Yup you're over thinking it. I've BT'd from Synch several times. All they care about is getting their money. Doesn't really matter how they get it. As long as it is legit. lol
I give them Navy Fed's money every chance I get. ;-)
LOL..yeah you can relax. Another way to take a cash advance without actually being charged for it. Is to fund a new bank account with it.
Not all CUs and banks do it, though I've found several that do. ;-)
Also good for meeting a spend bonus every now and then.
@Anonymous wrote:Lol. Well thanks to both of you then .Also forgot to mention that one reason I was over thinking it was because on the Wal-Mart card I had pulled out a little bit of cash with it (cash back at register). And wasnt sure if they'd be mad that I got a cash advance and paid it back with a balance transfer. Essentially that's a way to get your full credit line (almost; you have to make a small purchase for cash back) in cash by pulling out your cash limit (which is typically a percentage of your actual credit line,) balance transferring your balance, and pulling out cash again. Hmm .Wonder how many red flags that would throw up. Not interested in the answer lol but this was my thought process behind being nervous about transferring my balance .
You can relax, @Anonymous. Just FYI... to Synchrony it's just another ACH or check payment - they make no 'notation' of it being a balance transfer (i.e. there are no 'red flags').
Some will point out that it's technically possible for an analyst to manually comb over your reports and look at another account's balance increasing at the same time your Synchrony balance is PIF, but IMO it's a stretch in most cases to expect that to happen. In a nut shell, Synchrony just wants to get paid.
FWIW, my own BTs from Synchrony to other banks have all been no-drama. 
Lol, i bt'd all my Sync balances away to my Boa card and keep my Sync cards as pif im now gonna bt some away to Navy to avoid that interest
im now gonna bt some away to Navy to avoid that interest
wrote:This may be an odd question. But ive never done a BT before and have been pondering for a month or so about doing one from my Wal-Mart card to my new discover 0% APR card. Reason I haven't already is because i know banks make their money on interest and i know how weird Synchrony bank can be at times .I figured they may not take too kindly to me letting discover steal their interest payments away from them. I'm sure they know its a balance transfer.
Am I over thinking it? Or do some companies not take kindly to balance transfers? Even aside from synchrony id like to know in general .Maybe they give me a CLD after as punishment or close account? Idk. Maybe I'm over thinking it .Please advise if you have any experience in this. Thank you MyFicoers
Yes you're over thinking it. They don't know anything, they just know they got a nice fat payment.
