topic Re: Is it even possible to BT part of a loan balance onto a CC with a 0% BT offer? in Credit Cards

Is it even possible to BT part of a loan balance onto a CC with a 0% BT offer?

CreditBones — Tue, 22 Dec 2020 15:58:12 GMT

I just received an email from WF with a BT offer, 0% interest, 15 months, 4% BT fee.

Would it even be possible to BT part of a loan balance onto a CC (or various CC) with 0% BT offer(s)?

Has any of you done this before, successfully?

Edit: forgot the other image from Disco's offer: 0%, 14 months, 3% BT fee

Update:

I decided to go with the Disco offer, 3% BT fee and 14 months @ 0%. It says payment processing. So I’ll try to update as soon as I see that the payment posted on the Disco, and the loan’s balance changed. Thank you for y'alls input!

Re: Is it even possible to BT part of a loan balance onto a CC with a 0% BT offer?

sxa001 — Tue, 22 Dec 2020 07:03:05 GMT

If you get BT checks you can use those checks to pay the loan. I did this with a LendingClub loan a number of years ago and it worked well. Of course in my case I was paying the loan in the full but unless someone knows of a reason why it wouldn't work I don't see an issue.

Re: Is it even possible to BT part of a loan balance onto a CC with a 0% BT offer?

Anonymous — Tue, 22 Dec 2020 07:32:14 GMT

You can BT any amount, just enter in the amount of the payment for Disco to send.

Re: Is it even possible to BT part of a loan balance onto a CC with a 0% BT offer?

Shooting-For-800 — Tue, 22 Dec 2020 12:54:35 GMT

Some offers allow you to write yourself a check.

This allows you to pay who you want, when you want, how much you want.

Re: Is it even possible to BT part of a loan balance onto a CC with a 0% BT offer?

CreditBones — Tue, 22 Dec 2020 15:59:11 GMT

Update:

Re: Is it even possible to BT part of a loan balance onto a CC with a 0% BT offer?

Wavester64 — Wed, 23 Dec 2020 16:27:22 GMT

@CreditBones wrote:
I just received an email from WF with a BT offer, 0% interest, 15 months, 4% BT fee.
Would it even be possible to BT part of a loan balance onto a CC (or various CC) with 0% BT offer(s)?

Has any of you done this before, successfully?

Edit: forgot the other image from Disco's offer: 0%, 14 months, 3% BT fee

Update:
I decided to go with the Disco offer, 3% BT fee and 14 months @ 0%. It says payment processing. So I’ll try to update as soon as I see that the payment posted on the Disco, and the loan’s balance changed. Thank you for y'alls input!

With BB&T, I BT part of my car loan to take advantage of the 0% offer seeing that the transfer fee was less than the APR of the loan and I had no issues at all doing so

Re: Is it even possible to BT part of a loan balance onto a CC with a 0% BT offer?

Dalmus — Wed, 23 Dec 2020 17:39:46 GMT

@sxa001 wrote:
If you get BT checks you can use those checks to pay the loan. I did this with a LendingClub loan a number of years ago and it worked well. Of course in my case I was paying the loan in the full but unless someone knows of a reason why it wouldn't work I don't see an issue.

I did this with a Prosper loan a year or two ago, as well.

The best BT offers are the low/no fee ones that let you transfer to your checking account, then you can do with it as you will. Primarily Discover and CapitalOne.