Credit Cards

[TATATA]

Ladies and Gentlemen - 

I need your help. NFCU has blocked all of my credit cards (3 to be exact); however, I still have access to my checking, savings, and on-line banking. I have no idea why this was done. The only thing that I have been recently doing is making balance transfers from my NFCU credit cards to my Capital One credit cards and vice versa to take advantage of the 0% promotion. I assume the accounts triggered some sort of suspicious activity in their system - I don't know. I've been a member for almost 3 years and I have never been late - not even a day. I'm waiting to hear back from their security department. 

I just wanted to confirm with the experts that there is nothing illegal about making balance transfers back and forth between different credit card accounts right? Or am I missing something? 

Please advise. Thank you. 

[SpeedingWheels]

Call them and ask whats up? 

[TATATA]

Funny! Believe or not that's the first thing I did; however, I'm still waiting to hear back from their security department. Left several messages already. 

[bs6054]

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TATATA wrote:

Ladies and Gentlemen - 

I need your help. NFCU has blocked all of my credit cards (3 to be exact); however, I still have access to my checking, savings, and on-line banking. I have no idea why this was done. The only thing that I have been recently doing is making balance transfers from my NFCU credit cards to my Capital One credit cards and vice versa to take advantage of the 0% promotion. I assume the accounts triggered some sort of suspicious activity in their system - I don't know. I've been a member for almost 3 years and I have never been late - not even a day. I'm waiting to hear back from their security department. 

I just wanted to confirm with the experts that there is nothing illegal about making balance transfers back and forth between different credit card accounts right? Or am I missing something? 

Please advise. Thank you. 

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This should be OK.  Many issuers block transfers between their own cards, but cross companies it really shouldn't matter.   Of course, doesn't always make sense if there are BT fees.

[wallyworld123]

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TATATA wrote:

Ladies and Gentlemen - 

I need your help. NFCU has blocked all of my credit cards (3 to be exact); however, I still have access to my checking, savings, and on-line banking. I have no idea why this was done. The only thing that I have been recently doing is making balance transfers from my NFCU credit cards to my Capital One credit cards and vice versa to take advantage of the 0% promotion. I assume the accounts triggered some sort of suspicious activity in their system - I don't know. I've been a member for almost 3 years and I have never been late - not even a day. I'm waiting to hear back from their security department. 

I just wanted to confirm with the experts that there is nothing illegal about making balance transfers back and forth between different credit card accounts right? Or am I missing something? 

Please advise. Thank you. 

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I do believe you triggered an alert especially going back and forth  i am positive that nfcu is looking out for your best interest! Please keep us updated

[mr_postman]

yeah i agree its just a precuation from navyfed once you verify transaction the hold should be lifted 

[bostonte]

What's the reasoning for transferring back and forth between the same accounts?

[TATATA]

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wallyworld123 wrote:

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TATATA wrote:

Ladies and Gentlemen - 

I need your help. NFCU has blocked all of my credit cards (3 to be exact); however, I still have access to my checking, savings, and on-line banking. I have no idea why this was done. The only thing that I have been recently doing is making balance transfers from my NFCU credit cards to my Capital One credit cards and vice versa to take advantage of the 0% promotion. I assume the accounts triggered some sort of suspicious activity in their system - I don't know. I've been a member for almost 3 years and I have never been late - not even a day. I'm waiting to hear back from their security department. 

I just wanted to confirm with the experts that there is nothing illegal about making balance transfers back and forth between different credit card accounts right? Or am I missing something? 

Please advise. Thank you. 

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I do believe you triggered an alert especially going back and forth  i am positive that nfcu is looking out for your best interest! Please keep us updated

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I hope you're right. I will most definitely keep all of you updated. 

[TATATA]

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bostonte wrote:

What's the reasoning for transferring back and forth between the same accounts?

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To get the 0% APR for 12 months on all my balance transfers. 

[bs6054]

And there is no BT fee?