Borrowing Points

[ClarabelleCow]

If you borrow points, do you pay the maintenance up front??

 

[Caskbill]

No, maintenance fees are paid each January, or over a 12 month period if you have automatic bank deductions.

Banking and borrowing has no affect on how maintenance fees are paid.

 

[pumpkinboy]

Originally posted by Caskbill
Banking and borrowing has no affect on how maintenance fees are paid.

and this is why it makes financial sense to borrow as often as possible, especially since it costs nothing to borrow. If a dollar today is worth more than the promise of a dollar next year, then borrowing points from next year for use sooner makes good solid financial sense.

This from a guy who pays off his credit cards every month, and drives his cars into the ground; it's just cheaper that way.