topic Re: How often does BofA offer you BT promos? in Credit Cards

How often does BofA offer you BT promos?

lhcole77 — Tue, 12 Aug 2014 22:13:18 GMT

I have a great BT offer from BofA for 0% until 02/2016. Offer expires next month.

Thinking of transferring Simplity balance over, but that 0% promo doesn't run out until 12/27/14. Is it worth the risk to wait and see if I get another offer?

Question 1: Should I give up the extra 3 mos on Simplicity card for this sure thing promo on BofA?

Question 2: Would it look weird to transfer the entire amount on my SDFCU card over to BofA? I just opened that card in June and used a BT offer when I did, but that promo is only 0% APR for 6 mos and then standard 6.99% after that. Transferring would save me $$$ but I've never transferred a transfer...lol

Re: How often does BofA offer you BT promos?

Kenny — Tue, 12 Aug 2014 22:16:20 GMT

I get them in the mail continuously -- however it's like 3 or 4% transaction fees.

Re: How often does BofA offer you BT promos?

CreditMagic7 — Tue, 12 Aug 2014 22:20:45 GMT

I'm at exactly 6 months now on their Cash Rewards 321 card and their recent BT checks offer (1 until August 2015!) just gave me a real good excuse to poke them for a CLI on my $1000 SL

Re: How often does BofA offer you BT promos?

Stanic413 — Tue, 12 Aug 2014 22:24:29 GMT

@KennyRS wrote:
I get them in the mail continuously -- however it's like 3 or 4% transaction fees.

I get them all the time, I got another one in the mail today. And whenever I go into the bank, they ask if I want to transfer balances to my card. Also always there when I log in. I feel like I can't escape it.

Re: How often does BofA offer you BT promos?

B335is — Tue, 12 Aug 2014 22:34:02 GMT

I get them weekly across 3 of my 4 BoA cards. They seem to push the lower limit cards more for BT.

Re: How often does BofA offer you BT promos?

barbaralee — Tue, 12 Aug 2014 22:34:42 GMT

All. The. Time. As soon as one offer expires they send me another one.

Re: How often does BofA offer you BT promos?

lhcole77 — Tue, 12 Aug 2014 22:36:18 GMT

Thanks for the replies!! Maybe I will roll the dice....

Would it look weird to transfer my SDFCU balance to BofA that was a transfer itself?

Re: How often does BofA offer you BT promos?

B335is — Tue, 12 Aug 2014 22:40:03 GMT

@lhcole77 wrote:
Thanks for the replies!! Maybe I will roll the dice....

Would it look weird to transfer my SDFCU balance to BofA that was a transfer itself?

No, I doubt they would even know. I usually just write myself a check since it gets the balance transferred in 2-3 days versus doing it through BoA website, which has taken weeks.

Re: How often does BofA offer you BT promos?

lhcole77 — Tue, 12 Aug 2014 22:41:30 GMT

@B335is wrote:
@lhcole77 wrote:
Thanks for the replies!! Maybe I will roll the dice....

Would it look weird to transfer my SDFCU balance to BofA that was a transfer itself?
No, I doubt they would even know. I usually just write myself a check since it gets the balance transferred in 2-3 days versus doing it through BoA website, which has taken weeks.

That is good info! Thanks.

Re: How often does BofA offer you BT promos?

DaveSignal — Tue, 12 Aug 2014 22:45:57 GMT

I receive the offers as well. The transaction fee makes it at least a 3% BT. In addition to the rate, the main reason that I would never do it is because I actually use my BoA card for overseas transactions where I don't have higher rewards on other cards. If I was carrying balances, all of my purchases would lose their grace period and be charged the standard rate for purchases.

I usually wait for a 0% offer from NFCU (I don't use this card for anything else), then make whatever big purchases I have been waiting for on other rewards cards before transfering to NFCU for 0% financing. This is a great option if you can get into this CU.

Re: How often does BofA offer you BT promos?

lhcole77 — Tue, 12 Aug 2014 22:58:04 GMT

@DaveSignal wrote:
I receive the offers as well. The transaction fee makes it at least a 3% BT. In addition to the rate, the main reason that I would never do it is because I actually use my BoA card for overseas transactions where I don't have higher rewards on other cards. If I was carrying balances, all of my purchases would lose their grace period and be charged the standard rate for purchases.

I usually wait for a 0% offer from NFCU (I don't use this card for anything else), then make whatever big purchases I have been waiting for on other rewards cards before transfering to NFCU for 0% financing. This is a great option if you can get into this CU.

I don't mind the 3% so much. Unfortunately I can't join NFCU but am hopeful that SDFCU will have some great offers in the future since they don't charge a BT fee.

Re: How often does BofA offer you BT promos?

DaveSignal — Tue, 12 Aug 2014 23:03:08 GMT

@lhcole77 wrote:
@DaveSignal wrote:
I receive the offers as well. The transaction fee makes it at least a 3% BT. In addition to the rate, the main reason that I would never do it is because I actually use my BoA card for overseas transactions where I don't have higher rewards on other cards. If I was carrying balances, all of my purchases would lose their grace period and be charged the standard rate for purchases.

I usually wait for a 0% offer from NFCU (I don't use this card for anything else), then make whatever big purchases I have been waiting for on other rewards cards before transfering to NFCU for 0% financing. This is a great option if you can get into this CU.
I don't mind the 3% so much. Unfortunately I can't join NFCU but am hopeful that SDFCU will have some great offers in the future since they don't charge a BT fee.

SDFCU has offered me BT promotions as well. I am pretty sure that I have never received a 0% offer from them, though. If you have balances to transfer, BoA is a good deal and possibly your best option. Just make sure you don't use this card for ongoing everyday purchases though, because those will all get charged your full purchase APR from the date that they post.

Re: How often does BofA offer you BT promos?

lhcole77 — Tue, 12 Aug 2014 23:12:27 GMT

Thanks, Dave! I will keep that in mind.

SDFCU gave me a 6 mo 0% offer when I opened the card. That was nice. =)

Re: How often does BofA offer you BT promos?

j_casteel — Tue, 12 Aug 2014 23:49:43 GMT

Every week it seems

Re: How often does BofA offer you BT promos?

navajomyst2003 — Wed, 13 Aug 2014 01:56:12 GMT

Every week online.

Re: How often does BofA offer you BT promos?

Anonymous — Mon, 18 Aug 2014 10:53:54 GMT

It seems like I get these every week. I never even look them over. I just shred them.

Re: How often does BofA offer you BT promos?

kayvee_ — Fri, 22 Aug 2014 04:27:54 GMT

Never I could use one too

Re: How often does BofA offer you BT promos?

HiLine — Fri, 22 Aug 2014 04:37:01 GMT

Recently BofA has been pretty aggressive in pushing these balance transfer offers. If you wait till your current statement cycle ends, they will extend the promo interest rate period by another month, to March 2016.

I believe the balance transfer fee is 4%. Borrowing for 18 months at 4% total interest is a good deal if you ask me. There are plenty of ways to make a higher return than the balance transfer fee rate.

Re: How often does BofA offer you BT promos?

leegreen — Fri, 22 Aug 2014 11:29:59 GMT

So if I obtain a BBR and transfer a balance then pay more than minimum does that ale it earn the 100 a year?

Re: How often does BofA offer you BT promos?

kayvee_ — Sat, 23 Aug 2014 19:29:44 GMT

@leegreen wrote:
So if I obtain a BBR and transfer a balance then pay more than minimum does that ale it earn the 100 a year?

Yes!