dodgeman007, If the checking being ACH'ed to is a joint account, and the Chase card is just in my name, will Chase do the transfer?

Squeezer99 said:Let me know if I have this correct:

1) App-O-Rama to a bunch of different CC's with 0% interest balance transfer promotions
2) on apps, put my checking card # as the account to blanace transfer from
3) put the now deposited money on the checking account into HSBC or similar
4) at the end of the 0% balance transfer promotions, pay off the CC's and pocket the interest

do I have this correct?

Yes, but as noted in this thread a BT to a check card doesn't always work and can results in wrist slapping. An App-O-Ramma can screw up your credit, so be sure you know what your doing before trying anything.

Try this AOR Reading List and Where to put AOR Money

vamos said:i've managed to BT from my BofA card direct to ING. just gave my ING account number and mailing address and it showed up in about a week.
Q]

how did you do the BOA card direct to ING? Online or by phone? I tried doing it online to my Emigrant Direct account and got an error message. I tried calling and they said they can only balances from another card.

I've had them send out BT convenience checks on brand new accounts. Have you asked for them?

You'll want to reallocate your credit lines so that you have the bulk of it in one card, $500 left behind on the other two. Obviously pick the card that has the best terms...longest 0%, lowest cap on fees, etc.

No sense in getting hit with $75 fees three times. That'd be stupid.

Just have them write the check to your local bank. Give them your checking account number and bank branch address and they can mail a BT check directly to the bank (just like they would if you were paying off a personal loan).

It should be at your bank in about 10 Days.

I think it largely depends on the bank you are with, and not as much as with Chase. Chase will just cut a check to the account number you provide and send it to your bank. It is up to your bank to decide whether to deposit it into your bank account by referencing only the number from your debit card.

I can confirm that transferring balances to an AAA M/C or Visa (issued by MBNA) is a workable (though onerous) means to accomplish the task at hand.

Caveats:

1. AAA limits travelers cheque purchases to $10,000 per day, and the purchaser's Social Security number is required for purchases over $3,000. Some AAA offices stock $1,000-denomination Visa travelers cheques, others only $500's. On a bad day, only $100's will be available, which makes for a lot of signing and countersigning. If you plan to return to AAA a few days in a row to purchase additional chunks of $10,000 in travelers cheques, call MBNA in advance to alert them to your intended activity, lest their security-minded computer barf on you while in the AAA office. And allow plenty of wait time in most urban AAA offices; there is no longer a separate line for travelers cheque (or other purely financial) purchases in many branches.

2. Most checking accounts (> 30 days old and in good standing) will allow you to deposit up to $5,000 in travelers cheques without a hold (or one day-hold at the most). When purchasing blocks of $10,000 per day, split your deposits into two accounts at different banks or in different names (spouses, for example), or do so on consecutive days. You can then use USAA to transfer funds to your high-yielding money market du jour. (Keep in mind that most banks are unfamiliar with Visa travelers cheques, vs. AMEX, and will scrutinize them.)

Both PenFed and USAA have good CC's with no balance transfer fee checks and no cash advance fee. Unfortunately, USAA also has good 0% BT offers so my CL there is usually maxed. Get a cash advance on your PenFed VISA card just before requesting the BT from Chase or Citi or wherever. The cash advance goes into your checking. Both offer pretty high limit cards (>$20K).

arouncoumar said:ForSpud.. Why not transfer the balance from Chase to Pendfed and then request a cash advance? This way you wont be hit with any interest on cash advances if BT from Chase gets delayed.

Read above....some Credit Union CC's don't like big credits on your account that then get drawn out. I don't wanna chance it with my PenFed CC ... I get 1.25% back on all purchases so I use it a lot for non-gas, non-grocery purchases. The extra interest I pay while waiting for a BT is nominal, especially when timed properly. I should have been more accurate in my above post...I request the BT and then in a few days get the cash advance...it usually takes about a week for the BT to post.

What is their limit on Cash Advance ? Do they allow CA till CL ?

ForSpud said:arouncoumar said:ForSpud.. Why not transfer the balance from Chase to Pendfed and then request a cash advance? This way you wont be hit with any interest on cash advances if BT from Chase gets delayed.

Read above....some Credit Union CC's don't like big credits on your account that then get drawn out. I don't wanna chance it with my PenFed CC ... I get 1.25% back on all purchases so I use it a lot for non-gas, non-grocery purchases. The extra interest I pay while waiting for a BT is nominal, especially when timed properly. I should have been more accurate in my above post...I request the BT and then in a few days get the cash advance...it usually takes about a week for the BT to post.