cardjuggler said:Of course it would be nice if the QS is wrong. Please chime in with success or failure if you've tried to BT $10K or more onto a card (Citi or otherwise) with $1K or less CL!

I did $7k to a Citi Professional card with a $1k limit last month, and had no trouble with it. It took about a week to get the check in the mail from Citi after requesting the refund online.

How is that supposed to work? Your credit limit is only 6.5 K and you transfer 12K? Doesn't that put you over the limit and subject to all kinds of fees, etc?

akor said:I wonder how do you get promotional 0% BT checks from Chase?

Attempt #1: called Chase, asked to send me promotional 0% BT checks.
CSR confirmed they will be _promotional_ BT checks.
When the checks arrivied.. it said: "standard BT check APR"

Attempt #2: called Chase again, explained that I received standard BT checks,
instead of promotional ones. Asked for promotional BT checks.
CSR: I will send you convenience checks.
Me: Are they 0% BT checks?
CSR: yes, yes, they work as 0% BT checks, but there is no indication they are promotional checks.
Me: do you have promotional 0% BT checks not convenience checks?
CSR: No, I only can send you convenience checks.
Me: Ok, send me the checks....

Can somebody confirm that convenience (BT) checks from Chase work as promotional 0% BT checks?
What kind of checks did you use for 0% BT from Chase to get the promo rate 0% BT?

When I got my Sony Chase card in the mail, It came with a check. I called the CSR a dozen times to confirm it was a 0% BT check. I also viewed the Sony Chase account online to look for the 0% rate.
Today, the check cleared and I sent it to my GMAC MMA. It took 16 days to clear, which I think is ridiculous.

disseminate said:How is that supposed to work? Your credit limit is only 6.5 K and you transfer 12K? Doesn't that put you over the limit and subject to all kinds of fees, etc?
No; we're talking about the other direction, i.e. having a payment made from some other card to the Citi card, giving the Citi card a substantial credit balance. A refund can be requested via their Web site; no need to talk to a person (who might question why you have a large credit balance).

In general: there are two different uses of "from" and "to" for BT. Technically, a balance (debt) is transferred FROM bank #1 (the old card) TO bank #2 (the new 0% card). But it's more logical to talk about money being sent from bank #2 to bank #1 (to pay off the debt). Still, it's worth remembering the literal meaning of "balance transfer". In theory, banks don't want you to increase your total debt, they just want to steal debt from their competition, getting the profit from those who don't pay it off when the 0% rate expires.

Currently I am attempting my first AOR. I have already applied for several cards. And been accepted by some and I am continuing to wait on others.

I believe that I will receive new Chase, Suntrust, FIA, BOA, and Citi Cards. I currently have 2 Chase and 2 FIA Cards.

I initially wanted to send the BTs to my older Chase Card (a year old). That card would probably have around a 2-3k limit after I move some of my lines around. I am curious to see if you can send multiple BT to one Chase account and then get a refund check or have it sent to my checking. To me that seems pretty obvious something odd is going on.

Thanks for the help.

My wife just got a shiny new Discover card with a $50k CL, 0% APR for 1 year and $50 BT fee.

When I went to perform a BT to my Citi CC, I noticed it says:
"Note: You may only make balance transfers from accounts that list you as an Accountholder."

Does anybody know if Discover will actually verify the name of the accountholder or even verify that the other CC shows up on her credit report?

Thanks

mcmike522 said:My wife just got a shiny new Discover card with a $50k CL, 0% APR for 1 year and $50 BT fee.

When I went to perform a BT to my Citi CC, I noticed it says:
"Note: You may only make balance transfers from accounts that list you as an Accountholder."


Does anybody know if Discover will actually verify the name of the accountholder or even verify that the other CC shows up on her credit report?

Thanks

Why not just have your wife apply for a Citi card and BT to that card? You can then request for an overpayment check from Citi.

I requested a BT from AMEX to HSBC debit/mastercard last 7/2. according to AMEX the bt completed last 7/5. When i called HSBC they said they have no record of receiving any funds. I checked online and showed nothing. I've called both AMEX multiple times and confirmed the debit/mastercard card number was correct. What are other people's experiences when they do a BT to hsbc debit/mastercard? Does it really take long and does it really have no record on the hsbc's side for awhile?

I checked again today and still not showing up. Anyone have any suggestions on what to do to find out what's going on with the funds? I've called both parties numerous times and AMEX said its completed and hsbc received it but hsbc is saying they have no record of it....

mikeres, thanks for the reply. I called AMEX again and they told me to wait 15 business days. If after 15 days, it still hasn't showed up, then they asked me to call AMEX again. I'll request proof that transfer takes place if nothing shows up in HSBC side after 15 business days. I'll update the post after 15 business days. Hopefully AMEX is right that it really just took a long time.