topic Freedom and CSP in Credit Cards

Freedom and CSP

vanillabean — Mon, 05 Jan 2015 16:56:34 GMT

If you get both a Freedom and a CSP, can you then balance transfer the $4,000 you spend on the CSP to the Freedom for 15 months of 0% APR?

Re: Freedom and CSP

Anonymous — Mon, 05 Jan 2015 16:58:52 GMT

@Anonymous-own-fico wrote:
If you get both a Freedom and a CSP, can you then balance transfer the $4,000 you spend on the CSP to the Freedom for 15 months of 0% APR?

Issuers genereally forbid BT between their own cards. Howevr, if they send you a BT check for Freedom that you can deposit in your bank account (and pay off the CSP) you can do it that way

Re: Freedom and CSP

vanillabean — Mon, 05 Jan 2015 17:06:23 GMT

@Anonymous wrote:
@Anonymous-own-fico wrote:
If you get both a Freedom and a CSP, can you then balance transfer the $4,000 you spend on the CSP to the Freedom for 15 months of 0% APR?

Issuers genereally forbid BT between their own cards. Howevr, if they send you a BT check for Freedom that you can deposit in your bank account (and pay off the CSP) you can do it that way

Oh, ok. How, do you think, does Amex feel about having a bill being paid by a balance transfer from Chase?

Re: Freedom and CSP

Anonymous — Mon, 05 Jan 2015 17:33:42 GMT

BT it over to a CapOne then turn around and BT back to Chase.

Re: Freedom and CSP

Anonymous — Mon, 05 Jan 2015 17:54:25 GMT

@Anonymous wrote:
BT it over to a CapOne then turn around and BT back to Chase.

Fee-free?

Re: Freedom and CSP

kdm31091 — Mon, 05 Jan 2015 19:02:37 GMT

I think BT'ing it twice would be a hassle and would take weeks and weeks, and you will get hit with fees anyway, so there's no much point.

Re: Freedom and CSP

Kenny — Mon, 05 Jan 2015 19:07:03 GMT

Lenders don't care how they get paid, just so they get paid. (Regarding the Amex question.)

With regard to a Chase to Chase BT -- that's not allowed. LTL got it right with the check to your account though. If you do that, then you are able to pay the other Chase card off. How are they to know which funds you're using to pay said card off? Would it be wise to do this over and over? No. But, if you need to do it once, I don't see how that would be a terrible thing.

Re: Freedom and CSP

Anonymous — Mon, 05 Jan 2015 19:10:18 GMT

Yes fee free

Re: Freedom and CSP

Anonymous — Mon, 05 Jan 2015 19:31:27 GMT

@Anonymous wrote:
Yes fee free

You must have different cards! My Freedom charges 3% on BT, and I thought cap one had similar rates

Re: Freedom and CSP

Anonymous — Mon, 05 Jan 2015 19:32:10 GMT

My two CapOnes have no fee BTs.