good to know and thanks for the clarification!

If I recall correctly, 8000 points from another AGR account will cost you $80 just to do the transfers. Meanwhile, signing up for a Chase Sapphire Preferred card costs nothing (if cancelled within twelve months) and can net you 50,000 AGR points that can be transferred into any AGR account you want.

Signing up doesn't get you the points. You have to not only meet the spend requirement, but also get the card in the first place. I consider the ding to your credit just for applying, and, then, the ding when you cancel to be real costs. This isn't like opening checking accounts for OnePass miles. People shouldn't go trading their good credit willy-nilly.

Did you really cut-out the part where I listed the minimum spend and conceded that this approach is not for everyone just so you could come along and bitch about it? Do you really think anybody is honestly confused by the idea that you have to be approved for a credit card in order to receive it and earn points from it? Of all the hundreds of threads, blogs, and articles I've read about credit cards I've never once seen anyone who felt the need to explain that if you are declined no points will be forthcoming. Luckily the credit hit you take from applying for a new card is relatively small, just a few points in my experience, and is usually countered by having a higher total credit limit within a few months of even minimal activity. Yes, if you have no credit or bad credit and you decide to apply for a bunch of cards you have little if any hope of being approved for you probably are just making things worse. However, my advice is not intended to work for everyone, as I had already mentioned in my original post that you conveniently edited out.

[sechs]

Did you really cut-out the part where I listed the minimum spend and conceded that this approach is not for everyone just so you could come along and bitch about it? Do you really think anybody is honestly confused by the idea that you have to be approved for a credit card in order to receive it and earn points from it? Of all the hundreds of threads, blogs, and articles I've read about credit cards I've never once seen anyone who felt the need to explain that if you are declined no points will be forthcoming. Luckily the credit hit you take from applying for a new card is relatively small, just a few points in my experience, and is usually countered by having a higher total credit limit within a few months of even minimal activity. Yes, if you have no credit or bad credit and you decide to apply for a bunch of cards you have little if any hope of being approved for you probably are just making things worse. However, my advice is not intended to work for everyone, as I had already mentioned in my original post that you conveniently edited out.

No. Seriously, do you think that people are so stupid that they cannot read your post? Does attacking other users make you feel superior?

I think it's time to put away your guns before that hole in your foot gets a friend.

[the_traveler]

[Moderator's Note]

Please let's keep this thread on topic, and not have any personal attacks!

[Texan Eagle]

If I recall correctly, 8000 points from another AGR account will cost you $80 just to do the transfers. Meanwhile, signing up for a Chase Sapphire Preferred card costs nothing (if cancelled within twelve months) and can net you 50,000 AGR points that can be transferred into any AGR account you want. If you, your boyfriend, and your mother were all approved for the card and each of you met the minimum spending level ($3000 in three months) you could then transfer 150,000 AGR miles into a single AGR account at no cost to any of you. I'm not saying this option is right for everyone, but that's one heck of a way to bump your points in no time. Once those points are collected you could sign up for the AGR card itself for another 32,000 points. Once those 182,000 points are in a single account they can be used to buy tickets for any of you. Nor more out of pocket expenses for a long time so long as you cancel the cards before the annual fee kicks in for the second year.

Not to forget a very important point here- for the 50,000 Chase Sapphire card points, you have to spend $3,000 in 3 months on that card. Your suggested approach of applying for three Sapphire cards would mean Sorcha, her boyfriend and her mother would have to use the credit card to the value of $9,000 in 3 months to be eligible for the points. It's not a small thing to be spending that amount of money in today's economy.

[Devil's Advocate]

[Moderator's Note] Please let's keep this thread on topic, and not have any personal attacks!

Fair enough. I just didn't appreciate what appeared to be rather intentional exclusion of my own words. Back to the topic at hand...

Not to forget a very important point here- for the 50,000 Chase Sapphire card points, you have to spend $3,000 in 3 months on that card. Your suggested approach of applying for three Sapphire cards would mean Sorcha, her boyfriend and her mother would have to use the credit card to the value of $9,000 in 3 months to be eligible for the points. It's not a small thing to be spending that amount of money in today's economy.

It's quite true that each card will have to receive $3,000 worth of spending within three months of opening, but there is no reason all three cards have to have their minimum spending clocks running during the same three months. If you staggered them you would only have to spend $1,000 per month for the next nine months and would still get all the points. That sounds much more doable in my view, and you'd still get the full 150,000 points at the end (barring sudden changes to the program).

[benjibear]

I have heard of conflicting reports about canceling credit cards that you don't use. I think if overall you have good credit, taking a hit for canceling card is not that big of a deal.

The $1000 per month is not that unrealistic for most people. Try paying your bills with the credit card. My electric company, gas, and water comapnies all take credit card payments online. Also, plan it around big expensis. Try to get the card when you plan a vacation or Christmas presents or when you know your car needs it's 60,000 mile service, tires, and brakes. I am thinking of applying for this card so come summer vacation I will have it. I know the hotel is $1000+meals+spending will easily get me 2/3 the way there. That gives me 11 more weaks to spend $1000 which is less than $100/week.

[Sorcha]

In case everyone missed it, I'll repeat myself: I don't qualify for a Chase card, so that is not an option.