Best Buy to Citi credit card balance transfer?

Can I transfer the balance from a relative’s Best Buy credit card (APR 20.99%) to a new Citi credit card (APR 0% for 6 mo. on buys and balance transfers) without having to take a cash enhancement on the Citi credit card?

Answer by Jessica
A balance transfer is essentially a cash enhancement. Citi needs some incentive to allow you to use their money for free for six months and the balance transfer fee is it.

Keep in mind also that if your balance is not paid off in full in six months you could get charged all of the interest that would have accrued during that six month grace period.

Answer by Krissy H
Yes. Even if you are not on their account, as long as you have the Company Name, Account Digit, Billing Payment Take up, and Balance Transfer quantity, you can do it.

A balance transfer in an incentive to get you to come to their company. 0% for 6 months is not terrible. I would look for one that has at least 0% for 12 months that way you have more time to pay it off with out interest. What you need to look at also is the Balance Transfer Fee. Some companies will charge you 3 or 4 % of the quantity that you transfer.
Example : you do a balance transfer for $ 3000 with a 3% balance transfer fee that would be a fee of $ 90 for you to pay. Some times the fee is worth it if your current interest rate is sky high.

A cash enhancement would be taking cash out of an ATM or putting it in your bank account.

ALWAYS READ THE FINE PRINT on the back FIRST!

Answer by Kevin S
I’m not sure you can transfer from a relatives account to one of your own (you never specified who the Citi account belonged to). You would need to either be an authorized user on the Best Buy account or your relative would need to be a user on the Citi account (assuming it was yours).

As someone else said, make sure you pay off the balance (including transfer fee) within the 6 mo. timeframe. Also, avoid adding any new charges (buy/other transfers), as Citi may apply payments to the new balance and not the transferred balance, thus subjecting the transfer to interest if not paid off.

Know better? Leave your own answer in the comments!

Epic Fireworks – fab fireworks bought only from the best


Image by EpicFireworks
www.epicfireworks.com/
The Leading Wholesaler Of Fireworks In The UK
Open All Year Round – 7 Days – 10am – 4pm
The Leading Range Of Fireworks In The UK
All Fireworks Less Than Half Price
The Leading Fireworks Showroom In The UK
Established Over 15 Being
Free Delivery
Online Store
Custom Built Packs Available
Free Parking
All Major Credit Cards Accepted
Fireworks For All Occasions
Best Service
Buck Prices Guaranteed

i have no credit and no job. i’m a college student and i get Social Security Income (SSI). can i start/build my credit with a Best Buy credit card? i’m not sure how to start building my credit. i know i have to do like a $ 300 deposit and build on that but is it a excellent thought to get a best buy credit card or should i go with a credit card company? i know you need credit to get anything now these days

Answer by Chris
best buy card will work, just becareful bc there intrest rates are very high

Answer by David
like the guy above me said…

it will help buy the instrest rates are very high… i wouldnt recommend it..

Answer by stan c
Best Buy is fine but make sure that belong to the credit chest of drawers.

Answer by Dan
Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments – creditreport.imess.net

What do you reckon? Answer below!
Jeff Reeves: 5 reasons I can't sell B. of A. — should you buy?
Bank of America may not be a excellent buy for everyone. Heck, it may even be a excellent sell for many of you who now own it based on your investing goals.
Read more on Promote Watch

You are cordially invited to Nicole’s Sweet 16

Price: $ 1.99

BREAKING NEWS APPLE MAGICALLY REVERSES NO-CASH POLICY AND NO EMBRACES CASH STRATEGY MODEL said it would allow cash at any of its stores as long as customers chose to setup their Apple IDs at the store. Senior VP for retail Ron Johnson said he called Campbell personally he also promised Apple deliver her iPad for free with case, for her distress. Apple Store No-Cash Policy on iPad Magical Experience No Cash Credit Card or Deduction Card Vital. pple no-cash policy for iPad make sure to bring credit card to Apple Store they don’t take cash and they swipe the card on their iPhone and if you want a receipt they pull it out from under the table at the end like magic limit 2 ipads per customer. It was a revolutionary and magical experience, Best Buy, they take cash