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Frequent Contributor
Posts: 285
Registered: ‎03-29-2008
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Do credit card companies "rataliate" when you BT away from them?

Do credit card companies "retaliate" when you BT away from them?
 
I wondered this becase I used to have BT offers at WAMU. Then I paid off the account in one big swoop (because I sold an instrument, not a BT) - but I could see them thinking this was a BT.
 
I used to get offers from WAMU to transfer balances to them, instead I got a credit limit DECREASE!
 
When you do a BT can you have the check sent to you, so that it is not obvious to the credit card company that it is a BT? (No that that would have helped my WAMU situation.)
 
Thanks
Frequent Contributor
Posts: 285
Registered: ‎03-29-2008
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Re: Do credit card companies "rataliate" when you BT away from them?

Please forgive me for the misspelling - I know it's rEtaliate!
 
Huked on Fonniks wurkd fur me!
Established Contributor
Posts: 971
Registered: ‎01-13-2008
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Re: Do credit card companies "rataliate" when you BT away from them?

Iy sounds like WaMu is just plain loosing it these days.

ace9848 wrote:
Do credit card companies "retaliate" when you BT away from them?
 
I wondered this becase I used to have BT offers at WAMU. Then I paid off the account in one big swoop (because I sold an instrument, not a BT) - but I could see them thinking this was a BT.
 
I used to get offers from WAMU to transfer balances to them, instead I got a credit limit DECREASE!
 
When you do a BT can you have the check sent to you, so that it is not obvious to the credit card company that it is a BT? (No that that would have helped my WAMU situation.)
 
Thanks



1-14-08....... TU=683, EQ=667, EX=666
7-04-08....... TU=688, EQ=678, EX=682.......
.......4 of my 5 cards and a new car later.
2/13/09 and forever EX 693
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Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
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Re: Do credit card companies "rataliate" when you BT away from them?

[ Edited ]
That is a tactic some banks use. BoA does the same thing. Long line of small payments with a lump sum payment sets off a auto trigger. Probably not the BT it self that caused it. However if the card you were transferring to shows a balance before Wamu updated the bal on your CR it may have affected your credit UTL TWICE showing that you owed double. Hence a lower score and larger debt, CLD.

I don't think BT away does anything. Call Wamu and ask for your CL back after your CRs update to be sure that only 1 account is showing a bal.

Message Edited by ilovepizza on 05-11-2008 02:35 PM
If we never set higher goals we would never get as far.
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