Balance transfer question

[Jccflat]

So I recently got approved with the FNBO cord with $15,000 credit line

I do have a balance transfer offer 0%

I want to take advantage of this offer

Now I see that the charge 3% of the balance transfer 

And I do have zero I do have 0% on purchases also 

Since I use my credit for   the business for Thousands of dollars And I get reimbursed the money Is it worth it same as the balance transfer method   so I do purchase balances on that amount instead of the balance transfer offer so I save the 3% fee?

Also if I do only partial balance transfer and then the rest in purchases does this affect the interest ? Or it doesn't Since the purchase APR is also zero till April 2022?

let me know if am missing something here 

[FinStar]

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@Jccflat wrote:

So I recently got approved with the FNBO cord with $15,000 credit line

I do have a balance transfer offer 0%

I want to take advantage of this offer

Now I see that the charge 3% of the balance transfer 

And I do have zero I do have 0% on purchases also 

Since I use my credit for   the business for Thousands of dollars And I get reimbursed the money Is it worth it same as the balance transfer method   so I do purchase balances on that amount instead of the balance transfer offer so I save the 3% fee?

Also if I do only partial balance transfer and then the rest in purchases does this affect the interest ? Or it doesn't Since the purchase APR is also zero till April 2022?

let me know if am missing something here 

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Yes, since they will calculate your ADB on the purchase APR.

I would not commingle your standard purchase transactions when you're carrying a BT on this card.  If both purchase and BT APRs were 0% for the 15 month duration, then it  would be more viable, even with the BT fee.  But, in your case, the promotional/intro APR only applies to BTs.

[Jccflat]

I'll check but i remember my purchase apr is the same as the balance transfer offfer zero apr for 15 months 

[FinStar]

I would double-check just to make sure @Jccflat.  If both are 0% then you should be good.

[dogmeat]

In general, I don't believe a 3% fee BT is very good for someone with good credit (as you appear to have with a recent 15K FNBO card).  You'd be better off figuring out how to put direct purchase on the card assuming it also has a 0% purchase APR (which is a common introductory card offer, often coincident with 0% APR BT).

For short-term BT float, there are other options.  There are a handful of CU cards out there with permanent 0% BT fee.  Even with a 10% APR card (such as DCU) which is not the best option available, you're paying 10/12 = .83%/mon in interest, so if you can pay off the BT (e.g., with business sales/AR/reimbursement) within 3 months, you're still below 3% (.83 x 3 = 2.5).  Another very good option is the Penfed Promise, though I read recently they don't offer it anymore.  It has an ongoing 0% BT fee, 4.9% APR for 12 months, or about .42%/mo interest.  With that card you can float for up to 6 months and stay below 3% (6 x .42 ~= 2.5). 

[FinStar]

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@dogmeat wrote:

In general, I don't believe a 3% fee BT is very good for someone with good credit (as you appear to have with a recent 15K FNBO card).  You'd be better off figuring out how to put direct purchase on the card assuming it also has a 0% purchase APR (which is a common introductory card offer, often coincident with 0% APR BT).

For short-term BT float, there are other options.  There are a handful of CU cards out there with permanent 0% BT fee.  Even with a 10% APR card (such as DCU) which is not the best option available, you're paying 10/12 = .83%/mon in interest, so if you can pay off the BT (e.g., with business sales/AR/reimbursement) within 3 months, you're still below 3% (.83 x 3 = 2.5).  Another very good option is the Penfed Promise, though I read recently they don't offer it anymore.  It has an ongoing 0% BT fee, 4.9% APR for 12 months, or about .42%/mo interest.  With that card you can float for up to 6 months and stay below 3% (6 x .42 ~= 2.5). 

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While these additional options can be great opportunities, especially when shopping around, I believe the OP was mainly focused on this recently approved card and the use of intro promotions.  Unless, OP changes their mind and wants to apply for something else.