About to bite the bullet with PenFed

[creditwherecreditisdue]

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@Anonymous wrote:
Penfed is a joke. There are many cards that offer better rewards and BT deals that don't suck. Why not get a card that offers 0% BT with no fees. They are everywhere.

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Maybe you could start a thread and post a list of these so numerous cards...

[Anonymous]

US BANK has over 50 cards with 0% for 12 months no BT fee. Here is a small sample.

Baylor alumni
Professional Bull Riders
The Linux Fund
Napoleon State Bank
Highland Bank
Quail Forever
Scottish Rite of Freemasonry, Southern Jurisdiction
US Lacrosse
University of Alabama at Huntsville
Ohio State Bar Association
Rhode Island College
University of Hartford
Bemidji State University Alumni Association
Palomino Horse Visa Platinum Card
Children's Wish Foundation
UCCS
SUNY Cortland Alumni Association
Ancient Order of Hibernians
American Philatelic Society
MSUM Alumni Foundation
Bridgewater State College Alumni Association
Waterfowl USA
FLW Outdoors
USEF
African Wildlife Foundation
NKU Alumni
ARRL
JSU Alumni Association
U.S. Sportsmen
Zoological Society of Milwaukee
Slippery Rock University
MBA
Sons of Norway

As far as doing better than Penfed for BT's, even Barclays has 0% for 12 months with a capped $75 BT fee on numerous cards, BofA and Chase have 0% offers with low capped BT fees as well.

Penfed is a turd.

[creditwherecreditisdue]

I only bothered to look at the first one. Your statement is somewhat misleading (as I figured it was). Actual terms are:

Balance Transfer Fee:

No Balance Transfer Fees for balances transferred with this application Thereafter: 3.00% of the transaction amount, $5.00 minimum 

There's nothing wrong with PenFed.

[Anonymous]

Nice try but "there is no BT fee with this application" means that there is no BT fee. Can't be much clearer unless you expected to get the promo BT offer without applying for the card. haha.

[Anonymous]

Penfed will charge you a BT fee for EVERY BT.

Only the first one is free with US Bank, how misleading, haha.

[creditwherecreditisdue]

Super.

[Anonymous]

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@creditwherecreditisdue wrote:

Super.

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You're welcome.

If you have any more questions or misconceptions don't hesitate to ask for help.

To reiterate:

Penfed    = 4.9% with a BT fee

US Bank = 0% with no BT fee

[creditwherecreditisdue]

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@Anonymous wrote:

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@creditwherecreditisdue wrote:

Super.

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You're welcome.

If you have any more questions or misconceptions don't hesitate to ask for help.

To reiterate:

Penfed    = 4.9% with a BT fee

US Bank = 0% with no BT fee

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BTW -

1) Some of your links are broken.

2) Some of your links are to cards with 0% APR BT's no fee for 6 months.

3) Posting a list of over 20 USBank affinity cards isn't exactly all that helpful. We'll lump all those together and count them as one.

4) No way I am app'ing for a lousy Elan card to get a 6 month BT. You want to tout Elan over PenFed. ROTFLMAO!

I'm very happy with my 2.99% for life APR PenFed BT. But thanks for the info. Too bad you buried it in a PenFed thread where it will never see the light of day. 

[Anonymous]

Sorry you need a BT that bad.

I can list many more 0% offers so maybe you can get approved and stop paying interest.

You probably need a good score though.

I didn't click on the T&C of every link. Hopefully you found one that will get you out of your hole.

Good Luck!

[creditwherecreditisdue]