topic Re: FNBO BT Checks in Credit Cards

FNBO BT Checks

Anonymous — Mon, 15 Jun 2015 23:08:06 GMT

Ive read about such things before never have I laid eyes on them until I went and brought in todays mail.

They say 0% until sept 2016 then 17.99% after. It appears to be 3 checks.

Are these ones people mention you can actually right yourself a check?

Kinda cool anyone else get them or have any plans for them.

-Joe

Re: FNBO BT Checks

galahad15 — Mon, 15 Jun 2015 23:14:38 GMT

@Anonymous wrote:
Ive read about such things before never have I laid eyes on them until I went and brought in todays mail.

They say 0% until sept 2016 then 17.99% after. It appears to be 3 checks.

Are these ones people mention you can actually right yourself a check?

Kinda cool anyone else get them or have any plans for them.

-Joe

Yes, I got several rounds of these promotional 0% 12+ mo. FNBO BT checks myself, and think they are officially awesome! Not 100% sure about the writing yourself thing though, perhaps someone else who knows a little more details about that could please elaborate?

Re: FNBO BT Checks

gdale6 — Mon, 15 Jun 2015 23:21:38 GMT

Yes they can be written to yourself and deposited into your checking account.

Re: FNBO BT Checks

Anonymous — Mon, 15 Jun 2015 23:38:42 GMT

Hmm good to know. I dont have a need for them in a traditional sense to reduce any high interest debt.

After looking closer at the letter it says right on there "write to any merchant that accepts checks"

One last question whats the usual amount you can write for these? Is it your CL?

Re: FNBO BT Checks

JSS3 — Tue, 16 Jun 2015 00:09:30 GMT

Don't have FNBO but I've never received a check that you couldn't write to yourself.

You can tranfer any balance(with fee amount included)up to your credit limit.

Re: FNBO BT Checks

gdale6 — Tue, 16 Jun 2015 00:23:03 GMT

@Anonymous wrote:
Hmm good to know. I dont have a need for them in a traditional sense to reduce any high interest debt.

After looking closer at the letter it says right on there "write to any merchant that accepts checks"

One last question whats the usual amount you can write for these? Is it your CL?

You need to look online and see what your limit is to BT its not the full amount of the CL, typically 5-10% less.

Re: FNBO BT Checks

JSS3 — Tue, 16 Jun 2015 00:54:37 GMT

When you get a BT offer, they list your total available credit(which is usually your credit limit UNLESS some is deducted because of a purchase)as the amount you can use.

So if you have a 6,000 limit with no current balance, and the BT fee is 1%, if you needed to, you could BT 5,900. When your BT is posted, you would have a balance of 5,959/6,000. Now, whether you'd want to max out the card is another story...

Re: FNBO BT Checks

Anonymous — Tue, 16 Jun 2015 13:13:19 GMT

UPDATE

After the helpful information recieved here I decided to persue a SP CLI. Went from 1k to 3k limit from a SP. Now I can use a BT check w/o hurting UTI as much.

Thanks fellas