Balance transfer checks?

[Closingracer99]

They send me the money to my Bank and is considered a Balance transfer with 0% APR? Thinking of moving my Chase Freedom $400 balance to my Citi card so this way i can use the 5% on that card instead of my Discover. UR points i have been trying to rack up and 5% is good. 

[B335is]

What is the BT fee?  Assuming it's 3%, just consider how much spend you need to divert to breakeven.

[Closingracer99]

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@B335is wrote:

What is the BT fee?  Assuming it's 3%, just consider how much spend you need to divert to breakeven.

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Eh it is $11 bucks in Fees for my transfer. I made around $50 in October last year with my discover.

[B335is]

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@Closingracer99 wrote:

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@B335is wrote:

What is the BT fee?  Assuming it's 3%, just consider how much spend you need to divert to breakeven.

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Eh it is $11 bucks in Fees for my transfer. I made around $50 in October last year with my discover.

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I suppose it's negligible and you're doing it for a good reason.  Might as well use the Simplicity for something lol.

[Closingracer99]

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@B335is wrote:

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@Closingracer99 wrote:

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@B335is wrote:

What is the BT fee?  Assuming it's 3%, just consider how much spend you need to divert to breakeven.

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Eh it is $11 bucks in Fees for my transfer. I made around $50 in October last year with my discover.

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I suppose it's negligible and you're doing it for a good reason.  Might as well use the Simplicity for something lol.

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The checks tho or in my case Direct deposit is a Cash advance or considered a Balance transfer right?

[Open123]

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@Closingracer99 wrote:

The checks tho or in my case Direct deposit is a Cash advance or considered a Balance transfer right?

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Yes, both direct deposits or depositing a cash advance check to yourself will both be considered Balance transfers eligible for the promo rate.

[Closingracer99]

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@Open123 wrote:

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@Closingracer99 wrote:

The checks tho or in my case Direct deposit is a Cash advance or considered a Balance transfer right?

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Yes, both direct deposits or depositing a cash advance check to yourself will both be considered Balance transfers eligible for the promo rate.

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Ok thanks i just wanted it faster since it seems 1-2 days for checks and then 14 days for a Balance transfer ...I could do it but it would cut it close with my statement due with Chase. 

[B335is]

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@Closingracer99 wrote:

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@Open123 wrote:

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@Closingracer99 wrote:

The checks tho or in my case Direct deposit is a Cash advance or considered a Balance transfer right?

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Yes, both direct deposits or depositing a cash advance check to yourself will both be considered Balance transfers eligible for the promo rate.

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Ok thanks i just wanted it faster since it seems 1-2 days for checks and then 14 days for a Balance transfer ...I could do it but it would cut it close with my statement due with Chase. 

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Yeah I always use the checks if I'm doing a BT, no patience for them to process the direct deposit.  

[Closingracer99]

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@B335is wrote:

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@Closingracer99 wrote:

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@Open123 wrote:

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@Closingracer99 wrote:

The checks tho or in my case Direct deposit is a Cash advance or considered a Balance transfer right?

---

Yes, both direct deposits or depositing a cash advance check to yourself will both be considered Balance transfers eligible for the promo rate.

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Ok thanks i just wanted it faster since it seems 1-2 days for checks and then 14 days for a Balance transfer ...I could do it but it would cut it close with my statement due with Chase. 

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Yeah I always use the checks if I'm doing a BT, no patience for them to process the direct deposit.  

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Direct deposit it says 1-2 days into my checking account though? or you mean a Transfer?

[B335is]

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@Closingracer99 wrote:

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@B335is wrote:

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@Closingracer99 wrote:

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@Open123 wrote:

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@Closingracer99 wrote:

The checks tho or in my case Direct deposit is a Cash advance or considered a Balance transfer right?

---

Yes, both direct deposits or depositing a cash advance check to yourself will both be considered Balance transfers eligible for the promo rate.

---

Ok thanks i just wanted it faster since it seems 1-2 days for checks and then 14 days for a Balance transfer ...I could do it but it would cut it close with my statement due with Chase. 

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Yeah I always use the checks if I'm doing a BT, no patience for them to process the direct deposit.  

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Direct deposit it says 1-2 days into my checking account though? or you mean a Transfer?

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Sorry, yes I meant transfer.  I'm filling out direct deposit form at work haha.