Do balance transfers earn points?

credit-card-handBeing the greedy credit card users we are, we not only want to transfer our card balances to a 0% credit card, we also want to get reward points or miles for the money we transfer over. But can we do that? Do you get points on balance transfers?

The answer is no. Well, actually the answer is rarely. Every so often you will see a limited-time offer to earn points on balance transfers, but as a rule the card companies do not make money on balance transfers, so you can’t expect they will give you points for them.

Most credit cards will have some sort of disclaimer when it comes to earning points, such as this for the Visa:

You do not earn points on balance transfers, cash advances, cash-like charges such as travelers checks, foreign currency, and money orders, any checks that are used to access your account, overdraft advances, interest, unauthorized or fraudulent charges, or fees of any kind, including fees for products that protect or insure the balances of your account.

If you want to transfer a balance, do it for the savings but it’s not a good use of your time to hunt for cards offering points on transfers because in most cases it’s just not gonna happen.