topic Re: BT offers appear to be rolling in again in Credit Cards

BT offers appear to be rolling in again

CreditCuriosity — Fri, 11 Sep 2020 13:32:21 GMT

Weird just in the last few weeks have got 4 BT offers from various lenders coming in through snail mail. PenFed with Checks, Synovus in mail today not sure if checks or not just got alerted and clearly a BT offer from envelope along with a few other various lenders. Are you all noticing lenders are starting to solicit again? Other lenders such as discover has offers online, etc as well. Maybe lenders are starting to slightly relax again? I have always had at least one or two now probably have 6-7 options for BT if needed, but have tons of lenders and alot of CU's

Overall my snail mail is WAY down overall whether regarding CC's or just regular junk mail. Suspect that will start to come back as well as the year progresses and into next year.

Re: BT offers appear to be rolling in again

K-in-Boston — Fri, 11 Sep 2020 13:54:03 GMT

My offers never really dried up (and my Discover offers never changed from 0% with 3% fee and 4.99% with no fee, while many reported increased APRs or fees) but I do seem to be the outlier. The one thing that did noticeably stop was BT checks for Sapphire Reserve. That also coincided with decreased spending on the card, so maybe Chase is concerned I wouldn't keep spending on it without a grace period?

Re: BT offers appear to be rolling in again

CreditCuriosity — Fri, 11 Sep 2020 13:59:15 GMT

Strange thing is have been with chase and some big limits with them 35k CSR 20k Marriott, etc... Never have had BT Offers with them although suspect that is the being heavily into credit seeking . I spend recently around 500ish or so on CSR a month pre-pandemic around 2-4k a month nothing huge, but decent.

It will be interesting actually did do a BT this last month into checking account for some home renevations. Painting and new furniture etc.. Will pay off within a few months as have the cash, but float it for fairly cheaply for the amount I took. Be interesting to see if other lender new lenders pop up as they actually see i have a balance for once other than a trival 1500ish reporting each month? Possibly thinking they will get a slice of the pie whehter BT fee or hoping I dont pay it off in the term period

Re: BT offers appear to be rolling in again

Anonymous — Fri, 11 Sep 2020 16:29:52 GMT

Banks must think the pandemic is over. I'll mark it as pandemic complete on my list lol.

Mine slowed up mostly except for Discover and BoA which are still frequent. Haven't seen one from PNC in a while, but it really doesn't matter, I don't take advantage of them. I look though, looking for a 0% with a $0 fee. If its not happening when money is so cheap and not in demand, I don't think we'll see those for a very long time, unless regulation gets chopped.

Re: BT offers appear to be rolling in again

K-in-Boston — Fri, 11 Sep 2020 16:39:05 GMT

@Anonymous wrote:
...I look though, looking for a 0% with a $0 fee. If its not happening when money is so cheap and not in demand, I don't think we'll see those for a very long time, unless regulation gets chopped.

Most of those offers are traditionally from credit unions and offered at the beginning of the year for existing cardholders (presumably for bloated balances after the winter holidays), so it's not unusual for those to be absent late in Q3. FWIW the BECU VISA is still offering 0% on both new purchases and BTs for 12 months for new cardholders and NFCU Platinum is 0% for BTs for 12 months for new cardholders. Neither charge BT fees.

Re: BT offers appear to be rolling in again

Anonymous — Fri, 11 Sep 2020 17:06:41 GMT

Wells Fargo and Citi are coming st me again. No interest but offers came last week

Re: BT offers appear to be rolling in again

FlaDude — Fri, 11 Sep 2020 17:32:57 GMT

Nothing here yet. My wife and I used to get them regularly from BOA, Citi, and Chase. Doesn't matter to me, I hope to be done with BTs once her BOA is paid in November when the 0% promo expires.

Re: BT offers appear to be rolling in again

CreditCuriosity — Fri, 11 Sep 2020 17:38:13 GMT

Hoping the comenity ones came back early next year nothing like 0%/0 fees for 18 months! Best in the business when available

Re: BT offers appear to be rolling in again

Anonymous — Fri, 11 Sep 2020 17:41:28 GMT

@K-in-Boston wrote:
@Anonymous wrote:
...I look though, looking for a 0% with a $0 fee. If its not happening when money is so cheap and not in demand, I don't think we'll see those for a very long time, unless regulation gets chopped.
Most of those offers are traditionally from credit unions and offered at the beginning of the year for existing cardholders (presumably for bloated balances after the winter holidays), so it's not unusual for those to be absent late in Q3. FWIW the BECU VISA is still offering 0% on both new purchases and BTs for 12 months for new cardholders and NFCU Platinum is 0% for BTs for 12 months for new cardholders. Neither charge BT fees.

I meant in general. Dodd-Frank killed those offers from 12 years ago. I thought maybe with historic low rates, we'd see some from regular banks, since the money is almost free. CUs have less to deal with and are more likely to offer those from time to time.

Re: BT offers appear to be rolling in again

gdale6 — Fri, 11 Sep 2020 20:49:22 GMT

Only offers I have gotten are from FNBO, 6;99% fixed for life, none from any other of my card issuers. If the usual suspects do not resume them soon I will be looking to terminate said cards and go to banks that do offer such....

Re: BT offers appear to be rolling in again

NoMoreE46 — Sun, 13 Sep 2020 03:24:39 GMT

I've gotten two sets of Super Checks from Wells Fargo in the last 3 to 4 weeks.

Re: BT offers appear to be rolling in again

CreditCuriosity — Sun, 13 Sep 2020 03:30:33 GMT

@gdale6 wrote:
Only offers I have gotten are from FNBO, 6;99% fixed for life, none from any other of my card issuers. If the usual suspects do not resume them soon I will be looking to terminate said cards and go to banks that do offer such....

ya funny fnbo has been hitting with that one although i guess it is ok for some at that rate obviously they arent really trying to be competitive or alot of people probably do byte on that offer as 6.99 is better than say 20.x or whatever. Just cant get it by a MF person lol

Re: BT offers appear to be rolling in again

UncleB — Sun, 13 Sep 2020 04:13:29 GMT

This is good to know... so far I only have a mediocre offer from Discover. My Wells Fargo, Citi, and BoA offers haven't returned yet. (Not including BoA offers at the regular APR... I don't count those, LOL).

My two BBRs have been solid the last couple of years; I've had a 0% balance on one or the other at all times. I'm really hoping those return.

If not it's not the end of the world (I have enough in savings to pay off balances as the 0% comes to an end on my existing balances) but I would rather keep my cash in savings and roll over any unpaid balance(s) to a new 0% offer.

Re: BT offers appear to be rolling in again

tcbofade — Sun, 13 Sep 2020 09:35:58 GMT

I've got zero percent BT offers from PenFed and Wells Fargo.

DW has zero percent BT offers from Chase.

All with fees tho.

Re: BT offers appear to be rolling in again

M_Smart007 — Sun, 13 Sep 2020 22:54:11 GMT

@tcbofade wrote:
I've got zero percent BT offers from PenFed and Wells Fargo.

DW has zero percent BT offers from Chase.

All with fees tho.

In January, (Is it February yet?) NFCU may offer 0% BT Fee's on the Platinum card.

Re: BT offers appear to be rolling in again

tcbofade — Sun, 13 Sep 2020 23:02:01 GMT

@M_Smart007 wrote:
@tcbofade wrote:
I've got zero percent BT offers from PenFed and Wells Fargo.

DW has zero percent BT offers from Chase.

All with fees tho.
In January, (Is it February yet?) NFCU may offer 0% BT Fee's on the Platinum card.

I certainly HOPE so...