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I have amex and citi, and they have recently offered me 0% APR on balance transfers for 12 months, so be sure to ask for that. You'll still have to pay the upfront 3% transaction fee, but at least you save some on interest afterwards.
I have a BoA card, with 4.99% APR and 0 BT fee. It allows direct deposit.
Can I do BT first on the BoA card to a bank account, and then do BT from chase card to this BoA card? I may need to pay several days 4.99% APR though.
How many days it will take for the balance transfer from chase to BoA card?
I would wonder why you are trying to do this? I'm going to guess that the balance on the Chase card is much higher than the BoA card?
I am trying to sort out your last post. So you want to move money off the BoA card (cash advance) to your bank account. Then do a balance transfer from Chase to your BoA card? I'm guessing so that you can get the 4.99% APR? Yes you can do this as long as your available balance is high enough. I'm going to guess that the money you transfer from your BoA card to your checking account will leave enough of an available limit for the Chase balance transfer.
As far as moving the balance from Chase to BoA it will usually happen very quickly, maybe 1 to 3 business days on average.
Please keep in mind that when you move money from your BoA card to your bank account (cash advance) you will NOT get the 4.99% APR on that transfer. It is typically much higher (could be as high as 30% APR).
I hope I'm understanding why you are trying to do this. It seems like you are trying to access cash for a low interest rate? The example you used will not work for this purpose. The way you would want to do it is:
1. Balance transfer (cash advance) from your Chase card to your bank account.
2. Transfer Chase balance to your new BoA card at 4.99%.
This is assuming you have the available credit line at Chase to accomplish your goal.
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