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Established Contributor
Posts: 522
Registered: ‎08-05-2009
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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
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Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
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Re: PenFed 0% / 18 months

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


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Established Member
Posts: 10
Registered: ‎10-07-2012
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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
Posts: 1,396
Registered: ‎01-14-2009
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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
Posts: 1,960
Registered: ‎08-13-2007
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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
Posts: 608
Registered: ‎10-11-2012
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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!


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Valued Contributor
Posts: 1,673
Registered: ‎11-11-2012
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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
Posts: 1,396
Registered: ‎01-14-2009
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Re: PenFed 0% / 18 months

This is what I see after I log off:

 

 

Valued Contributor
Posts: 1,396
Registered: ‎01-14-2009
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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
Posts: 3,322
Registered: ‎05-05-2011
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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. 

 

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