BofA sent me some checks for 0% balance transfer until 5/2016. I called to use one, and was offered 0% until 12/2016 if I did it right then. So I did. He would have informed me if that required a credit check right?
Correct, no HP.
Now, for the up-front BT fee, you get 0% interest for, what, 18 months, and you have a basis for making your "more than minimum payments" each quarter to get your $25 bonus paid out.
Well played!
@JSS3 wrote:
Funny story.
I few days ago, I asked for a lower APR in Cap1 chat. They lowered it to 15% for 6 months. I then did a BT transfer to float a balance for a month at the same time. A few minutes later, I get an alert from Experian about a "new application". Cap1 pulled my report. Said it was a personal info/identity report.
First time that happened. Don't know which action caused it.
That is strange. I've never experienced any HP on BT, and I've done a lot of them. The temporary APR reduction also doesn't seem like it is worth a HP, seems like the bank would know it is temporary.
And this is a HP, correct?
@NRB525 wrote:Correct, no HP.
Now, for the up-front BT fee, you get 0% interest for, what, 18 months, and you have a basis for making your "more than minimum payments" each quarter to get your $25 bonus paid out.
Well played!
That was the idea, the rep said only $1 more than minimum would qualify for the bonus. So with the rewards effectively covering the BT fee, 18 months is pretty sweet.
I was a little thrown when he offered to open a new account by moving some of my current CL.. Called it a "companion card" to my current account. Wait, what? I said no right away just hope he wasn't sniffing around with any HPs while offering all this.