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Balance transfer question

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Frequent Contributor

Balance transfer question

This might sound like a stupid question but I can't seem to find the answer on the forums....

Can I transfer a balance from any account that I choose or do I have to have a BT offer from that card? For example I'm thinking about transferring the balance on my CSR (recently lost my job) to possibly a Citi DP if I decide to take the prequal offer from Citi. Can I just initiate the transfer or do I have to be eligible or something from my CSR account. Thanks in advance.

6 REPLIES 6
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Moderator Emeritus

Re: Balance transfer question


@NobleFunk wrote:

This might sound like a stupid question but I can't seem to find the answer on the forums....

Can I transfer a balance from any account that I choose or do I have to have a BT offer from that card? For example I'm thinking about transferring the balance on my CSR (recently lost my job) to possibly a Citi DP if I decide to take the prequal offer from Citi. Can I just initiate the transfer or do I have to be eligible or something from my CSR account. Thanks in advance.


You dont need anything on the CSR.  Only offer you need to worry about would be on the Citi card.  Chase will just see it as an electronic payment.

Message 2 of 7
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Frequent Contributor

Re: Balance transfer question

Thanks for your reply Irish. Is there a way to ensure a BT offer on a card like the Citi DP before applying. For instance, if I apply and am approved, I'm not guaranteed to be able to transfer anything to that card ?
Message 3 of 7
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Established Contributor

Re: Balance transfer question

You can transfer a balance on most non store cards at anytime. If you have the credit limit available with the fee included. 

Now most wouldn't do it if it wasn't 0 percent. My Sallie Mae I can always transfer a balance but it might be at 25.99%. Lol gotta check promotions and stuff. 

 

Check the terms and conditions before you apply. Keep in mind with no income from a job it might be hard to apply and get approved if you are honest on your application...

*AMEX SPG - $2k (CLOSED) Barclaycard Arrival - $7.5k *Chase Freedom - $8k *Cap One QS - $10.4k *Citi DC - $15k *Chase CSR - $17K *Navy Fed Go Rewards - $20k *Discover IT - $39k *AMEX BCE - $33.1k
AAOA - 1.8 yrs
TU Score - 810 Updated Feb 19'
EX Score - 813 Updated Feb 19'
Message 4 of 7
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Frequent Contributor

Re: Balance transfer question

Thanks chevy. Pretty sure the Citi DP is 3% fee for balance transfers. Also I am now employed again, just was out of work for 3 months hence the balance I'd like to transfer.
Message 5 of 7
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Moderator

Re: Balance transfer question

Nothing to add to the topic at hand, just wanted to say that I'm glad you have another job ☺️

Got some pruning to do... No more new cards!
Message 6 of 7
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Frequent Contributor

Re: Balance transfer question

Thanks justagirl ☺️ I really appreciate that. I really don't want to open another account. But just trying to cover all my bases and see what my best options are.
Message 7 of 7
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