No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I have some BTs that are going to convert to insultingly high Discover rates in the not-too-distant future; I really took advantage of the low (and no) interest rates, but still have a little at which to chip away.
I was going to apply for a new card with a 12/15/18 month 0% deal, but then I thought...
I thought I would ask, as perhaps there are some rules that prevent this back-and-forth approach, but still weighing the HP/new account/long-term implications (3 new cards in the last year and not looking to add a 4th) vs. a nominal fee to hedge up the BTs before interest spikes and afford me more time to PIF.
There is nothing preventing moving a balance to a card with no BT fee, then a few weeks later BT to another or back to the original card. I tended to give it a little time on the temporary card, and not do it too frequently, but as a one-time BT shuffle, go for it.
I have done this many, many times. You're good.
Good luck!
Yes, yes you can. And it's a good strat, too 👍
@Fletcher2 wrote:I have some BTs that are going to convert to insultingly high Discover rates in the not-too-distant future; I really took advantage of the low (and no) interest rates, but still have a little at which to chip away.
I was going to apply for a new card with a 12/15/18 month 0% deal, but then I thought...
- Couldn't I simply transfer the balances over to NFCU Platinum card (right after my upcoming statement close and after they report out), san fees, then, once Discover cashes the proverbial check, take Discover up on their current BT deals and transfer it right back in (will incuir 3% to get the 0%/longer time horizon...will have to do the math, but assuming the 3% route is the way).
I thought I would ask, as perhaps there are some rules that prevent this back-and-forth approach, but still weighing the HP/new account/long-term implications (3 new cards in the last year and not looking to add a 4th) vs. a nominal fee to hedge up the BTs before interest spikes and afford me more time to PIF.
Yes you could.
Thanks for intel, everyone!
Being able to transfer into NFCU without incuring BT fees, using it like an intermediary to 'refinance' BTs at a lower rate, and moving it right back out makes that card just that much more valuable in the wallet.
I do treat them very well, so this is a mutually beneficial arrangement and definately not taking them for granted.
Thanks again.
@Fletcher2 wrote:Thanks for intel, everyone!
Being able to transfer into NFCU without incuring BT fees, using it like an intermediary to 'refinance' BTs at a lower rate, and moving it right back out makes that card just that much more valuable in the wallet.
I do treat them very well, so this is a mutually beneficial arrangement and definately not taking them for granted.
Thanks again.
The NFCU Platinum card is indeed a very valuable card.