topic Re: Balance Transfer Idea (NFCU, Cap1, Citi) in Credit Cards

Balance Transfer Idea (NFCU, Cap1, Citi)

mysterythemoon — Wed, 03 Jan 2018 21:10:47 GMT

So I see that Navy is offering their 0% BT for 2018. Awesome. I have $3,500 on a Cap1 QS and $1,300 on a Citi Double Cash that I'd love to park at Navy for 0%. Here's my question. My Navy statement cuts on 1/5. My Cap1 on 1/10 and Citi on 1/13. Is there a chance I could balance trafer AFTER my Navy cuts, and get the money to the other two cards before their statements post, thus showing zero balances for all three? The reason I ask is that I'd like to go for my Amex 3X CLI this month and the only thing I know that might hold me back is my util.

Re: Balance Transfer Idea (NFCU, Cap1, Citi)

jlitnns — Wed, 03 Jan 2018 22:56:30 GMT

@mysterythemoon wrote:
So I see that Navy is offering their 0% BT for 2018. Awesome. I have $3,500 on a Cap1 QS and $1,300 on a Citi Double Cash that I'd love to park at Navy for 0%. Here's my question. My Navy statement cuts on 1/5. My Cap1 on 1/10 and Citi on 1/13. Is there a chance I could balance trafer AFTER my Navy cuts, and get the money to the other two cards before their statements post, thus showing zero balances for all three? The reason I ask is that I'd like to go for my Amex 3X CLI this month and the only thing I know that might hold me back is my util.

In my experience BT will take 7-14 days depending on the card. That has been my experience with Chase and Discover. You MAY have a shot at requesting the BT from Citi to NFCU if you do it first thing on the 6th. I don't know if that being a Saturday will delay anything or not.

And for the AMEX I'm not sure that the 3x CLI will matter, I had pretty high util (30%) mainly from a BT I did when I requested my 3x CLI and it was automatic like it didn't even look at anything other than my tenure.

Just my rookie thoughts and good luck!

Re: Balance Transfer Idea (NFCU, Cap1, Citi)

Legions36 — Wed, 03 Jan 2018 23:04:24 GMT

@mysterythemoon wrote:
So I see that Navy is offering their 0% BT for 2018. Awesome. I have $3,500 on a Cap1 QS and $1,300 on a Citi Double Cash that I'd love to park at Navy for 0%. Here's my question. My Navy statement cuts on 1/5. My Cap1 on 1/10 and Citi on 1/13. Is there a chance I could balance trafer AFTER my Navy cuts, and get the money to the other two cards before their statements post, thus showing zero balances for all three? The reason I ask is that I'd like to go for my Amex 3X CLI this month and the only thing I know that might hold me back is my util.

U might have time because all those cards are electronic balance transfers and not the checks. I can say for sure because it could take 2 days or 5 days to hit but you have a good chance it gets there in time.