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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
Name:
EMBRACING CHANGE
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is transfering a cc balance to a new card still a good idea?
we're working hard on paying down consumer debt. we have three credit cards left. one of the three is really killing us. is it still a smart move to get a new card to transfer the funds??
i've never done it before.
tia
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Posted 2/24/08 10:55 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: is transfering a cc balance to a new card still a good idea?
DEFINITELY!!!!!!!
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| Posted 2/24/08 10:56 AM |
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Shellyfj
LIF Adolescent
Member since 8/07 744 total posts
Name:
Shelly
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Re: is transfering a cc balance to a new card still a good idea?
of course!
I dont see why there would be a problem.
There are a lot of 0% APR and balance transfer offers around.
It could save you a bundle
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| Posted 2/24/08 11:09 AM |
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Alli06
Baby #3 coming this June
Member since 8/05 6721 total posts
Name:
A
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Re: is transfering a cc balance to a new card still a good idea?
DH and I have bought done this in the past and it worked out great. We where able to pay them off alot quicker. That 0% APR is a wonderful thing!!
Message edited 2/24/2008 11:13:46 AM.
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| Posted 2/24/08 11:12 AM |
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NewlyMrs
Laugh-Live-Love LIFE!
Member since 10/06 14432 total posts
Name:
Jennifer
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Re: is transfering a cc balance to a new card still a good idea?
absolutely! Why pay a finance charge every month, when you can put that towards your payment???
usually there is a one time transfer fee.
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| Posted 2/24/08 11:13 AM |
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chris605
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Member since 5/05 3205 total posts
Name:
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Re: is transfering a cc balance to a new card still a good idea?
Definetly.....
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| Posted 2/24/08 4:33 PM |
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LightUpOurLife
Totally in love
Member since 8/06 12785 total posts
Name:
Bonnie-Jean
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Re: is transfering a cc balance to a new card still a good idea?
yup!
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| Posted 2/24/08 4:34 PM |
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BlueDiamonds
mommy to 3 boys
Member since 2/07 3885 total posts
Name:
proud mommy
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Re: is transfering a cc balance to a new card still a good idea?
generally 0% transfers are a good idea. definitely check the fee and make sure you will save at least that much in interest. and also check the APR of the new card after the promotion ends. you don't want to transfer onto a new card that will have a higher APR after 6 months or so.
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| Posted 2/24/08 7:19 PM |
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HeathKernandez
Our Ron is an awesome Ron
Member since 4/07 9091 total posts
Name:
baby fish mouth
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Re: is transfering a cc balance to a new card still a good idea?
I do this all the time.. and it has actually raised my credit score. Be sure to keep up with your payments and when possible pay MORE than the minimum...
I use CC balance tranfer offers from different cards with low aprs...
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| Posted 2/24/08 7:41 PM |
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