Comments on: Citi 0% Balance Transfer Process Walkthrough

By: Sam

Sam — Tue, 09 Jan 2007 23:34:54 +0000

I work for citi cards…. And if you call to check for a balance transferr and there are no offers on our acctount. We can request one to be put on the account… when that happens WE ARE REQUIRED TO TELL YOU A CREDIT CHECK MAY BE DONE. And it is very untrue that we cannot send a balance transfer check to the cardholder… We can and mot of the time we get commision for doing it, so im not sure why any rep would tell nyone no we cannot. The only thing we do not allow is to xfer a balance fro another citi account.

By: jim

jim — Tue, 09 Jan 2007 13:29:04 +0000

Joe – The only thing I’ve ever done is deposit the money into a high yield savings account where the principal is protected and I’ve never experienced any problems paying a balance transfer back. I don’t see how it would be any different than any balance at a credit card though.

By: Joe

Joe — Tue, 09 Jan 2007 12:58:42 +0000

You forgot the 2nd half of the balance transfer money. What to do with the money when you get it and the pitfalls you may encounter when trying to pay it back.

By: jim

jim — Tue, 09 Jan 2007 12:37:29 +0000

lamps: 1) Whenever you apply for a credit card, the lender will check your credit. Once you have the card, they will not check your credit if you request a BT (to my knowledge). 2) How hard that is depends on your credit but I compiled a list of 33 credit cards with 0% balance transfer offers (17 have no fee) and your best bet is to start there. 3) Usually the 0% rate and the no fee provision is a teaser for new cardholders, you may have to apply for a new card to get it. Otherwise, excellent credit will usually only give you a decent rate with no fee at best. 4) If you really want a 0% balance transfer without a fee and Citi Dividend Platinum Select Card isn't offering it, I would have to say that you would need to apply for a different card to get a 0% rate. You'd have to compare the offer the Citi Dividend Platinum Select Card is giving you to the drawbacks of applying for another card.

By: lamps

lamps — Tue, 09 Jan 2007 09:08:26 +0000

Good post, but I have few questions in mind: 1) When you request a BT offer, will the bank check your credit score, such that they will offer you different options? 2) Is it really hard to get a Credit Card with 0% APR and NO FEE on BT? 3) My Credit should be Excellent; however, I tried it once BT Offer on my Citi Dividend Platinum Select Card; didn't get the 0% APR and NO FEE. 4) I have no idea why they dun offer me that, should I just go apply another credit card? any suggestions?