Amazing Balance Transfer Offer on Cap One Card

[securingourfuture]

I have had my 2 Venture One cards and 1 Quicksilver for over a year. My total credit lines are $28,000. Well today, they sent me a balance transfer offer of 0% apr for 18 months across the venture one cards and for 12 months on the Quicksilver. I couldn't believe it.

 I

[Anonymous]

Now that's sweet!!!!!! 

[securingourfuture]

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@Anonymous wrote:

Now that's sweet!!!!!! 

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And right on time. I have dental work on my care credit that's already 6 months old. This gives me an extra year on the $5k balance.

[Anonymous]

Now that's even sweeter. 

[AverageJoesCredit]

Very cool!. Early Christmas present for you

[securingourfuture]

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@AverageJoesCredit wrote:
Very cool!. Early Christmas present for you

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Yeah it is. That $5k was a Synchrony debt. Now I'm down to only like $2,000 owed across 3 cards. My utilization was only 10% with them, but you never know why they come for people.

[SouthJamaica]

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@securingourfuture wrote:

I have had my 2 Venture One cards and 1 Quicksilver for over a year. My total credit lines are $28,000. Well today, they sent me a balance transfer offer of 0% apr for 18 months across the venture one cards and for 12 months on the Quicksilver. I couldn't believe it.

 I

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Yes but you don't mention if there's a balance transfer fee.

They used to give me 2 offers, one interest-free, one fee-free.

After I opted for the fee-free one several times, they began offering that exclusively.

I like the way Cap One has treated me on balance transfers.

[yfan]

I got a version of the same offer, but with 0% for 12 months and with a 2% transfer fee.

[happypill]

Yes, they have been sending out a lot of these recently, I received one for each of my Cap One cards (Barclays has been sending a lot recently as well).  Guess they are trying to build up their loan portfolios.

In any case, a very important factor is the balanct transfer fee, which is usually around 2-3%.  The issue with that is that you pay the fee all up front, so it only makes sense to do it (even with 0% APR) if you plan to carry a balance for quite some time.  Of course, that's best avoided if at all possible and why BTs are pushed by lenders.

[Anonymous]

Got the 0% offer as well, but only for 12 months, which is OK cuz I'm only xferring $2,400.