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I have a stupid question...about BT

lakers0519
Regular Contributor

I have a stupid question...about BT

Can you transfer from a major cc to a Lowe's card?



Starting scores: 05/17/15 EQ-463, TU-487, EX-493
Current scores: 04/2017 EQ-628, TU-682, EX-669
Message 1 of 6
5 REPLIES 5
rmduhon
Valued Contributor

Re: I have a stupid question...about BT

I'd say no if your Lowe's card is the store card.
Message 2 of 6
lakers0519
Regular Contributor

Re: I have a stupid question...about BT


@rmduhon wrote:
I'd say no if your Lowe's card is the store card.

so you can transfer store to major but not the other way around?



Starting scores: 05/17/15 EQ-463, TU-487, EX-493
Current scores: 04/2017 EQ-628, TU-682, EX-669
Message 3 of 6
Dalmus
Established Contributor

Re: I have a stupid question...about BT

Why would you want to?  Its hard to believe any store card would have a better interest rate than most majors...

 

Edit:

 Sorry, I didn't mean for that to come off as snarky!  Just curious about whether you actually want to do this, or if its just an academic question.  Smiley Happy

 

Edit #2:

 Maybe you have a huge limit on your HD card, and a smaller limit on your major, and you're needing to make an emergency purchase on your major that exceeds your available credit?  That's the only reason I can see for wanting to do such a thing.  IE, major car repair and you NEED your car for work, or your roof is in danger of collapsing, etc etc.

NFCU MR: $25K | Venture: $21K | Amex ED: $18K | NFCU CR: $18K | Amex BCE: $15K | IT #1: $15K | PNC Core: $15K | PPMC:  $12K | Wells Fargo: $11K | Savor: 12K | Cap1 QS: $8.5K | Barclays Rewards: $7.75K | IT #2: $6.8K | MLife: $6.5K | Sportsman's Guide: $8.7K | PenFed PR: $5.5K | Elan Plat: $2.3K | TRV: $2.8K | BotW: $3K


Current FICO 8 Scores: EQ: 739 | TU: 762 | EX: 743


Message 4 of 6
NRB525
Super Contributor

Re: I have a stupid question...about BT


@lakers0519 wrote:

Can you transfer from a major cc to a Lowe's card?


You can do a BT to any card that will let you, but that card must offer you the possibility of doing a BT. You don't just call up the bank to see if you can BT. You could call, but unless the bank is in the habit of offering BT, you are unlikely to be able to do the BT.

 

store cards usually (I will leave some possibility open) are not in the business of doing BT offers. The main objective of a store card is to get you to use the card in the store, and save that store the swipe fees from the major payment networks.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 5 of 6
Hannahj55
Regular Contributor

Re: I have a stupid question...about BT

Are you trying to take advantage of their no interest for 6-24 months? Like others have said, see if lowes will do a balance transfer. If they do, awesome. You now have a longer grace period to pay off your debt lol and in that case, I will be following your foot steps if I ever need to do this!!!

Message 6 of 6
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