Reply
Blogger
Posts: 3,244
Registered: ‎10-19-2012
0

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. :smileyhappy:

Valued Contributor
Posts: 2,646
Registered: ‎09-26-2011
0

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

Mail those offers to me, and I'll use them.  :smileyhappy:

Current Scores: EX 706 (FCR) TU08: 660 Wally. 01/03/2015.
Garden? What is a Garden? :smileytongue:
Zero percent financing is where the devil lives...
Senior Contributor
Posts: 3,595
Registered: ‎01-10-2008
0

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

[ Edited ]

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.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Senior Contributor
Posts: 6,242
Registered: ‎08-16-2012
0

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

That is a high fee 😳
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

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..


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Senior Contributor
Posts: 3,256
Registered: ‎11-13-2012
0

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. :smileyhappy:


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 :smileysad:  ... I have been getting numerous offers like that.  Sock drawer is not needed but always PIF will trigger many of these offers. 

FICO® EQ 795 (as of today) - TU 778 (12/27) ¦ Fako EX 811 (12/02 - CS) ¦ last app 01/19/15 ¦ INQ last 2 yrs TU: 5, EX: 5, EQ: 3

Move the mouse over the cards for detailed view!


Mega Contributor
Posts: 15,436
Registered: ‎04-09-2011
0

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.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Blogger
Posts: 3,244
Registered: ‎10-19-2012
0

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. :smileywink:

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....

Senior Contributor
Posts: 3,595
Registered: ‎01-10-2008
0

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.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}