US Bank Balance Transfers/Push vs Pull Payments

[FICOEmpire]

I'd like to balance transfer 3k from Chase biz card to my new US Bank biz plat card with a 5k limit. Anyone have recent experience with US Bank in general doing BT's? Particularly how long might it might take to complete in my case paying off Chase? Any quirks I need to be aware of? And, for some reason, even though I've always pulled payments to lenders, I think I might push them to US Bank. Seems I read of some issues recently with making payments to US Bank from other banks. Opinions welcome. I'm new to them and only have this one credit card with them so just trying to learn more about them. Thanks.

[Kforce]

No experience with BT, however I pay my USBank CC from another CU's billpay service (ACH) push every month.  Have never had a hiccup, just as fast as other banks and CU's. Two-3 days to get and post on account web page.

[M_Smart007]

US Bank has been getting a lot better with balance tranfers,

I think they have finally done away with snail mailing checks.

As far as paying from other banks, I think it was a one time 24 hour glitch.

[Gmood1]

All of my US bank CCs are on auto pay. 

I've never had an issue with pulling payments from outside banks.

[FICOEmpire]

Thanks for the replies. I was a bit unsure of this language on the BT offer. It appears that I can't use this for both a BT and future purchases without accruing continual interest. That makes no sense to me because it has 0% purchase APR for 20 months. I wanted to BT and make future purchases but now I'm thinking I should just use it for new purchases only. What do you all think?

Interest Charges: If you take advantage of this offer, you may not be able to avoid interest on future purchases, even if your offer has a 0% APR.  You can avoid interest on purchases if you pay your entire account balance, including any balances you create with this offer, in full by your due date each month. The transfer amount accrues interest charges from the date it posts to your account.

[Anonymous]

That is weird wording indeed, so does taking advantage of a 0% BT null and void the current 0% on purchases I wonder?

Might call them to confirm what this actually means. 

As for the BT itself USB is rather quick, mine completed within a week. I initiated it via the BT offer in my account which I though had expired after the 60 days, but it was still there. Mine als had similar wording but I didn't pay any attetnion to it since I didn't plan to use it for purchases during this period.

That said i will watch my statements for any interest charges.

[NRB525]

You will indeed be charged interest on new purchases during the 0% promo APR period. 

The interest amount will be calculated to $0 each month, but technically it is charging interest.

The banks put that general language in there because it covers all time periods, not just the 0% period.  

[FICOEmpire]

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@NRB525 wrote:

You will indeed be charged interest on new purchases during the 0% promo APR period. 

The interest amount will be calculated to $0 each month, but technically it is charging interest.

The banks put that general language in there because it covers all time periods, not just the 0% period.  

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Thanks but I'm still confused. Here's what I'm seeing on my account. There are two offers one for a 3% bt fee and one that says 0%. This may be like my Capital One account where it always has the no bt fee offer and sometimes a low fee offer. I was expecting a 3% fee based on my application with 20 cycles interest free. I'm pasting both offers. Which one do I choose?

Offer 1

0.00% Standard Offer Current Account Rate APR

3.00% Fee or $5.00 minimum

Your Balance Transfer will utilize your existing account rate which is currently 0.00%. If you are currently still in an introductory rate period or have recently accepted a special promotional offer on your account, this rate will change to the standard rate per your Cardmember Agreement or Confirmation letter after the certain number of billing cycles assigned to your offer expires.

Offer Code: 19149

Hide Details

Interest and Fee Information Paying Interest

Your due date is 24-30 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month.

Fee

You will be charged either 3.00% of the amount of each transfer or $5.00 minimum, whichever is greater (maximum N/A).

Disclosure

Your Balance Transfer will utilize your existing account rate which is currently 0.00%. If you are currently still in an introductory rate period or have recently accepted a special promotional offer on your account, this rate will change to the standard rate per your Cardmember Agreement or Confirmation letter after the certain number of billing cycles assigned to your offer expires.

Transfer Amount: There is a minimum transfer amount of $100.00 for each transaction made with this offer. If the total amount you request exceeds your available credit, we may send full or partial payment to your creditors in any order convenient for us. If you have a dispute with a creditor and pay that balance by transferring it to your new credit card account, you may lose certain dispute rights. Balance transfers may not be used to pay off or pay down any account issued by U.S. Bank National Association. Balance Transfer transactions do not earn rewards.

Interest Charges: If you take advantage of this offer, you may not be able to avoid interest on future purchases, even if your offer has a 0% APR.  You can avoid interest on purchases if you pay your entire account balance, including any balances you create with this offer, in full by your due date each month. The transfer amount accrues interest charges from the date it posts to your account.

Right to Change Terms: We may change APRs, fees and other account terms in the future based on your experience with U.S. Bank National Association and its affiliates as provided under the Cardmember Agreement and applicable law.

Consumer Payment Application: We will apply your minimum payment to balances with lower APRs first, including promotional APRs. Amounts paid over the minimum payment will be applied in the order of highest to lowest APR balances. For balances with the same APR, payments will be applied to the oldest balance first, which may reduce the length of a promotional rate offer.

Business Payment Application: We apply your payments to balances with lower APRs, including promotional APRs, before balances with higher APRs. For balances with the same APR, payments will be applied to the oldest balance on record first, which may reduce the length of a promotional rate offer.

Time Frame: It may take up to two weeks to process your Balance Transfer. Please continue to make payments to the accounts you have selected to transfer the balance from.

Offer 2

0.00% Standard Offer Current Account Rate APR

0.00% Fee or $0.00 minimum

Your Balance Transfer will utilize your existing account rate which is currently 0.00%. If you are currently still in an introductory rate period or have recently accepted a special promotional offer on your account, this rate will change to the standard rate per your Cardmember Agreement or Confirmation letter after the certain number of billing cycles assigned to your offer expires.

Offer Code: 29035

Hide Details

Interest and Fee Information Paying Interest

Your due date is 24-30 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month.

Fee

N/A

Disclosure

Your Balance Transfer will utilize your existing account rate which is currently 0.00%. If you are currently still in an introductory rate period or have recently accepted a special promotional offer on your account, this rate will change to the standard rate per your Cardmember Agreement or Confirmation letter after the certain number of billing cycles assigned to your offer expires.

Transfer Amount: There is a minimum transfer amount of $100.00 for each transaction made with this offer. If the total amount you request exceeds your available credit, we may send full or partial payment to your creditors in any order convenient for us. If you have a dispute with a creditor and pay that balance by transferring it to your new credit card account, you may lose certain dispute rights. Balance transfers may not be used to pay off or pay down any account issued by U.S. Bank National Association. Balance Transfer transactions do not earn rewards.

Interest Charges: If you take advantage of this offer, you may not be able to avoid interest on future purchases, even if your offer has a 0% APR.  You can avoid interest on purchases if you pay your entire account balance, including any balances you create with this offer, in full by your due date each month. The transfer amount accrues interest charges from the date it posts to your account.

Right to Change Terms: We may change APRs, fees and other account terms in the future based on your experience with U.S. Bank National Association and its affiliates as provided under the Cardmember Agreement and applicable law.

Consumer Payment Application: We will apply your minimum payment to balances with lower APRs first, including promotional APRs. Amounts paid over the minimum payment will be applied in the order of highest to lowest APR balances. For balances with the same APR, payments will be applied to the oldest balance first, which may reduce the length of a promotional rate offer.

Business Payment Application: We apply your payments to balances with lower APRs, including promotional APRs, before balances with higher APRs. For balances with the same APR, payments will be applied to the oldest balance on record first, which may reduce the length of a promotional rate offer.

Time Frame: It may take up to two weeks to process your Balance Transfer. Please continue to make payments to the accounts you have selected to transfer the balance from.