Could a balance transfer trigger adverse action?

[Revelate]

How would they not know it’s a BT?

That’s got to be unique in the transaction record coming directly from another well known lender unless using a check or something to your own account first?

[AverageJoesCredit]

If you paid Amex from your checking , after receiving funds from Disco, they wouldnt have any reason to suspect its a bt as its your normal payment method.

[Anonymous]

Thanks so much for all your helpful replies! You are the best!

My Disco CL is $4000, with zero balance. I've been keeping it at zero in case the BT option looked promising, which it seems to be, I'd like to initiate the BT process this Monday.

I also have Chase Freedom and PayPal 2%, both with zero balances. So I have good flexibility to use those cards even though Disco is tied up while I pay off the BT.

[Anonymous]

I phoned Discover today and put the BT in motion. Luckily, I had the option of transferring the funds to my checking account, so I can make payment to Amex as I normally do. The BT team's CSR said to expect the funds in my checking account within 5 business days. As usual, my experience with Discover's CS was outstanding.

Thanks again to all here who offered such great advice!

[Anonymous]

Update....

The BT funds posted to my checking account just after midnight. I made payment in full to Amex this morning. So, from start to finish for this BT was less than 48 hours.

My Disco util is now 38%, so I expect that my credit scores will take a hit until I pay off enough to bring it down below 28.9%. Overall util is 6%.

[CreditInspired]

---

@Anonymous wrote:

Update....

The BT funds posted to my checking account just after midnight. I made payment in full to Amex this morning. So, from start to finish for this BT was less than 48 hours.

My Disco util is now 38%, so I expect that my credit scores will take a hit until I pay off enough to bring it down below 28.9%. Overall util is 6%.

---

Kudos to you

[Queen_Etherea]

---

@CreditInspired wrote:

---

@Anonymous wrote:

I've never done a balance transfer before, so please excuse my ignorance.

My Amex BCE's intro period of 0% APR runs out in July. My Discover IT is offering 0% for balance transfers of 12 months duration (with 3% fee). That offer also ends in July. I'd like to BT from Amex (current balance $1500) to Disco, but I'm worried that Amex might lower my credit limit if I do. It's my highest CL at $12,000, and I want to protect it. Is AA a possibility? My payment history (15 months) with Amex is perfect, never late and always paying at least 3X minimum and sometimes 10X. But I'm not able to PIF before the 0% intro runs out.

What would you advise? Thanks for reading.

---

As long as everything in your credit profile is up to par, you’ll be just fine. There’s no need to pay interest if you dont have to. I did the same thing last year with the help of this forum. I had Discover direct deposit the BT amount to my checking account and then I used the funds to pay off one of my AmX cards. 

---

How did you do that? Did you still have to pay the BT fee, if there even was one? 

[CreditInspired]

---

@Queen_Etherea wrote:

---

@CreditInspired wrote:

---

@Anonymous wrote:

I've never done a balance transfer before, so please excuse my ignorance.

My Amex BCE's intro period of 0% APR runs out in July. My Discover IT is offering 0% for balance transfers of 12 months duration (with 3% fee). That offer also ends in July. I'd like to BT from Amex (current balance $1500) to Disco, but I'm worried that Amex might lower my credit limit if I do. It's my highest CL at $12,000, and I want to protect it. Is AA a possibility? My payment history (15 months) with Amex is perfect, never late and always paying at least 3X minimum and sometimes 10X. But I'm not able to PIF before the 0% intro runs out.

What would you advise? Thanks for reading.

---

As long as everything in your credit profile is up to par, you’ll be just fine. There’s no need to pay interest if you dont have to. I did the same thing last year with the help of this forum. I had Discover direct deposit the BT amount to my checking account and then I used the funds to pay off one of my AmX cards. 

---

How did you do that? Did you still have to pay the BT fee, if there even was one? 

---

i asked for $5K to be direct deposited into my checking account. The $150 fee (3%) was on my next statement with the $5K BT.