Balance transfer ? (store card to Visa)

axledobe · ‎08-10-2014

I'm hoping someone has experience with balance transfers that can help. DW just applied and was approved for the BofA BankAmericard (the 0% interest for 15 months, no rewards or AF card). She's had a couple of dings on her credit in the past few years but surprisingly BofA stepped up with a 7.5K starting limit. My question is - we plan to transfer her HH Gregg card (electronics store) card balance to the new BofA. The HH Gregg card (which is actually GECRB or Sychrony now) is just a store card that can only be used in store (it's not a MC, Visa, etc.). Will this work okay? Has anyone transferred a store card to a prime lender Visa/MC? Will there be any issues or is this common practice?

Thanks so much for the help.

FICO SCORES: TU 769; EX 790; EQ 790 ***Gardening indefinitely***

Closingracer99 · ‎08-10-2014

I am like 90% sure you can BT from a Store card

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740

Closingracer99 · ‎08-10-2014

For my Citi card an option is for Store and Gas cards so yes

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740

axledobe · ‎08-10-2014

I sure hope so. Otherwise DW was just approved for a useless card. I didn't even think about it when she was applying. Thanks for the response racer.

FICO SCORES: TU 769; EX 790; EQ 790 ***Gardening indefinitely***

Closingracer99 · ‎08-10-2014

@axledobe wrote:
I sure hope so. Otherwise DW was just approved for a useless card. I didn't even think about it when she was applying. Thanks for the response racer.

I would imagine Bank of America would allow it. TBH I wouldn't call it useless card since it has 0% APR so you can carry a balance on it ( Wouldn't consider posting near max ) and a new TL which is always postive

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740

trumpet-205 · ‎08-10-2014

Tell them you want to BT a store card, they can either,

* DD cash to your checking account from BT (which you then use to pay off the store card)

* Send you a BT check. Use that check to pay off the store card.