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PenFed no balance transfer offers?

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SUPERSQUID
Valued Contributor

Re: PenFed no balance transfer offers?


@CreditCuriosity wrote:

@RSX wrote:

I haven't checked for a long time since I am finishing off a previous BT with them

 

i just did and for my Gold card that still has $4785 left to pay. - with an April deadline

 

i DO have the offer showing.  But not for the full amount  - only for 50% of my available CL

 

 

curious.  


strange maybe only gold card now?  although that would be kinda dumb imho as BT is a revenue stream for them unless charge offs are exceeding BT fees.  Also gold card has a bit easier UW as well if I recall.. Interesting.  Maybe just a bug or will show up at start of year etc.. Sure more will come mine is on PCR w/30k limit that I didn't have and always have had prior to checking


BTW, I called regarding my Gold card which presently has a zero balance, no dice.

{ BK7 DC 12/2019 } target 2100/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos ,most are slightly above 700, the 9's slightly higher than the 8's

TCL - about 110k
Retired since 2017
Message 11 of 49
AverageCreditsUser
Established Member

Re: PenFed no balance transfer offers?

Same here. Mine also was a gold card.

 

 

BOA(2) Chase(5) Amex(4) Citi(3) Discover USB LOC Cap One(2) GS
NFCU(3) PenFed(2) SECU(2) Alliant
(04/2024) Current FICO 8 scores: EX 802(2) EQ 806(0) TU 802(2)
UT 1%
TL $600K+
Message 12 of 49
mgood
Valued Contributor

Re: PenFed no balance transfer offers?

I think they come and go for me. I don't believe I have any offers currently.

My Platinum Rewards is holding a balance transfer that I need to pay off pronto. The 0% interest runs out next month. I don't think I'm going to try to BT it to something else. I'm just going to pay it off. I spent a sizable chunk on my Cabela's card with 0% interest for 12 months, and my Cash+ is still 0% until July. I don't need 3 cards showing a balance.



EQ8 760, TU8 760, EX8 761 as of November 11
AZE11 - 4% Utl - New Cards: 0/6, 3/12, 6/24
Message 13 of 49
WowCool
Frequent Contributor

Re: PenFed no balance transfer offers?

Well I guess I just lucked out, I did a BT on my Promise the 4th of Dec. Though it sounds like Bts are going to be limited as stated from other members. Bummer. And I also have not got any checks for bts since beginning of year?!

Maybe NFCU will start back up with their January BTs....... lol wishful thinking

Message 14 of 49
Traveler101
Established Contributor

Re: PenFed no balance transfer offers?

I haven't seen the balance transfer checks in a long time. I thought it was only me too. I would constantly get the checks in the mail. Not anymore.

 

I do have a customized cash from BOA. When I log in, an offer on the card 0 intrest for 12 months and 3% transfer fee. Perhaps if you carry that card, maybe you have an offer when you log in? 

 

Seeing how they are being generous with me on cli's, I will show them some love a transfer a balance short term. Then hit the love button when it's paid down in about 3 months with hefty payments, lol. 

 

Happy Holidays!

Message 15 of 49
Guyatthebeach
Valued Contributor

Re: PenFed no balance transfer offers?

@SouthJamaica,

 

  • It's not you, I think Penfed is tightening the restrictions on BT's.  I have no BT offers on all 3 cards.  I checked every single account. I can still a BT but only by clicking it manually and it's at a regular APR

Guyattheach

Message 16 of 49
SouthJamaica
Mega Contributor

Re: PenFed no balance transfer offers?


@Guyatthebeach wrote:

@SouthJamaica,

 

  • It's not you, I think Penfed is tightening the restrictions on BT's.  I have no BT offers on all 3 cards.  I checked every single account. I can still a BT but only by clicking it manually and it's at a regular APR

Guyattheach


Actually I can't get one at a regular APR, either. (Not that there would be any point in doing so)


Total revolving limits 586020 (520820 reporting) FICO 8: EQ 710 TU 707 EX 692




Message 17 of 49
Iusedtolurk
Established Contributor

Re: PenFed no balance transfer offers?


@SouthJamaica wrote:

For the first time in the more than 7 1/2 years that I have been a member and credit card holder of PenFed, I'm getting a notice that "no balance transfer offers are available".  Is this happening to others, or is it just me that's running into this?

 

It's unfortunate, because for years PenFed has had a very out-of-date and hard-to-work-with interface for credit card balance transfers, and fixed it only recently. Almost immediately after they fixed it, they started limiting me to 1 balance transfer. And now they've limited me to none.


I was just checking BT availabilty for later this month and got the No Balance Tranfers.... language so I decided to check the forum to see if anyone else had received it and Sure Enough I saw this post.

 

Really screws me up due to almost maxing out a few cards due to a catastrophic flood and trying to get things back halfway habitable.

 

Guess I have to go to Plan B that I didn't already figure out.

 

At least this post gave me a Heads-up that it wasn't a glitch or something.

 

Off hand does anyone know if you can cash advance from cc to a bank account from Penfed?

 

 

Message 18 of 49
SUPERSQUID
Valued Contributor

Re: PenFed no balance transfer offers?


@SouthJamaica wrote:

@Guyatthebeach wrote:

@SouthJamaica,

 

  • It's not you, I think Penfed is tightening the restrictions on BT's.  I have no BT offers on all 3 cards.  I checked every single account. I can still a BT but only by clicking it manually and it's at a regular APR

Guyattheach


Actually I can't get one at a regular APR, either. (Not that there would be any point in doing so)


The same for me. When I called in I asked if I can have a BT at regular rates and the lady politely said NO.

About 2 months ago I paid my Gold card down to zero in anticipation of using a zero pct BT from one of my Discos, oh well..

{ BK7 DC 12/2019 } target 2100/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos ,most are slightly above 700, the 9's slightly higher than the 8's

TCL - about 110k
Retired since 2017
Message 19 of 49
SouthJamaica
Mega Contributor

Re: PenFed no balance transfer offers?


@Iusedtolurk wrote:

@SouthJamaica wrote:

For the first time in the more than 7 1/2 years that I have been a member and credit card holder of PenFed, I'm getting a notice that "no balance transfer offers are available".  Is this happening to others, or is it just me that's running into this?

 

It's unfortunate, because for years PenFed has had a very out-of-date and hard-to-work-with interface for credit card balance transfers, and fixed it only recently. Almost immediately after they fixed it, they started limiting me to 1 balance transfer. And now they've limited me to none.


I was just checking BT availabilty for later this month and got the No Balance Tranfers.... language so I decided to check the forum to see if anyone else had received it and Sure Enough I saw this post.

 

Really screws me up due to almost maxing out a few cards due to a catastrophic flood and trying to get things back halfway habitable.

 

Guess I have to go to Plan B that I didn't already figure out.

 

At least this post gave me a Heads-up that it wasn't a glitch or something.

 

Off hand does anyone know if you can cash advance from cc to a bank account from Penfed?

 

 


1. Yes but there's probably a cash advance fee and a prohibitively high interest rate.

2. If they're not allowing you to do a balance transfer, they're probably not allowing you to do a cash advance either.


Total revolving limits 586020 (520820 reporting) FICO 8: EQ 710 TU 707 EX 692




Message 20 of 49
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