Reply
Frequent Contributor
OnTheRebound
Posts: 471
Registered: ‎08-05-2009
0

PenFed 0% / 18 months

Logged onto my wife's account and noticed they are offering 0% for 18 months for balance transfers on all their cards.

 

Anyone else see this?

 

0% Balance Transfer 18 months

Mine- Amex BCE $11.1 / Citi Diamond Preferred WMC $12K / Citi Double Cash WMC $3.8K / Comenity Total Rewards Visa $2.5K / Citi Home Depot $5K / DW's- I'm AU on most- Amex BCP $12K / Chase Freedom Visa $11014.00 / PenFed Platinum Rewards Visa Signature $6K / Citi Simplicity MC $4.4K / GE Lowes $10K / GE CareCredit $5K
myFico Scores as of 10/03/2014
Equifax 798 / Experian 811 / TransUnion 814
Senior Contributor
drkaje
Posts: 3,491
Registered: ‎07-25-2008
0

Re: PenFed 0% / 18 months

I'd go for it if there were a gold bar, LOL!


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


Take the FICO Fitness Challenge
Established Member
rabell12
Posts: 10
Registered: ‎10-07-2012
0

Re: PenFed 0% / 18 months

Yep. I just processed a BT to my Platinum Rewards card yesterday at the normal promotional interest rate of 4.99%.  Called this morning when I saw the 0% offer and was told they couldn't 'undo' the transfer that posted on 12/31. I plan to call back back tomorrow when they are fully staffed and escalate to see what, if anything, can be done. If they say no I'll have to shuffle around some BTs to be able to take advantage of the 0%.

Valued Contributor
kevinjjc
Posts: 1,374
Registered: ‎01-14-2009
0

Re: PenFed 0% / 18 months

It's also advertised on PenFed's website: https://www.penfed.org/balance-transfer/?intcid=ad-0PercentBalXfer-PenFedORG-ProductDetail-208x173-1...

 

0% APR promotional rate for 18 months on transfers made between January 1, 2013 and March 31, 2013.

 

A balance transfer fee of 3% (Min. - $10, Max. - $250) per transaction applies.

 

 

 

 

Valued Contributor
RockinRay
Posts: 1,947
Registered: ‎08-13-2007
0

Re: PenFed 0% / 18 months

I have the same offer - that is nice!

 

Looks like they cap the fee at $250.00 too...

 

Maybe time for that new Rolex I have been looking at!  :smileyhappy:

Ray

** Every Card has a Job, and Every Card does its Job **

Established Contributor
LesWH
Posts: 608
Registered: ‎10-11-2012
0

Re: PenFed 0% / 18 months

Maybe it will get back to Navy Federal that this is going on and they will offer a 0% BT promotion too!


NFCU Signature Visa Cash Rewards, NavChek, Citi AA AMEX, Cap1 Cash Rewards, Discover IT, Home Depot, Sears, Walmart, Chase Freedom, AMEX Green, Lowe's, AMEX BCE, Chase Sapphire Preferred, AMEX Hilton Honors Surpass, PayPal Extras MC, PenFed Platinum Cash Rewards, AMEX Platinum

GC Challenge: App Free since 1/8/13. No more apps til 2014






Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: PenFed 0% / 18 months


kevinjjc wrote:

It's also advertised on PenFed's website: https://www.penfed.org/balance-transfer/?intcid=ad-0PercentBalXfer-PenFedORG-ProductDetail-208x173-1...

 

0% APR promotional rate for 18 months on transfers made between January 1, 2013 and March 31, 2013.

 

A balance transfer fee of 3% (Min. - $10, Max. - $250) per transaction applies.

 

 

 

 


I notice it says: This transaction is subject to credit approval.    Is that standard on BTs?   I had assumed you that for BTs on any card you could transfer up to your BT/Cash Advance limit on the card.  Does this mean an extra level of approval is required?

Valued Contributor
kevinjjc
Posts: 1,374
Registered: ‎01-14-2009
0

Re: PenFed 0% / 18 months

This is what I see after I log off:

 

 

Valued Contributor
kevinjjc
Posts: 1,374
Registered: ‎01-14-2009
0

Re: PenFed 0% / 18 months

[ Edited ]

bs6054 wrote:

kevinjjc wrote:

It's also advertised on PenFed's website: https://www.penfed.org/balance-transfer/?intcid=ad-0PercentBalXfer-PenFedORG-ProductDetail-208x173-1...

 

0% APR promotional rate for 18 months on transfers made between January 1, 2013 and March 31, 2013.

 

A balance transfer fee of 3% (Min. - $10, Max. - $250) per transaction applies.

 

 

 

 


I notice it says: This transaction is subject to credit approval.    Is that standard on BTs?   I had assumed you that for BTs on any card you could transfer up to your BT/Cash Advance limit on the card.  Does this mean an extra level of approval is required?


I believe that is standard wording on PenFed BT offers. It just means they have the right to deny any BT request.

Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011
0

Re: PenFed 0% / 18 months


bs6054 wrote:

kevinjjc wrote:

It's also advertised on PenFed's website: https://www.penfed.org/balance-transfer/?intcid=ad-0PercentBalXfer-PenFedORG-ProductDetail-208x173-1...

 

0% APR promotional rate for 18 months on transfers made between January 1, 2013 and March 31, 2013.

 

A balance transfer fee of 3% (Min. - $10, Max. - $250) per transaction applies.

 

 

 

 


I notice it says: This transaction is subject to credit approval.    Is that standard on BTs?   I had assumed you that for BTs on any card you could transfer up to your BT/Cash Advance limit on the card.  Does this mean an extra level of approval is required?


I noticed that on the citi card I got for a bt. I think it's just standard banking protocol. 

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}