topic Re: BT ? Advice needed in Credit Cards

BT ? Advice needed

lg8302ch — Wed, 18 Feb 2015 10:26:36 GMT

Good morning everybody

I am a newbie on BT and would like to get your opinion/suggestion

Cap1, Chase Marriott, Sallie Mae all offer the same BT promo with the same low transaction fee

Cap1: Pros I do not need the card for purchases during BT, high limit / Cons My very first BT is still running and there will be a 2nd if I use this card

Chase Marriott: Pros high limit / Cons not sure if there will be purchases in the next 4-5 months where I would like to use the card, purchase APR 15,99%

Sallie Mae: Pros still in 0% purchase APR / Cons low limit after transferring 5K over to US Airways two weeks ago

If not for the limit I think the best card to place the BT on would be Sallie Mae as still in 0% purchase APR period. Like this I would not have to stop using the card to avoid interest. I had to move 5K over to US Airways due to the low approval limit of 2,5K but this was before Barclays decided to increase the limit on the Arrival+ and US Airways a few days later. Do you think Barclays might move over the 3K they increased on Arrival+ to Sallie Mae? Reading from Barclays high util on their card could trigger AA and with the BT I would be at 50-60% if the limit remains 5K. I would pay 500-600$ every month so the util will go down. Risk of AA if I leave the limit like this and proceed with the BT on this card ?

For Cap1 there is my very first BT ending in 2 months and I do not know what happens if I start a new one on this card? How does it work paying off 2 different 0% APR balances?

The Marriott is not ideal because I am not sure if I would like to use the card during the BT but hate to pay interest on new purchases. So this is also not the best option. My plan was to do a BT on Freedom which had the offer for over a year and Chase just has removed the promo on both accounts Freedom and CSP. Well CSP I never was considering but Freedom would have been the card I could have stopped using for the BT period.

What would you do?

Thanks in advance

Re: BT ? Advice needed

jsucool76 — Wed, 18 Feb 2015 11:01:49 GMT

There shouldn't be any issue with Barclay's moving some credit around for you.

Re: BT ? Advice needed

lg8302ch — Wed, 18 Feb 2015 11:41:07 GMT

@jsucool76 wrote:
There shouldn't be any issue with Barclay's moving some credit around for you.

Thanks. I will call in the morning and see what will happen. Ideal would be 3K from Arrival to Sallie Mae and I am all set.

Re: BT ? Advice needed

Anonymous — Wed, 18 Feb 2015 14:08:00 GMT

You got a 0% Purchase promo with the Sallie Mae? Gee. I barely got the 0% BT's for 15mos when I opened it.

Re: BT ? Advice needed

lg8302ch — Wed, 18 Feb 2015 14:39:24 GMT

@Anonymous wrote:
You got a 0% Purchase promo with the Sallie Mae? Gee. I barely got the 0% BT's for 15mos when I opened it.

Oh... I thought everybody would have the 0% intro for 12 billing cycles for purchases and BTs .. my 0% intro will expire in June and by then my BT is probably paid off or I can limit the use for a month or two.

Re: BT ? Advice needed

lg8302ch — Wed, 18 Feb 2015 15:44:37 GMT

Kudos for Barclays credit department. Smooth juggling CLs around and like this the Sallie Mae with 8K now looks like the best card to use for my BT experiment