balance transfer?

[Creditaddict]

---

@Anonymous wrote:
I think what op is saying is that he makes the 3k spend on the csp and transfers the balance to citi, a 0% Apr card, and while won't receive extracash with citi, he'll definitely receive the ur points from chase.

---

How many points are we talking and what is the value of those bonus points?

The BT is 3,4%??

Does that make it still a bonus or are you wiping out the bonus with fees?

[s_rob7488]

I believe if I spend 3k on the card I get an additional 40,000 bonus points. I'm not sure what the Citi card BT rate is...I guess I need to look although I am still waiting to get the card. I pry won't transfer unless it's 0% (which I thought I saw but very well could be wrong)

[Creditaddict]

---

@s_rob7488 wrote:
I believe if I spend 3k on the card I get an additional 40,000 bonus points. I'm not sure what the Citi card BT rate is...I guess I need to look although I am still waiting to get the card. I pry won't transfer unless it's 0% (which I thought I saw but very well could be wrong)

---

no it most likely is 0% for 12,15,21 months but you have to "usually" pay a BT Fee which is typically between 3-5% (that would be a 1 time fee and then that balance would be 0% for however many months they are offering.

But if this is a new card that you are trying to get the bonus points on, does it not have 6,12 months 0% on Purchases and BT? You would not even have to BT if it is 0%

[s_rob7488]

I got sapphire preferred and it's 15.24% right away (at least mine is). I just want to avoid having to pay interest! I had to buy a couch as the one I had didn't fit into my new apartment and wanted to get my spending to the 3k threshold.

[Open123]

If it's the only way to manage it, 3% fee for 40k points is still worth it.

For instance, if I paid $3k worth of taxes, the fee would be $150, but I receive $400 which nets $250.  It's still worth it for a something that I must spend regardless.  I wouldn't spend for the sake of spending just to meet the requirement, but only things you would spend anyway.