Reply
Established Contributor
UFGuy2006
Posts: 745
Registered: ‎08-02-2008
0

Penfed BT Offer

Curious, with this cap on the 3% fee (250) could you potentially do a BT to a debit card? For example, to my BOA or Chase debit cards? Anyone done this before?

FICO: EX: 743 (10/14); TU: 758 (9/14); EQ 721 (9/14)

In My Wallet: Amex X 5 | Barclays X 3 | BOA X 1 | CapOne X 3 | Chase X 3 | Citi X 7 | DCU X 1 | Discover X 1 | Fidelity X 1 | Fifth Third X 1 | Macys X 1 | PenFed X 1 | PSECU X 1 | Sams Club MC X 1 | Target RedCard X 1 | USAA X 2 | US Bank X 1 | Walmart X 1 | Wells Fargo X 1 = 36 Cards

Holding off apps until the end of the year! Wish me luck!
Senior Contributor
jsucool76
Posts: 3,835
Registered: ‎12-11-2011
0

Re: Penfed BT Offer

What do you mean by do a BT to a debit card? Do you mean write a convenience/bt check and deposit it into a checking account?
;
Established Contributor
UFGuy2006
Posts: 745
Registered: ‎08-02-2008
0

Re: Penfed BT Offer


jsucool76 wrote:
What do you mean by do a BT to a debit card? Do you mean write a convenience/bt check and deposit it into a checking account?

No, actually penfed asks you to enter an account number and amount to transfer (usually a credit card number). 

FICO: EX: 743 (10/14); TU: 758 (9/14); EQ 721 (9/14)

In My Wallet: Amex X 5 | Barclays X 3 | BOA X 1 | CapOne X 3 | Chase X 3 | Citi X 7 | DCU X 1 | Discover X 1 | Fidelity X 1 | Fifth Third X 1 | Macys X 1 | PenFed X 1 | PSECU X 1 | Sams Club MC X 1 | Target RedCard X 1 | USAA X 2 | US Bank X 1 | Walmart X 1 | Wells Fargo X 1 = 36 Cards

Holding off apps until the end of the year! Wish me luck!
Valued Contributor
chnceit
Posts: 1,524
Registered: ‎08-17-2008
0

Re: Penfed BT Offer

Your asking like a cash advance. I never heard anything like this before. But I believe a CC have a distinctive number so a company knows, but I could be wrong.

$100K in Credit
Last Credit Card App: 11/16/13
Frequent Contributor
manyquestions
Posts: 307
Registered: ‎10-20-2008
0

Re: Penfed BT Offer

[ Edited ]

Some banks like Citi will let you BT to a cheking account.  I don't know about Penfed.  Why not just try using the debit card number and see what happens? The worst that can happen is it doesn't go through.


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+
}