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Bank of America 0% on transferred balance for 15 months offer

Blogger

Bank of America 0% on transferred balance for 15 months offer

I have a BofA Cash Rewards credit card that I have barely used for the last 5 months. Last month I received 2 balance transfer offers from BofA as recorded in my account:

1. 0% until Sep 2014

 

or, 

 

2. 1.99% until Dec 2014

 

The balance transfer fee is 4%. The offer expires in about a month. I probably will not take advantage of these offers - just wanted to inform others of what BofA may give you if you put your BofA cards into the sock drawer for a while. Smiley Happy

Message 1 of 9
8 REPLIES
Senior Contributor

Re: Bank of America 0% on transferred balance for 15 months offer

Mail those offers to me, and I'll use them.  Smiley Happy



Zero percent financing is where the devil lives...

10/01/17 Fico8 scores: EX 660, EQ 647, TU 663
Message 2 of 9
Senior Contributor

Re: Bank of America 0% on transferred balance for 15 months offer

That 4% fee is a deal breaker, was a bit surprised to receive one from US Bank recently (quickly introduced to shredder) with a 5% BT fee  

FWIT 4% is standard for boa. Left unused new offers seem to roll in one after the other making the date of expiry rather inconsequential.

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 3 of 9
Senior Contributor

Re: Bank of America 0% on transferred balance for 15 months offer

That is a high fee 😳
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Message 4 of 9
Moderator Emeritus

Re: Bank of America 0% on transferred balance for 15 months offer

That BT fee is high...  I could see the 1.99% offer being valuable if it also came with a 0% BT fee. Otherwise I would pass..


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Message 5 of 9
Senior Contributor

Re: Bank of America 0% on transferred balance for 15 months offer


HiLine wrote:

I have a BofA Cash Rewards credit card that I have barely used for the last 5 months. Last month I received 2 balance transfer offers from BofA as recorded in my account:

1. 0% until Sep 2014

 

or, 

 

2. 1.99% until Dec 2014

 

The balance transfer fee is 4%. The offer expires in about a month. I probably will not take advantage of these offers - just wanted to inform others of what BofA may give you if you put your BofA cards into the sock drawer for a while. Smiley Happy


I got the exact same offer on the travel rewards signature visa and on the cash rewards signature visa. (same dates)  BofA has tried for the past 10 years to convince me to carry a balance with their offers... but I hate paying interest and therefore I keep trashing these checks Smiley Sad  ... I have been getting numerous offers like that.  Sock drawer is not needed but always PIF will trigger many of these offers. 

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....Last HP 01 NOV 2016...............
Message 6 of 9
Mega Contributor

Re: Bank of America 0% on transferred balance for 15 months offer

This makes me feel really good about my Barclays BT offer I took lat month. 2% fee 0% until April 2014.




EQ FICO 548 3/3/16
Message 7 of 9
Blogger

Re: Bank of America 0% on transferred balance for 15 months offer

4% is just a little higher than 3% which seems to be the industry standard. If you're looking for a short-term loan you'd be hard pressed to find a lower interest rate. Smiley Wink

I'd be willing to share the offer code, though I don't know if you'd be able to use it without having the offer in your account....

Message 8 of 9
Highlighted
Senior Contributor

Re: Bank of America 0% on transferred balance for 15 months offer

Makes sense to seek out a better offer of up to 3% max, ideally 0-2%, since they're out there, rather than accept something higher.

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 9 of 9