Nation Wide Visa balance transfers

[911gt34life]

today i call nation wide for my visa credit card  for balance transfers and they told me there is 27 dollar fee why is that if say 0% introductory APR on bank credit card purchases and balance transfers for 6 billing cycles from account opening any idea ? just open this account few week ago.

[MarineVietVet]

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@911gt34life wrote:

today i call nation wide for my visa credit card  for balance transfers and they told me there is 27 dollar fee why is that if say 0% introductory APR on bank credit card purchases and balance transfers for 6 billing cycles from account opening any idea ? just open this account few week ago.

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The APR on BT's is separate from any transaction fees that might be charged. IME it's always been a percentage of the amount you are transferring. The last BT I did with Cap 1 had a 2% fee. What amount were you thinking about transferring? That $27 is probably a percentage of that.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

[score_building]

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@MarineVietVet wrote:

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@911gt34life wrote:

today i call nation wide for my visa credit card  for balance transfers and they told me there is 27 dollar fee why is that if say 0% introductory APR on bank credit card purchases and balance transfers for 6 billing cycles from account opening any idea ? just open this account few week ago.

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The APR on BT's is separate from any transaction fees that might be charged. IME it's always been a percentage of the amount you are transferring. The last BT I did with Cap 1 had a 2% fee. What amount were you thinking about transferring? That $27 is probably a percentage of that.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

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marinevet, so yours was 2%? that's pretty good, IIRC mine was 3%

2% is a rarer find (below the current market standard 3-5%)

OP- as already mentioned you still pay a "BT fee" on most "0% BTs" as a percentage of the amt transferred.. 0% offers with no BT fees are difficult to come by.

[MarineVietVet]

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@score_building wrote:

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marinevet, so yours was 2%? that's pretty good, IIRC mine was 3%

2% is a rarer find (below the current market standard 3-5%)

OP- as already mentioned you still pay a "BT fee" on most "0% BTs" as a percentage of the amt transferred.. 0% offers with no BT fees are difficult to come by.

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Yes I was actually surprised to see that. Cap 1 hadn't offered me a decent BT offer in years until this one.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

[911gt34life]

I said 900 that she said 27 dollar.

[MarineVietVet]

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@911gt34life wrote:
I said 900 that she said 27 dollar.

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That would be a 3% transaction fee.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

[Anonymous]

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@score_building wrote:

marinevet, so yours was 2%? that's pretty good, IIRC mine was 3%

2% is a rarer find (below the current market standard 3-5%)

OP- as already mentioned you still pay a "BT fee" on most "0% BTs" as a percentage of the amt transferred.. 0% offers with no BT fees are difficult to come by.

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Not to threadjack, but it does amaze me how different companies treat different people.  Amazing actuarial science going on behind the scenes!

BoA WorldPoints: 4% fee at purchase APR no cap

Navy: 0% Fee at 5.99% APR

PenFed: 2.5% fee at standard purchase rate, capped at $100

360 FCU: 0% fee at 2.1% 6 months, then at purchase APR

Crap1: 0% fee at purchase APR

Discover: No BT offers available, but I think they upped the fee to 4% from 3% capped at $100 last time I had an offer

Don't remember the terms on my juniper or Household bank cards...