Best reward and balance transfer

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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Aug 30, 2014 10:28 am

yfan wrote:But also keep in mind that your existing cards will often have balance transfer offers. Log into your chase account and see if any happen to be offered for you at this time.


My understanding is that Chase is generally hostile to 'internal' balance transfers (say, from a Freedom to a Slate), and it sounds like the OP has only Chase cards. So I don't think that will work.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when


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PlyrStar93
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Postby PlyrStar93 » Sat Aug 30, 2014 12:18 pm

Agree with CB. Chase's T&C concerning balance transfer says:
We will not process any balance transfer requests that are from any other account or loan that we (Chase Bank USA, N.A.) or any of our affiliates issued.


Discover is good for BT then rewards under this circumstance though.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

outlawstar4914
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Postby outlawstar4914 » Sat Aug 30, 2014 7:18 pm

yfan wrote:I would go with Discover. But also keep in mind that your existing cards will often have balance transfer offers. Log into your chase account and see if any happen to be offered for you at this time.


Chase won't let me transfer it from one chase card to another or I would do that

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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Sep 04, 2014 2:52 pm

I was just wondering...do most lenders allow for 'internal' 0% balance transfers? Is it an easy or hard thing to do?

Or are most lenders like Chase and don't do it?

I know you can call and negotiate a lower APR, but I'm talking about a formal balance transfer from one card to another card with the same issuer.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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PlyrStar93
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Postby PlyrStar93 » Thu Sep 04, 2014 3:40 pm

CarefulBuilder14 wrote:I was just wondering...do most lenders allow for 'internal' 0% balance transfers? Is it an easy or hard thing to do?

Or are most lenders like Chase and don't do it?

I know you can call and negotiate a lower APR, but I'm talking about a formal balance transfer from one card to another card with the same issuer.

Pulled out the fine prints and seems like I was not able to find any issuer that allows internal balance transfers.

AMEX - no
Barclays - no
BofA - no
Capital One - no
Chase - no
Citi - no
Discover - no
PNC - no
US Bank - no

They will simply not process a transfer if the account is with the same issuer.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Sep 04, 2014 3:58 pm

PlyrStar93 wrote:Pulled out the fine prints and seems like I was not able to find any issuer that allows internal balance transfers.


You've definitely got the major issuers there. Credit unions don't generally charge punitive rates, so it's hard to imagine someone needing to do a balance transfer between two cards at the same CU.

Doing an internal BT would earn a bank a small fee in exchange for giving up a lot in interest revenue while still keeping the credit risk, so it makes sense they wouldn't allow it.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when



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