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Banks care about transferring balances away?

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Anonymous
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Banks care about transferring balances away?

Do you think banks(Chase in this instance) Cares about balances being transferred away from them repeatedly? like once every 3 months or so. It looks like it only shows up on their end as online bill pay, so I assume money is money to them, but just wondering if anyone else see's it differently. Discover and their 5% apr balance transfers is very useful if any 'in full' payments aren't met. 

Message 1 of 10
9 REPLIES 9
Anonymous
Not applicable

Re: Banks care about transferring balances away?

Very good question. I've never thought about it that way before. 

Message 2 of 10
Anonymous
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Re: Banks care about transferring balances away?

I wonder in which circumstances they even know.

Message 3 of 10
Anonymous
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Re: Banks care about transferring balances away?

Probably not. They have customers bringing balances to them as well. Business as usual I'd suspect..
Message 4 of 10
Anonymous
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Re: Banks care about transferring balances away?

I'm going to go out on a limb and say that a bank doesn't give a fat rat's a** how you pay them as long as they are paid. Just a hunch
Message 5 of 10
Creditplz
Valued Contributor

Re: Banks care about transferring balances away?

I'd agree with Gegland as long as they see payments being made they shouldn't have too big of an issue with it money is money.
Message 6 of 10
Anonymous
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Re: Banks care about transferring balances away?

That's what I assumed. Just figured I'd check if anyone got adverse action because of it bc I'm bout to BT from a couple chase cards. Thanks for the inputs.
Message 7 of 10
Anonymous
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Re: Banks care about transferring balances away?

Barclays will AA for this.  Every other reasonable lender doesn't care.

Message 8 of 10
bk510
Valued Contributor

Re: Banks care about transferring balances away?


@Anonymous wrote:

Barclays will AA for this.  Every other reasonable lender doesn't care.


I've had BT's from/to Barclay multiple times and no AA......Unfortuneately thats the only thing I like bout 'em.

Limit stuck on 4.3K almost for 2 yrs. I'll be closing my reward card at the end of this year.

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Message 9 of 10
Anonymous
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Re: Banks care about transferring balances away?

Another reason why I don't get why anyone does business with Barclays
Message 10 of 10
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