topic Re: Are you getting 0% Interest BT mailers? in Credit Cards

Are you getting 0% Interest BT mailers?

NoMoreE46 — Wed, 02 Sep 2020 23:34:30 GMT

I got some BT checks from WF about 3 weeks ago. It was for 15 months.

Today, I got two checks from PenFed. They are 0% for 12 months and 0.99% for 18 months.

Re: Are you getting 0% Interest BT mailers?

Jnbmom — Thu, 03 Sep 2020 00:02:17 GMT

Yes it's time for the penfed mailers to be sent 😊

Re: Are you getting 0% Interest BT mailers?

Ardecko — Thu, 03 Sep 2020 00:02:50 GMT

I got the two checks from PenFed yesterday. I tore it up after I saw the interest clause.

Re: Are you getting 0% Interest BT mailers?

Jnbmom — Thu, 03 Sep 2020 00:04:43 GMT

@Ardecko

Interest clause?

Re: Are you getting 0% Interest BT mailers?

AverageJoesCredit — Thu, 03 Sep 2020 00:46:31 GMT

@Jnbmom wrote:
@Ardecko

Interest clause?

That's Santa's nick name at the North Pole PenFed Station🎅

Re: Are you getting 0% Interest BT mailers?

Jnbmom — Thu, 03 Sep 2020 00:54:26 GMT

@AverageJoesCredit wrote:
@Jnbmom wrote:
@Ardecko

Interest clause?
That's Santa's nick name at the North Pole PenFed Station🎅

@AverageJoesCredit 😂😂🤣

Re: Are you getting 0% Interest BT mailers?

Anonymous — Thu, 03 Sep 2020 01:18:24 GMT

I get reminders from Disco to use my offer but nobody else has sent me any.

Re: Are you getting 0% Interest BT mailers?

AverageJoesCredit — Thu, 03 Sep 2020 02:15:36 GMT

@Anonymous wrote:
I get reminders from Disco to use my offer but nobody else has sent me any.

You get REINDEERS?🦌😆

Re: Are you getting 0% Interest BT mailers?

Ardecko — Thu, 03 Sep 2020 04:35:07 GMT

Oh good grief... It's way too early to start holiday stuff. I mean, it's still March, isn't it?

Anyway... By interest clause, I meant the notice on the offer that if I accepted and used the checks, I would lose my grace period on any other new charges placed on the card.

Re: Are you getting 0% Interest BT mailers?

frugal47374 — Thu, 03 Sep 2020 05:09:14 GMT

No 0% offers, but I don't have PenFed.

If someone gives me a 0% offer and says I will lose by grace period, I'm OK with stopping making purchases with their card. It seems like a perverse disincentive, but their choice.

Re: Are you getting 0% Interest BT mailers?

NoMoreE46 — Thu, 03 Sep 2020 11:28:47 GMT

@frugal47374 wrote:
No 0% offers, but I don't have PenFed.

If someone gives me a 0% offer and says I will lose by grace period, I'm OK with stopping making purchases with their card. It seems like a perverse disincentive, but their choice.

Before I ever initiate a BT offer, I ensure that my balance is zero. Then, I basically SD that card until I pay off the offer. This tactic makes things a lot easier. In fact, I pay the transfer fee plus $1 more than the transfer fee ASAP so that my remaining balance will be at 0% for the term.

Re: Are you getting 0% Interest BT mailers?

joltdude — Thu, 03 Sep 2020 12:33:22 GMT

Usually if I have a Bt, it's the only transaction on the card....

there are exceptions....

There are ways to get a zero on new purchases while having a bt offer on the same card...

(Miss Disco) ..meaning the card is still usable, but do pay these off in full out of habit (meaning paying off new purchases added to the card)

Supposedly with a cap one card there's a way to use the card and not get socked on new purchases even with an ongoing bt... but do not have experience with this... just recall someone mentioning this in the past..other than that, a bt=sock drawer

-j

Re: Are you getting 0% Interest BT mailers?

Anonymous — Thu, 03 Sep 2020 12:37:27 GMT

Balance Transfers offered: Discover at 0% and FNBO at 6.99%

Chase removed the BT option from my accounts May 2020, Citi withdrew BTs back in 2014 and Barclay's Ring removed BTs in April 2020 so I closed the account in May 2020.

Re: Are you getting 0% Interest BT mailers?

Mnk1 — Thu, 03 Sep 2020 13:43:57 GMT

I quite getting them from from Citi around March, but I just started getting offers in my Citi app for my DC card for 0% interest until July 2021. I think I got an offer in my WF app for my Propel too.

Re: Are you getting 0% Interest BT mailers?

IrishPM — Thu, 03 Sep 2020 13:55:01 GMT

The only BT offers I've received in the last 6 months are from FNBO. They're offering a 6.99% balance transfer "fixed for life" if used by October 31, 2020. All other offers have dried up completely. Bank of America used to send me an offer once a week, same for Barclaycard (Jetblue) and Citi (American Airlines Advantage and Shop Your Way MC). My guess is that CC issuers are waiting for the economy to rebound a little more before they get back to business as usual.

Re: Are you getting 0% Interest BT mailers?

gdale6 — Thu, 03 Sep 2020 14:23:55 GMT

Nope, only mailers I have seen in last 6 months are from FNBO offering 6.9% fixed rate for life of loan with no fees associated with the offer.

Re: Are you getting 0% Interest BT mailers?

sxa001 — Thu, 03 Sep 2020 14:32:24 GMT

CapitalOne and NASA FCU used to send me BT checks on a pretty regular basis, I took advantage of a single CapitalOne offer a few years ago for 0% for 12 months but I guess I haven't used enough of their offers to bother marketing to me.

Re: Are you getting 0% Interest BT mailers?

Jnbmom — Thu, 03 Sep 2020 16:13:48 GMT

@Ardecko wrote:
Oh good grief... It's way too early to start holiday stuff. I mean, it's still March, isn't it?

Anyway... By interest clause, I meant the notice on the offer that if I accepted and used the checks, I would lose my grace period on any other new charges placed on the card.

@Ardecko

Oh ok I get it. Yes I only utilize BT offers when my card is at zero and that account is strictly for BTs. I never use a card for purchases while utilizing a BT deal.

Re: Are you getting 0% Interest BT mailers?

FlaDude — Thu, 03 Sep 2020 16:42:17 GMT

Up until several months ago, I could have wallpapered a room or two a year with the BT checks that BOA, Citi, and Chase were sending me. Nothing at all the last few months. Luckily for me my BT days should be behind me now with all unsecured debt gone by Feb.

Re: Are you getting 0% Interest BT mailers?

Anonymous — Thu, 03 Sep 2020 16:43:20 GMT

^ Yeah, I know what you mean! lol

It's kind of nice only getting Disco mailers every quarter now, instead of on a weakly basis from several Lenders.

Maybe they're starting to slowly open up the gates again?