Lending Club is teaming up with United MileagePlus to offer miles for using their service.
The Offer
Receive one United MileagePlus® award mile for every two dollars you invest through Lending Club up to 100,000 miles for taxable accounts.
Key Terms
- Offer not available for Lending Club IRA accounts.
- Investors must deposit and invest a minimum of $2,500.
- The MileagePlus offer is valid from November 1, 2016 to January 31, 2017 — miles will only be awarded on new funds transferred and invested through Lending Club during this time period.
- For existing investors to receive miles, an investor must transfer at least $2,500 of New Funds into an active eligible taxable account and invest the New Funds through the Lending Club platform within 90 days of the commencement of the then-current offer (each, an “Existing Investor Offer Period”).
Need to Know
- You cannot fund your account with a credit card.
- Lending Club is an online marketplace that connects borrowers and investors.
You can find the full details and terms of this offer along with more information about Lending Club here.
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I’ve been using Lending Club for over 5 years now and I find it great. For a short term investment it’s pretty hard to beat the returns. I’ve been earning a consistent 10 to 12 percent a year the whole time I’ve been using it. Turn on automated investing and you can set it and forget it. Sure, there are better rates to be had out there but where else can you come in with only a couple hundred bucks still be earning that kind of rate of return for only a 36 or 60 month investment.
Seems that I would check their BBB reviews. This one I’d personally pass on.
Are there ways to use lending club with super safe low interest loans that are short term? I thought about doing this when I got the email but havent looked into it yet.
What do you consider short term? The investment period is either 36 or 60 months. If three years is short term to you then yes.
How long must the money remain with Lending Club?