dcsimg
 

Borrow Bucks, Get Some Miles

By Beth Cox     Feedback

LendingTree lets its loan customers get high in a deal with four national air carriers that links mileage and mortgages.

Online loan operation LendingTree Inc. struck a mileage incentive marketing deal with four of the nation's top airlines that lets customers get frequent flyer miles for home mortgage, home equity or auto loans.

The Charlotte, N.C.-based company said it has signed deals with Delta Air Lines, US Airways, Northwest Airlines and Continental Airlines.

To participate, consumers access a co-branded LendingTree Web site, powered by LendingTree's Lend-X technology. For every $10,000 transacted for a mortgage, home equity, or auto loan, the consumer can earn 1,250 miles in a participating airline's frequent flyer program, and for every $10,000 in a home's sale and/or purchase amount the consumer can earn 3,000 miles in most states.

For example, if a consumer sells, buys, and finances a $200,000 home, the completed process results in 145,000 airline miles that the consumer will receive upon closing these transactions.

Founded in 1996, LendingTree operates a market that is made up of more than 140 banks, lenders, and brokers.

This article was originally published on April 2, 2002
 
 
Thanks for your registration, follow us on our social networks to keep up-to-date