topic Re: Interest-free BT on existing Navy card in Credit Cards

0% BT and Purchase promo on existing Navy cards

Curious_George2 — Sun, 16 Jan 2022 06:41:57 GMT

Last year, about this time, there was much discussion here of whether NFCU would offer interest-free balance transfers on existing cards, as they had often done in previous years. Those are, of course, extra sweet deals because Navy never charges a BT fee.

I think, in the end, they targeted some Flagship holders with 0% or 1.99% offers, but most of us got no special BT offers.

I received the following offer today, via email:

The email's subject line was "[NAME], Sleigh the Season With a Low APR"

This card started out as a Platinum in 2020. PC'ed to cashRewards in October 2021, then to Flagship this month.

It's a great offer! I hope everyone gets it this year.

Re: Interest-free BT on existing Navy card

pizzadude — Thu, 09 Dec 2021 21:12:11 GMT

Nice ! Thanks for sharing this, hopefully this will be offered widely soon

I know in past years NFCU has offered a low BT rate, maybe 1 or 2%, in Jan / Feb timeframe, but this is a great offer for sure.

Re: Interest-free BT on existing Navy card

Anonymous — Thu, 09 Dec 2021 22:44:51 GMT

I got the email too. Same offer!

Re: Interest-free BT on existing Navy card

K-in-Boston — Thu, 09 Dec 2021 22:07:55 GMT

Thank you for sharing! This definitely appears to be targeted. I got the 1.99% with no fee for 15 months on Flagship earlier this year, and while I did get the email today my offer isn't quite as generous. It's still a good offer, but with Amex offering me 24 months at 0% for 24 months of Plan It on all of my personal cards through the end of the year it's not one I'll be taking advantage of. Hopefully the BT offers will keep coming.

Navy Federal Credit Union wrote:

Sleigh the season by spending more of what really matters this holiday: time, not interest.

Remember—you can still enjoy a 1.99% APR for 6 months for single purchases of at least $250 made until Dec. 31, 2021. After that, your variable Standard APR will apply.

There’s no need to register. Your special low rate is automatically applied to your Navy Federal Credit Card ending in [redacted]. Take advantage now, though; you only have a limited time to shop with this rate!

Re: Interest-free BT on existing Navy card

Curious_George2 — Fri, 10 Dec 2021 07:47:25 GMT

When I click on the "Learn More" button in the offer email, the page that opens has a URL containing "dormant-accounts-pur-bt." So apparently this offer is targeted at cards that are sock drawered. In my case, that checks out. You too, @Anonymous?

Re: Interest-free BT on existing Navy card

tcbofade — Fri, 10 Dec 2021 08:58:10 GMT

Sigh.

No email for me.

Re: Interest-free BT on existing Navy card

Anonymous — Fri, 10 Dec 2021 10:12:21 GMT

@Curious_George2 wrote:
When I click on the "Learn More" button in the offer email, the page that opens has a URL containing "dormant-accounts-pur-bt." So apparently this offer is targeted at cards that are sock drawered. In my case, that checks out. You too, @Anonymous?

@Curious_George2 Yes my url says the same. Card last use was June 2021. If it allowed bt to checking I could use the bt. I have no use for a bt right now. The 0% apr purchase will be nice though.

Re: Interest-free BT on existing Navy card

Remedios — Fri, 10 Dec 2021 13:36:33 GMT

@tcbofade wrote:
Sigh.

No email for me.

😐

Re: Interest-free BT on existing Navy card

K-in-Boston — Fri, 10 Dec 2021 21:19:15 GMT

Quick update: player 2 got the identical message as @Curious_George2 in the original post on NFCU Platinum. That one has had no use all year. My Flagship still has a balance from the 1.99% for 15 months offer on it from the beginning of the year, so that may explain why I wasn't targeted. Thanks for the heads up on the email! A completely free loan for a year is always appreciated.

Re: Interest-free BT on existing Navy card

Curious_George2 — Sat, 11 Dec 2021 06:40:06 GMT

Cue the sad trombones. I tried to use this offer but failed. Turns out it's available to holders of only three types of cards: Platinum, Go Rewards and cashRewards. I no longer have any of those, so I'm not eligible.

If you have one of those cards in your sock drawer, you might want to call in and ask if you have this offer available.

Re: Interest-free BT on existing Navy card

805orbust — Sat, 11 Dec 2021 13:53:44 GMT

Bummer! Always another shoe dropping in 2020/2021 😆

Re: Interest-free BT on existing Navy card

SPChaser — Sat, 11 Dec 2021 14:04:34 GMT

@K-in-Boston Did you receive the Amex offer notification via email or was it listed in offers?

Re: Interest-free BT on existing Navy card

K-in-Boston — Sat, 11 Dec 2021 16:52:35 GMT

@SPChaser wrote:
@K-in-Boston Did you receive the Amex offer notification via email or was it listed in offers?

@SPChaser it's a banner at the top of the screen when looking at each of my personal cards (revolvers and charge). No Fee Plan It for all purchases of $100 or more when I create a plan by the end of this month. I've done a few and they were all eligible for 24 months - that's a long time for a lot of free float.

Re: Interest-free BT on existing Navy card

Anonymous — Sat, 11 Dec 2021 20:27:52 GMT

I received the 0% offer on me GoRewards, since i don't need a BT I'll just take advantage of zero interest on purchases for a year! Although its structure is food and gas so..

Re: Interest-free BT on existing Navy card

SPChaser — Sun, 12 Dec 2021 00:37:18 GMT

@K-in-Boston wrote:
@SPChaser wrote:
@K-in-Boston Did you receive the Amex offer notification via email or was it listed in offers?
@SPChaser it's a banner at the top of the screen when looking at each of my personal cards (revolvers and charge). No Fee Plan It for all purchases of $100 or more when I create a plan by the end of this month. I've done a few and they were all eligible for 24 months - that's a long time for a lot of free float.

@K-in-Boston thanks. Must be targeted promo becuase it's not there for me. Even did a chat to ask about it, and the offers not available for me.

Re: Interest-free BT offer on existing Navy cards

Curious_George2 — Sun, 16 Jan 2022 06:38:11 GMT

Plot twist!

This week I got another email from Navy, very similar to the first. Subject line this time was "[Name], ring in the New Year with a low APR." Here's the key part:

So the BT part is gone, which makes sense because it expired 12/24 according to the Sleigh the Season email from a month ago. But in every other way, this offer is identical to the first -- 0% APR on purchases through 10/31/2022, same three cards shown in the image, and a "Learn More" button that leads to a URL containing "dormant-accounts-pur-bt." Last month, I learned my card wasn't actually eligible for this offer because I had PC'ed it from cashRewards to Flagship, and the December offer was only for Go Rewards, cashRewards and Platinum (consistent with the photo in the email). The logical conclusion is this is a second phase of advertising for the same offer as before, so I am still ineligible for it.

But I didn't see any harm in calling the friendly folks at Navy to ask if this offer is actually on my account. The CSR seemed inexperienced. At first he didn't understand what I was asking. But he earnestly wanted to be helpful, so he put me on hold to look into it. The information I was seeking seems like it should have been quick and easy for a CSR or his supervisor to find, but I was on hold for a really long time. The call lasted 24 minutes. At the end of that long hold, the CSR came back on and told me that the promo rate is on my card.

I wasn't convinced, so I decided to let a small balance report and see what my statement said about the matter. Statement appeared today, and sure enough, I do have a 0% promo APR... until December 14, 2022!

So what happened? My best guess is that the emailed offer wasn't actually available for my card, but somehow the CSR's behind-the-scenes actions resulted in someone putting a special discretionary promo rate on my account. I've heard stories of people calling Discover and asking for -- and getting! -- promo 0% APRs on purchases on existing cards. I don't recall ever hearing that such a thing was even possible with Navy, but it sure looks like it happened to me.

Re: Interest-free BT offer on existing Navy cards

OmarGB9 — Sun, 16 Jan 2022 07:14:21 GMT

@Curious_George2 wrote:
Plot twist!

This week I got another email from Navy, very similar to the first. Subject line this time was "[Name], ring in the New Year with a low APR." Here's the key part:

So the BT part is gone, which makes sense because it expired 12/24 according to the Sleigh the Season email from a month ago. But in every other way, this offer is identical to the first -- 0% APR on purchases through 10/31/2022, same three cards shown in the image, and a "Learn More" button that leads to a URL containing "dormant-accounts-pur-bt." Last month, I learned my card wasn't actually eligible for this offer because I had PC'ed it from cashRewards to Flagship, and the December offer was only for Go Rewards, cashRewards and Platinum (consistent with the photo in the email). The logical conclusion is this is a second phase of advertising for the same offer as before, so I am still ineligible for it.

But I didn't see any harm in calling the friendly folks at Navy to ask if this offer is actually on my account. The CSR seemed inexperienced. At first he didn't understand what I was asking. But he earnestly wanted to be helpful, so he put me on hold to look into it. The information I was seeking seems like it should have been quick and easy for a CSR or his supervisor to find, but I was on hold for a really long time. The call lasted 24 minutes. At the end of that long hold, the CSR came back on and told me that the promo rate is on my card.

I wasn't convinced, so I decided to let a small balance report and see what my statement said about the matter. Statement appeared today, and sure enough, I do have a 0% promo APR... until December 14, 2022!

So what happened? My best guess is that the emailed offer wasn't actually available for my card, but somehow the CSR's behind-the-scenes actions resulted in someone putting a special discretionary promo rate on my account. I've heard stories of people calling Discover and asking for -- and getting! -- promo 0% APRs on purchases on existing cards. I don't recall ever hearing that such a thing was even possible with Navy, but it sure looks like it happened to me.

Congrats! Maybe I should call in and ask too.