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BOA balance transfer question

Regular Contributor

BOA balance transfer question

I just saw in my account an offer for 0% balance transfer, in addition to that, I've noticed it also allow me to  transfer in to my checking. Is that mean:

 

I can do a BT into my checking and then just use the amount like my own cash? I can do whatever I want? Smiley Tongue

 

 

Thanks for helping me,

Starting Score: 547
Current FICO Score: TU 747, EQ 732, EX 742 [10/2014]
Goal FICO Score: 777
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2 REPLIES
Valued Member

Re: BOA balance transfer question

Yes, you can transfer to your check, this is consider BT not cash advance however you will be charge 4 dollars per 100 you transfer and you can pay it until your promotion expired w/o interest 

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Regular Contributor

Re: BOA balance transfer question


Gabo wrote:

Yes, you can transfer to your check, this is consider BT not cash advance however you will be charge 4 dollars per 100 you transfer and you can pay it until your promotion expired w/o interest 


Thanks Gabo, I'm clear now.

 

Banks are weird, do they? They only allow 30% cash advanced from the total CL plus the high APR, but then they offer a BT 100% into checking with 0% APR with the same 4% fee like cash advanced fee (my BOA)

Starting Score: 547
Current FICO Score: TU 747, EQ 732, EX 742 [10/2014]
Goal FICO Score: 777
Message 3 of 3