topic Re: BT Credit Cards? in Credit Cards

BT Credit Cards?

Anonymous — Fri, 14 Jun 2019 23:19:16 GMT

So I'm gathering DP's for my research and was wondering which CC's offer balance transfer checks either as promo mailers or included w/ welcome package?

Re: BT Credit Cards?

CreditInspired — Sat, 15 Jun 2019 00:35:09 GMT

@Anonymous wrote:
So I'm gathering DP's for my research and was wondering which CC's offer balance transfer checks either as promo mailers or included w/ welcome package?

Discover (online portal)

Citi (promo mailer)

NFCU (convenience checks)

Re: BT Credit Cards?

Anonymous — Sat, 15 Jun 2019 01:07:05 GMT

@Anonymous wrote:
So I'm gathering DP's for my research and was wondering which CC's offer balance transfer checks either as promo mailers or included w/ welcome package?

Just got one in the mail for sapphire reserve this week.

Re: BT Credit Cards?

forestgreenrover — Sat, 15 Jun 2019 02:13:37 GMT

Add BBVA and Huntington. One might even say BBVA are a bit pushy about it. I believe Wells Fargo have them also but I never looked into theirs.

Re: BT Credit Cards?

Anonymous — Sat, 15 Jun 2019 10:54:57 GMT

Yes wells sent me one w/ my cashwise welcome pack. I saved it for an emergency, but now it's expired. Have yet to receive any offers since. Maybe bc I don't have a BT specific card?

Re: BT Credit Cards?

zerofire — Sun, 16 Jun 2019 12:03:04 GMT

A real BT card will not be giving you checks to use. They will send you to their online portal to put in the info so that they can pay off your other balances on your behalf. Also they will give you a phone number to call directly to a BT department. The reason for this is that a real BT card will have a 0% BT fee offer for the first 60 days and the only way they can make that work is if they do not have to give you paper to play with and deposit into your bank account.

Almost all banks will offer you BT checks with an offer if you just let the account sit or even if you use it minimally. These are not BT cards but cards that you can do a BT to. Almost every card today can do BT's to some extent with the primary deference being the terms that you get. Remember a true BT card is an account that you can balance transfer to at no charge in the first 60 days and hold for 18mo.

Re: BT Credit Cards?

AverageJoesCredit — Sun, 16 Jun 2019 15:41:45 GMT

What Xerofire says is true but for having a card that offers you repeated opportunity for doing balance transfers i find 1) Discover is a great choice to have as they usually offer them . You can also use it to get funds for yourself, not just pay another lender. In this its a great flexible card. I am now only starting to get checks sent to me in mail but before only online.

The Citi Diamond Preferred is also another flexible card beyond the original promo. I have constant offers, it can be directly deposited into my checking, which to me is the most important factor of a bt card, and if you ever tire of the card, can be pc'd. Sears MC also offers repeated bt options albeit at higher rate, 5% , which now seems to become the norm. Besides an original bt card that offers 0% transfer fees, these cards are solid to have. ( also have the Boa BBR which always offers same )

Re: BT Credit Cards?

CreditInspired — Sun, 16 Jun 2019 15:32:46 GMT

@AverageJoesCredit wrote:
What Xerofire says is true but for having a card that offers you repeated opportunity for doing balance transfers i find 1) Discover is a great choice to have as they usually offer them . You can also use it to get funds for yourself, not just pay another lender. In this its a great flexible card. I am now only starting to get checks sent to me in mail but before only online.

The Citi Dismond Preferred is also another flexible card beyond the original promo. I hsve constant offers, it can be directly deposited 8nto my checking, which to me is the most important factor of a bt card, and if you ever tire of the card, can be pc'd. Sears MC also offers repeated bt options albeit at higher rate,5% , which now seems to become the norm. Besides an original bt card that offers 0% transfer fees, these cards are solid to have. ( also have the Boa BBR which always offers same )

+10

And the plus for me is definitely having the ability to decide for myself what I want to do with the money—whether it’s to pay a bill or pay a vendor who doesnt accept CCs.

Re: BT Credit Cards?

Anonymous — Sun, 16 Jun 2019 16:26:55 GMT

Exactly what I had in mind: freedom to use it however; arbitrage/BT/ damage control to credit reports vs a new inquiry for financing. I do a fair amount of large purchases @ vendors that don't accept CC's.