topic Re: COVID: Are most FI sending out BT offers again? in Credit Cards

COVID: Are most FI sending out BT offers again?

Credit4Growth — Sun, 25 Apr 2021 05:41:19 GMT

Is anyone receiving BT offers from Discover?

I remember during the 2nd half of 2020 many FI stopped sending out BT offer while a handful of member from this community were seeking them.

I do not have a need for one at this time. I thought I'd share for those whom are interested.

Check your account and you just may find a surprise!

Who has received a BT offer with the past few months and from which institutions?

Re: COVID: Are most FI sending out BT offers again?

notmyrealname23 — Sun, 25 Apr 2021 06:07:51 GMT

Thank you for your interest in a Discover Balance Transfer.

Unfortunately, there are no offers available on your account at this time.

Re: COVID: Are most FI sending out BT offers again?

Credit4Growth — Sun, 25 Apr 2021 06:19:31 GMT

@notmyrealname23 wrote:
Thank you for your interest in a Discover Balance Transfer.
Unfortunately, there are no offers available on your account at this time.

😆 lol

I think many of us get that response at least 8/10 times.

When I called Discover to ask more details about this surprise offer the CSR mentioned they could not see any offers on my account and that I most likely would not receive any offer of any kind due to the CC being frozen. Which was odd to me so o I read the offer verbatim and suddenly she able to see it, before I gave authorization to unlock the account so she could review all the details of the offer with me.

I thought that could be a good tid-bit so personally I will unfreeze my cards, not Credit Reporta, before checking my accounts for promotional offers 😉

Re: Are most FI sending out BT offers again?

FinStar — Sun, 25 Apr 2021 06:40:44 GMT

@Credit4Growth wrote:

Who has received a BT offer with the past few months and from which institutions?

Besides Discover, I have received several (online and/or snail mail) from FNBO, Chase, Comenity, BoA, US Bank, Wells Fargo, Barclays, HSBC, Citi, PenFed + a few local CUs.

Re: Are most FI sending out BT offers again?

Credit4Growth — Sun, 25 Apr 2021 06:49:44 GMT

Wow... okay then.

That is quite a few offers! 👍

IMO i guess situations are moving back to pre-COIVD, at least for a short period of time.

Re: Are most FI sending out BT offers again?

NichelleN — Sun, 25 Apr 2021 06:56:32 GMT

I don't have any offers from Discover. But I do for BankofAmerica and PenFed. Not sure about any others...

Re: Are most FI sending out BT offers again?

tcbofade — Sun, 25 Apr 2021 09:35:16 GMT

As of last week, I've got offers from PenFed, Chase, and Commerce.

I'll check again later today tho.

Re: Are most FI sending out BT offers again?

Gmood1 — Sun, 25 Apr 2021 12:32:28 GMT

Like Fin, my offers have been from places like DCU, Penfed, BBVA, Chase, SECU MD, FNBO, Commerce, Discover and Nasa FCU.

Others that normally have them, but have dried up for me are Bofa, Citi, US bank and one of my Discover CCs. Citi offers that Flex loan but not actual BTs to me presently.

There's a easy work around for the Flex loans or similar type loans using CC limits. Adding one extra step can turn them into BTs as well.

Re: COVID: Are most FI sending out BT offers again?

Ficoproblems247 — Sun, 25 Apr 2021 13:01:30 GMT

My Disco BT offers only disappeared for a short time and came right back again and are still there. The problem is that they are the runt of all of my cards and will just not budge on a CLI. Ironic that the only lender that doesn't trust me with any type of substantial increase is the one offering me BTs!

Re: COVID: Are most FI sending out BT offers again?

AverageJoesCredit — Sun, 25 Apr 2021 13:22:50 GMT

Ive been permanently banned from offers for awhile. My guess is those with very strong profiles are the ones with continous offers and others just hit and miss. The only lender who has actually sent me checks is Sears. PSECU has emailed me offers where i can call in for checks or they pay the lender directly. Boa and Disco told me to go Chase FU

Re: COVID: Are most FI sending out BT offers again?

Credit4Growth — Sun, 25 Apr 2021 13:30:43 GMT

@AverageJoesCredit wrote:
Ive been permanently banned from offers for awhile. My guess is those with very strong profiles are the ones with continous offers and others just hit and miss. The only lender who has actually sent me checks is Sears. PSECU has emailed me offers where i can call in for checks or they pay the lender directly. Boa and Disco told me to go Chase FU

🤭🤫

Re: COVID: Are most FI sending out BT offers again?

Credit4Growth — Sun, 25 Apr 2021 13:33:56 GMT

@notmyrealname23

Thanks for that... inlaughed my butt off with that standard reply from Discover.

@AverageJoesCredit, @Ficoproblems247, @Gmood1, @tcbofade,

Thank you for adding to the thread!

Re: COVID: Are most FI sending out BT offers again?

Credit4Growth — Sun, 25 Apr 2021 13:34:38 GMT

Thank you @FinStar !

Re: COVID: Are most FI sending out BT offers again?

tcbofade — Sun, 25 Apr 2021 13:43:25 GMT

Ur wekkum.

While updating my Excel sheet this morning, I did check for more offers, but didn't find any.

I'm waiting for Citi to offer BTs to DW again... I don't know when that will happen, but I expect it before too much longer.

We shall see.

Currently, we're already carrying zero percent deals on three of the four cards offering us BTs at the moment. The last offer is good through May, and we'll see if it gets extended... if not, we'll take advantage of it late in May.

Re: COVID: Are most FI sending out BT offers again?

AverageJoesCredit — Sun, 25 Apr 2021 14:00:22 GMT

@tcbofade wrote:
Ur wekkum.

While updating my Excel sheet this morning, I did check for more offers, but didn't find any.

I'm waiting for Citi to offer BTs to DW again... I don't know when that will happen, but I expect it before too much longer.

We shall see.

Currently, we're already carrying zero percent deals on three of the four cards offering us BTs at the moment. The last offer is good through May, and we'll see if it gets extended... if not, we'll take advantage of it late in May.

I just dont see the point of bts.....

Lol, @tcbofade , thought you might like a laugh today 😉 😜

Re: COVID: Are most FI sending out BT offers again?

lhcole77 — Sun, 25 Apr 2021 14:09:21 GMT

@Credit4Growth My recent offers are similiar to @FinStar .

Wells Fargo, NASA, SDFCU, Pen Fed, Citi, Discover. My offers range from 12-18 months. And SDFCU gave me 0% APR with 0% fee for 12 months

Grateful for these offers because they are allowing me to pay down my debt faster with very reasonable effective interest rates.

Re: COVID: Are most FI sending out BT offers again?

Credit4Growth — Sun, 25 Apr 2021 14:12:55 GMT

Thank you @lhcole77 !

... and WaybTo Go SDFCU!
0% APR and 0% fee would be a dream to most, or at least myself.
I could find plenty to utilize such an offer.

How long have you been a member with that CU?

Re: COVID: Are most FI sending out BT offers again?

tcbofade — Sun, 25 Apr 2021 14:20:27 GMT

@lhcole77 wrote:
@Credit4Growth My recent offers are similiar to @FinStar .

Wells Fargo, NASA, SDFCU, Pen Fed, Citi, Discover. My offers range from 12-18 months. And SDFCU gave me 0% APR with 0% fee for 12 months

Grateful for these offers because they are allowing me to pay down my debt faster with very reasonable effective interest rates.

Yeah, that!

I'm hoping that Navy's zero percent balance transfer offers return next year...

We'll all find out together.

Re: COVID: Are most FI sending out BT offers again?

lhcole77 — Sun, 25 Apr 2021 14:27:40 GMT

@Credit4Growth Yeahh bayyyybayyyyyyy! I've been with SDFCU for 7 years. They send me BT checks at least once a year, sometimes twice. The fee is always 0%, and the APR has ranged from 0-2.99%. Last year they even gave me a SP CLI and checks at the same time. It felt like it was Christmas in July Very happy with SDFCU!!!

@tcbofade Come on, Naaaaaaaaaaaaaaaaaaaaaaaaavy! Come thruuuuuuuuuuuuuuuuuuuuuuuu!

Re: COVID: Are most FI sending out BT offers again?

tcbofade — Sun, 25 Apr 2021 15:30:45 GMT

OK, so now FNBO site is working again... and I have a new balance transfer offer from them!

As I'm already at 46% utilization on my FNBO card, I'll let the offer pass, but it's nice to be invited!