Cap 1 waives balance transfer fee :-)

[mmmlive1999]

I have been with Cap 1 since 2012, always PIF. I paid off a large,$13k student loan with a travel points card and wanted to BT to 0% APR , Cap 1 and pay it off in a few mos. I had the special 2% balance transfer fee offer but didn't want to get hit with paying $260! I called the customer service representative to see about lowering the rate as a courtesy and she said that actually they waive the whole fee if the transferred balance is paid off within 60 days of the transfer!!! I just had to call back when I paid it off, so I did 50 days later, and true to their word they removed the balance transfer fee.😁

[Vegas4Play]

nice congrats to u!!

[Anonymous]

That's awesome!!! Congrats!!

[RonM21]

Very nice! Congrats!

[Anonymous]

Congratulations OP did not know they would do that thanks for sharing!

[Anonymous]

That was quite a nice gesture from Capital One.  Good job!!

[Anonymous]

I wish my student loan company would let me pay them off with a CC (MyFedLoan)

[Anonymous]

Nice! Congrats!

Also, thank you for sharing that piece lf knowledge with us! 

[Anonymous]

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@mmmlive1999 wrote:
I have been with Cap 1 since 2012, always PIF. I paid off a large,$13k student loan with a travel points card and wanted to BT to 0% APR , Cap 1 and pay it off in a few mos. I had the special 2% balance transfer fee offer but didn't want to get hit with paying $260! I called the customer service representative to see about lowering the rate as a courtesy and she said that actually they waive the whole fee if the transferred balance is paid off within 60 days of the transfer!!! I just had to call back when I paid it off, so I did 50 days later, and true to their word they removed the balance transfer fee.😁

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Nice!!!!!!

[Anonymous]

Interesting. All my balance transfer offers from Cap One have been with "no fee."