So right after I wrote up that walkthrough for the Citi 0% balance transfer process , I thought I’d do the same for Discover card. The only problem is that if you want to take advantage of their 0% balance transfer offers, you have no choice but to send a check to actual creditors – you can’t get a check sent to you (something Citi does do).
So, if you’ve been thinking about giving 0% balance transfer arbitrage games a try, I recommend that you first go with Citi cards and then, after those offers have expired or are expiring, go with a Discover card offer and pay off your outstanding transfer amount on the Citi cards.
Now, you might be thinking that you can just “pay off” a credit card with a $0 balance and then request the overage back to you but that card will likely flag your account, investigate, and generally take a few weeks before they’ll send you the overage. Then they’ll yell at you for doing it because, let’s face it, that’s pretty shady. It’s much easier to just go with Citi and get the check made out to you in the first place.