Earn United Miles by Investing on Lending Club

United and online loan marketplace Lending Club have launched a new partnership where you can earn miles for investing in loans on the platform.  Investors can earn 1 United MileagePlus mile for every $2 invested on the platform.  A minimum of $2,500 must be invested (maximum of $100,000) on the platform to receive the United miles.

I've been a Lending Club investor since 2009.  While the online loan industry (and Lending Club specifically) has been under pressure after Lending Club's CEO was fired, I've found Lending Club to be a solid platform and have been pleased with my returns over the past 7 years.

I value United MileagePlus miles at close to 2 cents.  That means, you're earning "an extra" 1% on invested capital on the platform.  While I wouldn't open a Lending Club account specifically for the bonus, if you are already putting money to work on Lending Club, earning an extra 1% is certainly a positive development.

Note that the bonus will only be applied to taxable LC accounts and miles will be credited within 90 days of the deposit and investment.  You can read the full T's and C's of the promotion at the bottom of this page.