BTs

[Runitup]

Lol, thanks guys.

[Involver]

I always BT to my bank account and then pay off accounts.

Does it make a difference, probably not. But I like to think it looks better paying off an account rather than BTing it directly to another lender.

[bobbay]

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@Involver wrote:
I always BT to my bank account and then pay off accounts.

Does it make a difference, probably not. But I like to think it looks better paying off an account rather than BTing it directly to another lender.

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how would one do this?

[NRB525]

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@Anonymous wrote:

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@Runitup wrote:

I was gonna apply for a BCE with a $250 reward for $1k purchases but to be honest, I don't want to worry about AA/FRs if I BT or up my utilization.  Sounds like a lot of drama.  It's a good offer, though.

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If the card fits what you are looking for just apply.  Don't let these reports of AA deter you.  They happen a lot less than what it appears from reading this board.

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+1

For a $1k card? AMEX isn't going to care as long as you pay it off according to terms. You have to really work at it to get AA.

I've had "AA" in the form of CLD when balances were very high, but that's more "appropriate action" on the bank's part than adverse. None of those were from AMEX Centurion Bank because they would never do the low interest cash advance offers that were happening from other banks back in the day.

[takeshi74]

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@red259 wrote:

What do lenders think if you pay a credit card off my doing a BT to another card?

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A BT is considered like any other payment.

It's not the BT itself that really matters.  What you really need to look at is how utilization is impacted on the accounts involved.

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@red259 wrote:

Is it the same in their mind as if you PIF from your bank account (not talking about the utilization issue).

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BT's and PIF's are two entirely different things.  A BT can PIF.  A BT can also only be applied to a portion of the balance.  For the other part of this question see my comment above.

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@red259 wrote:

On my credit report can lenders tell if I paid a credit card via a BT?

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You can look at your own report to see.  Line items are not reported.  Payments may be reported but source of the payment is not.

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@red259 wrote:

So if I BT from amex to a different lender Amex could take AA? That seems petty. Heh. 

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No -- that's called anecdotal evidence.  Never attempt to extrapolate a trend based on a single data point no matter what the topic.  A point is just a point.  A point on its own cannot define a line --- much less a trend.

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@Runitup wrote:

I was gonna apply for a BCE with a $250 reward for $1k purchases but to be honest, I don't want to worry about AA/FRs if I BT or up my utilization.  Sounds like a lot of drama.  It's a good offer, though.

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You don't need to worry.  The whole fear over all that is severely overblown on myFICO.  Utilization is a significant risk factor with all creditors -- not just AmEx.  That's why it's the second biggest slice (Amounts Owed):

http://www.myfico.com/crediteducation/whatsinyourscore.aspx