How quickly can you earn bonus miles from a credit card after an introductory offer? It’s a question we get a lot.
Formally, the answer you will get from the banks is quite a while. Like “after qualifying, please allow 6 to 8 weeks for bonus miles to post to your account.”
But the reality is you can often get the intro bonus miles into your account much faster. The banks list the long weeks of time to cover themselves off in case of processing delays.
We dug into our experiences with cards, looking at old statements for the cards and mileage programs. And checked we around forums to see if others had similar results. Your experience may vary, but here is what we found:
Can you change your statement close date?
Directly, no. Indirectly, it’s possible by changing your due date. The statements are generally issued about 25 days before your due date. It usually takes 1-2 statements before a new due date takes effect, though sometimes you can call immediately after applying to set a due date. That’s helpful if you think you’ll hit your spending requirement quickly and want an earlier statement close.
So…again…your experience can vary, and remember…your account must be in good standing – no late payments – for miles to post. If you have the same experiences we did, you could get bonus miles ready to book a vacation in just 1-2 months. And if you want them fast, consider American Express cards, but again no guarantees.
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