cancel
Showing results for 
Search instead for 
Did you mean: 

Best way to do BT?

Senior Contributor

Best way to do BT?

I have two good 0% BT opinions available (USAA & Citi) and have decided to pull the trigger. Trying to figure out the best way to execute it.

 

Convenience check deposited into my account and then paying vs.. Electronically. Neither way creates a hardship but I'm wondering if using an electronic payment would decrease the chances of a CLI from the $0 balance card down the road. Even if I did not do a BT the balance would be paid off in a few months but it really doesn't make sense to pay interest if avoidable.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Message 1 of 8
7 REPLIES
Frequent Contributor

Re: Best way to do BT?

I just did a BT from my Dell(26%) to my Discover card last month.  I called the rep and gave her the info and it was done.  I don't think I should have a problem considering I would have the account PIF in 18months.  And if I have a balance, I would BT to Citi Forward or Simplicity.  The balance may be around $1500, but atleast I am paying on principles and not Dell 26% interest...


5/30/15 EQ 596; TU 605; EX 580.
10/17/16 EQ 632; TU 656; EX 647
Message 2 of 8
Senior Contributor

Re: Best way to do BT?

In case it matters: The company I'd be transferring away from is Chase and the card will be 6 months old in Jan.

 

I'm unwilling to take a HP for CLI so it may be moot.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Message 3 of 8
Valued Contributor

Re: Best way to do BT?

I did a BT from Barclays to Citi and, within 6 months, they both gave me CLIs.

11/30/08 TU 648 EX 672 EQ 656 SEPT 2014 TU 787 EX 789 EQ ???
Amex BCP $24.1K/Clear $8.5- Sallie Mae $27.5 -Cap One QS $7.5 - Chase Freedom $7.5/United $5k/CSP $20k/Ink- Citi DP $9.5/Dividend $13k/HHHx2 $15k/16.4/Reserve $4.5k Best Buy $1940 HD $1701- Discover IT $15k - Elan $8k GEMB Lowes $20k - Macy's $2k - Kohl's $800




Starting Score: 648
Current Score: 736
Goal Score: 765


Take the FICO Fitness Challenge

Message 4 of 8
Senior Contributor

Re: Best way to do BT?

Called Citi (Diamond Preferred) and they did a direct deposit for the BT amount. Direct pay was an option, too. 


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Message 5 of 8
Frequent Contributor

Re: Best way to do BT?


drkaje wrote:

Called Citi (Diamond Preferred) and they did a direct deposit for the BT amount. Direct pay was an option, too. 



I was just approved for the Diamond Preferred yesterday.  Did you get your card already?  How long does did it take to get your card?


5/30/15 EQ 596; TU 605; EX 580.
10/17/16 EQ 632; TU 656; EX 647
Message 6 of 8
Senior Contributor

Re: Best way to do BT?

I've had the card for around 2 years. Really can't recall how long transit took.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Message 7 of 8
Highlighted
Super Contributor

Re: Best way to do BT?

I really don't think that companies care too much about how you perform a BT, but personally I would go for the electronic route, as it **should** be faster than sending a check, and woukd minimize delay due to holding funds.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 8 of 8