cap one bt

[jordy]

anyone have any input on the cap one bt's?

i read the terms and if it actually goes by the terms it seems like an ok idea...

would lower intrest rate on some of my debt...

any ideas? or dealings with it?.... thanks

[Anonymous]

Jordy, is this BT offered to you with no transaction fee?  The ones I get from Cap One are offered that way, and I've used them several times without any problems.

If Cap One's interest rates for your account are lower than where you currently carry a balance, I'd say go for it (as long as there's no transaction fee attached).

[Cleanmachine]

For what it’s worth.

 

I am currently finishing up on a 4.99 % Balance transfer this month.

 

Capital One just sent me another offer for 12 months at 5.99 %.

 

In my opinion, as it pertains to “my” financial needs, I believe it’s a fair offer.

 

The good news about the offer is that there are no Balance Transfer Fees.

 

I also receive offers of balance transfers from BOA, Citi and Chase all with fees associated with their respective offers. Some have limited time period for the transfer.

 

Key to these offers is to do the math.

 

Good luck

[jordy]

yes there is no transaction fee and the bt % would be roughly 11% lower than the card i would be transfering from...

[DI]

I used a BT check with them recently. No transaction fee. I paid them off within the month to avoid paying interest. 

[laz98]

no issues here either!  getting ready to do another soon, too.

[Anonymous]

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@DI wrote:
I used a BT check with them recently. No transaction fee. I paid them off within the month to avoid paying interest. 

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I've been doing since I 08 I pay my chase and discover card with BTs

[jordy]

one last question...

i was reading the terms of the bt

and is says the transfer rate would be the same rate as my existing purchase apr....which i assumed would be 14.99%....which will be my normal rate for purchases after my introductory rate of 0%...but the more i read it sounds like the bt would the the same as the purchase rate i have now...

if i did a bt now would it be 0% or the "normal" 14.99%?

or is the bt considered a cash transaction...

this has me wondering... according to the site it should be 0%...that would be awesome!....+ no transfer fee...wow!...

[MarineVietVet]

---

@jordy wrote:

one last question...

i was reading the terms of the bt

and is says the transfer rate would be the same rate as my existing purchase apr....which i assumed would be 14.99%....which will be my normal rate for purchases after my introductory rate of 0%...but the more i read it sounds like the bt would the the same as the purchase rate i have now...

if i did a bt now would it be 0% or the "normal" 14.99%?

or is the bt considered a cash transaction...

this has me wondering... according to the site it should be 0%...that would be awesome!....+ no transfer fee...wow!...

---

You have to read it carefully. I've had two recent BT offers from Cap 1. One offers a 0% interest for one year with a 2% transaction fee. The other has no transaction fee but the rate would be my normal 17.5%. I'm thinking about the first one but said no thanks to the second.

Just make sure you understand the terms completely before you decide to do a BT.

From a BK years ago to:
7/09 TU-742 EQ- 779
8/09 TU-765 EQ- 783
9/09 EX pulled by lender 802

You can do the same thing with hard work

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[Anonymous]

On my annual 2009 summary was nothing 10K+ worth of purchase checks BT at your normal rate has a grace period