Lenders Allegedly Suspending Balance Transfer Offers

[pinkandgrey]

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@Brian_Earl_Spilner wrote:

Looks like the Everyday card is coming off my want list, at least for now. BT was the only reason I wanted it.

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Looks like I got in just in time. Crazy.

[M_Smart007]

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@pinkandgrey wrote:

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@Brian_Earl_Spilner wrote:

Looks like the Everyday card is coming off my want list, at least for now. BT was the only reason I wanted it.

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Looks like I got in just in time. Crazy.

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@pinkandgrey, You sure did

[yapsalot]

https://news.google.com/articles/CAIiEGoyuwpJVZuqSuCvKTKhlvQqGQgEKhAIACoHCAow2Nb3CjDivdcCMMHF0wY?hl=...

[Anonymous]

That doesn't surprise me at all, coming from Amex. The're not fond of traditional balances in the first place, so why would they be eager to aquire a blance from another bank?

I am curious to see how the whole industry changes due to this, it is afterall a very different situation that your typical recession. How do you restore jobs in an era where any physical contact is seens as taboo. 

[Brian_Earl_Spilner]

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@pinkandgrey wrote:

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@Brian_Earl_Spilner wrote:

Looks like the Everyday card is coming off my want list, at least for now. BT was the only reason I wanted it.

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Looks like I got in just in time. Crazy.

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I'm not sweating it. I just got Navy Platinum so I don't need a BT card at this point. I can't even maximize the intro BT offer because I haven't spent enough and I'm getting anxiety over letting a large balance post and paying off over time.

[M_Smart007]

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@Anonymous wrote:

That doesn't surprise me at all, coming from Amex. The're not fond of traditional balances in the first place, so why would they be eager to aquire a blance from another bank?

I am curious to see how the whole industry changes due to this, it is afterall a very different situation that your typical recession. How do you restore jobs in an era where any physical contact is seens as taboo. 

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Amex is definitely a "Transactor" if you will .. Money from swipes, AF's & possibly some high APR interest

[icednightpaper]

Local CU's can be the victor here, I got one with a low fixed APR (not unlike Navy for a lot of you around here), and one that offers unlimited 0% transfers. They implemented it just last year so I doubt they want to undermine everyone by suspending the feature now.

Regardless, I wonder how long it'll take for banks to start offering them en masse again. I doubt it'll be too soon after things settle down finally.

[Anonymous]

I'm still getting the Disco offers, but that's literally all I've used my card for in the last year or two.

In 4-5 years, I've taken and paid off a good half dozen BTs from them - perhaps that history plays a part. 

I just wish I had a higher limit with them. I'd like the flexibility of using another offer from them, but I'm at 26% util and don't want to move into a higher bracket until I've closed on my house.

My closing keeps getting delayed and I'm actually paying standard interest on some balances because I don't want to upset the apple cart (and am hoarding cash like mad and paying only minimums up until closing.)