topic Re: Why Won't Discover or Capital One Offer Me Balance Transfers? in Credit Cards

Why Won't Discover or Capital One Offer Me Balance Transfers?

Repairman — Tue, 05 Jan 2021 14:48:44 GMT

Is there anything I can do to make it more likely to get a 0% APR Balance Transfer Offer? I've had my Discover card for years and a few years back they offered me a BT and I transferred $6000 over and paid it off completely before the promotional period ended, about a year and a half ago. Since then, I've put $300 or less on the card per month and PIF when charges post. But I've never been offered a BT again. I have 3 Capital One Cards and while I was offered BTs upon opening them several years back, the offers have never returned. For all of these cards I have had high cl, carried balances close to the limits and paid them down to zero multiple times over. I'm not sure what they're looking at when evaluating BT offers....I hear about others getting them all the time. Any ideas?

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

M_Smart007 — Tue, 05 Jan 2021 18:22:24 GMT

I have not seen a Discover BT offer on either of my cards in ages.

No Cap1 cards so I cannot comment on that.

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

Shooting-For-800 — Wed, 06 Jan 2021 13:12:41 GMT

My DW gets Discover offers with a balance but I don’t without a balance.

My limits are higher.

I have 2 cards, she has 1.

But her scores are around 810 while mine are around 730.

All my Cap One offers have also dried up...

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

AverageJoesCredit — Wed, 06 Jan 2021 14:47:06 GMT

I doubt there is anything anyone can do to induce bt offers. Mine dried up well over a year now so im guessing more based iff my geographic location, work area, and fact that ive used their bt before and paid back within a month. Would be nice to get them even at higher fee but alas Miss Disco is a choosy lover

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

Anonymous — Wed, 06 Jan 2021 16:40:35 GMT

@Repairman I agree with Averagejoe. Not much you can do. Early in the pandemic some folks noted that their balance transfer offers stopped coming in, while others continued receiving them.

Some credit unions like DCU and NFCU send out annual balance transfer offers to members outside of new account promotional offers.

If you don't mind opening a new account, you can look into finding a low interest balance transfer option.

Also, try reaching out to Discover to see if they have any offers available. Sometimes they have temporary apr reduction offers.

Good luck!

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

Anonymous — Wed, 06 Jan 2021 20:05:45 GMT

I have noticed that too the BT stopped once the pandemic kicked in.

I am sure they will pick back up when the pandemic kicks out.

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

Anonymous — Wed, 06 Jan 2021 20:13:44 GMT

I get them on both my Disco cards all the time (with 4% fee 😑) but Capital One are some haters. Haven't seen one on my QS since 2017 and my SavorOne only had the initial one available for the first year and nothing since.

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

AverageJoesCredit — Wed, 06 Jan 2021 20:20:05 GMT

@Anonymous wrote:
I get them on both my Disco cards all the time (with 4% fee 😑) but Capital One are some haters. Haven't seen one on my QS since 2017 and my SavorOne only had the initial one available for the first year and nothing since.

Sorta like Citi teasing me with one on my Dc years ago or my DP, now nada, not even flex loans. You'd think with debt id be a candidate but alas im just cannon fodder

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

FieryDance — Thu, 07 Jan 2021 09:09:23 GMT

Funny you mentioned it because I literally just received a BT offer email from Capital One. I am not a BT expert but it looks to me like a pretty decent offer. Here is a screenshot of the terms.

I don't know what triggered it except I have sock drawered the card for about a year. Maybe Capital One is hoping to make some money off me?

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

Anonymous — Thu, 07 Jan 2021 18:17:15 GMT

Yeah there's nothing really you can do to increase the odds of a BT offer, they're either availble or not. While I've consistently had offers from Disco they haven't been the best terms in regards to the fee or the rate for more time. I assume due to the pandemic, so I haven't taken any their offers. I used to utilize 0% BT's on Discover every year for about 8-10 months and hardly ever use them as an actual CC for purchases. Yet they still offerd them. In the months I don't have abalance I barely put $100 on it in charges. I definitely don't use it as much once I got the rewards cards with higher returns.

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

BetterMoves — Thu, 07 Jan 2021 20:34:55 GMT

I don't know about Capital One, but just call Discover if you haven't done so already. My account has had a standing BT offer for months, but I called asking to lower my interest rate, and they gave me 0% on purchases for 12 months, which a lot of people seem to get. Maybe if you speak to one of their "credit specialists", they can help you out with a BT offer.

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

Repairman — Thu, 07 Jan 2021 20:56:35 GMT

@BetterMoves wrote:
I don't know about Capital One, but just call Discover if you haven't done so already. My account has had a standing BT offer for months, but I called asking to lower my interest rate, and they gave me 0% on purchases for 12 months, which a lot of people seem to get. Maybe if you speak to one of their "credit specialists", they can help you out with a BT offer.

I had the exact same scenario as you in the past. I had a bt offer (but I used it), and also called at another time to lower APR and they instead gave me 0% APR for 12 months. I definitely will try to call again, though, in the fututre to follow your suggestion.

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

Repairman — Thu, 07 Jan 2021 21:02:36 GMT

@Anonymous wrote:
@Repairman I agree with Averagejoe. Not much you can do. Early in the pandemic some folks noted that their balance transfer offers stopped coming in, while others continued receiving them.

Some credit unions like DCU and NFCU send out annual balance transfer offers to members outside of new account promotional offers.

If you don't mind opening a new account, you can look into finding a low interest balance transfer option.

Also, try reaching out to Discover to see if they have any offers available. Sometimes they have temporary apr reduction offers.

Good luck!

Thanks for the feedback. I definitely don't want to open a new account, though, since I just opened a new account with a BT offer, but it also has a very generous high spend SUB, so I don't want to use te offer on that card.

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

Repairman — Thu, 07 Jan 2021 21:04:01 GMT

@Anonymous wrote:
I get them on both my Disco cards all the time (with 4% fee 😑) but Capital One are some haters. Haven't seen one on my QS since 2017 and my SavorOne only had the initial one available for the first year and nothing since.

Same for me for Cap 1. 1st year around the same time, 2016 or 2017. smh

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

Repairman — Thu, 07 Jan 2021 21:08:11 GMT

@FieryDance wrote:
Funny you mentioned it because I literally just received a BT offer email from Capital One. I am not a BT expert but it looks to me like a pretty decent offer. Here is a screenshot of the terms.

I don't know what triggered it except I have sock drawered the card for about a year. Maybe Capital One is hoping to make some money off me?

Wow. Did you receive it directly through email? Mind if I ask a few specifics? During your sock drawing of it, have you put ANY charges on it? Like a small recurring charge? Or has it been completely unused? Also, what branding of the card is it and what is the cl like? Also, is your outstanding debt on other cards low, moderate or high?

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

dumaine — Thu, 07 Jan 2021 21:30:56 GMT

I am starting to get offers from Discover again...

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

Anonymous — Thu, 07 Jan 2021 22:29:29 GMT

@Repairman wrote:
@Anonymous wrote:
I get them on both my Disco cards all the time (with 4% fee 😑) but Capital One are some haters. Haven't seen one on my QS since 2017 and my SavorOne only had the initial one available for the first year and nothing since.
Same for me for Cap 1. 1st year around the same time, 2016 or 2017. smh

They used to blow up my mailbox with convenience checks but as soon as I started adding accounts elsewhere, they stopped. Oh well.

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

Repairman — Thu, 07 Jan 2021 22:55:14 GMT

@dumaine wrote:
I am starting to get offers from Discover again...

Is that on the website, or did they email you the offer?

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

Repairman — Thu, 07 Jan 2021 22:56:06 GMT

@Anonymous wrote:
@Repairman wrote:
@Anonymous wrote:
I get them on both my Disco cards all the time (with 4% fee 😑) but Capital One are some haters. Haven't seen one on my QS since 2017 and my SavorOne only had the initial one available for the first year and nothing since.
Same for me for Cap 1. 1st year around the same time, 2016 or 2017. smh
They used to blow up my mailbox with convenience checks but as soon as I started adding accounts elsewhere, they stopped. Oh well.

Interesting...maybe that could be a part of it.

Re: Why Won't Discover or Capital One Offer Me Balance Transfers?

dumaine — Thu, 07 Jan 2021 23:46:44 GMT

@Repairman wrote:
@dumaine wrote:
I am starting to get offers from Discover again...
Is that on the website, or did they email you the offer?

Actually that was from my account page on the web, this was from the email I received today...

I am also currently carrying a balance..........