Need to borrow money? Earn 50,000 JetBlue Points

Debt, JetBlue 4

This page may contain affiliates links from our advertising partners. We appreciate it when you support BaldThoughts by using our links when visiting our partners.

If you need to borrow money, consider the rates available from Best Egg.  They will not only lend you money, but you can earn up to 50,000 JetBlue points when you borrow from the Best Egg JetBlue 50000 points promotion.

 

Borrowing Money?  Yuck!

I hate borrowing money… except when floating purchases or MS on my credit cards or buying a new rental property.  I’ve been on a path towards paying off my debt the last few years.  Paid off my Tahoe, then my student loans, and then, most recently, my first rental property.

However, sometimes you just really need the money.  Life happens.  Just, for the love of God, please don’t borrow money to “plan a family vacation” as the email from Best Egg and JetBlue suggested.  We can show you how to significantly reduce your travel costs using miles and points.  DO NOT BORROW MONEY TO GO ON VACATION!!!

A personal loan will generally have much lower interest rates than carrying a balance on your credit card.  Personal loan rates start as low as 5.99%, depending on your credit, whereas most credit card interest rates are 15%-25%.

If you’re shopping for a personal loan, compare rates with SoFi.  They have great rates and will give you $100 if you use my referral link when applying.

Best Egg JetBlue 50000 points promotion

As much as we can dream, there is no such thing as a money tree.

 

Best Egg JetBlue 50000 Points Promotion

If the Best Egg rates are reasonable, and you decide to secure a loan through them, you can earn 1 JetBlue point for every $1 you borrow with this Best Egg JetBlue 50000 points promotion.

Best Egg JetBlue 50000 points promotion

Be careful with fees and prepayment penalties, because some lenders charge them.  From a quick review of their website, Best Egg charges an origination fee (when they start the loan) of at least 4.99%.  If you borrow the max of $50,000, that means you’ll be paying $2,495 in fees just to get the loan.  Surely, 50,000 JetBlue miles are not worth $2500!

That’s why a lender like SoFi is a better option because they don’t charge origination fees.

Or, you can apply for a credit card that has a 0% offer if you are able to pay off the loan during the zero-interest rate period.

 

The Bald Thoughts

Once, again, the old adage is true.  Nothing in life is truly free.  Yes, you can receive 50,000 JetBlue points if you participate in this promotion.  However, those points are not worth the $2500 in origination fees that you’d be paying for the loan.  Always consider ALL of the facts when considering taking out a loan, not just the interest rate or the amount.

If it were me, I would not participate in the Best Egg JetBlue 50000 points promotion.  Instead, I would find a lender like SoFi that doesn’t charge fees or borrow from my credit card with a 0% balance transfer/cash advance offer.

The opinions expressed here are the author's alone and have not been reviewed or endorsed by any company or third-party, unless clearly stated otherwise. The comments on this page are not provided, reviewed, or otherwise approved by the advertiser. It is not the advertiser's responsibility to ensure all posts and/or questions are answered.


About the author / 

Lee Huffman

Lee grew up loving to travel with his parents. Now he explores the world with his wife, Anna and his two children Timothy and Scarlett. He enjoys being spoiled as a Kimpton Inner Circle Member and taking full advantage of Southwest's Companion Pass. Lee wants to teach his readers how to 'Travel More. Spend Less. Live Better.' using miles, points, tips and tricks.

4 Comments

  1. DT April 20, 2017 at 11:30 am -  Reply

    Well, I don’t understand what kind of travel benefit this article offers.

    You made me click this time but next time I might skip.

    • Lee Huffman April 20, 2017 at 11:34 am -  Reply

      DT, the “travel benefit” is that you can earn 50k JetBlue points. However, my takeaway is that not all offers of points are worth it. That is the more important “travel benefit”! These 50k JetBlue points would cost you $2500 in origination fees. You would be better off borrowing someplace else and paying for your JetBlue flights with the savings.

  2. John April 20, 2017 at 10:44 pm -  Reply

    A post about rental properties would be cool. Looking to get into it and don’t know much.

    • Lee Huffman April 21, 2017 at 6:05 am -  Reply

      Will definitely write about them soon. Just bought our 8th rental property in March.

Leave a Comment

Your email address will not be published. Required fields are marked *

Best Card Offers

Travel Rewards Credit Cards

FREE Travel Advice

BaldThoughts free travel square We will develop a strategy to reach your travel dreams. Completing the form is the 1st step.

Subscribe

Sign up to receive daily news, tips, and deals!

You have Successfully Subscribed!

Archives

Categories

Subscribe

Sign up to receive daily news, tips, and deals!

You have Successfully Subscribed!

Learn How to Travel More. Spend Less. Live Better!

You have Successfully Subscribed!