Advice: Should I transfer high int balance to my Discover?

appstate — Fri, 19 Oct 2012 13:25:07 GMT

Hello-

For the past two years I've been working to pay down my debt on 4 credit cards.

Card Bal APR

Citi $2225 22%

Cap1 $ 850 23%

WF $2175 27.79%

Disc $4300 23%

I've asked for rate reductions with no luck. I did have a hardship program w/ Disc that expired in Jan 12.

I did just speak w/ a Disc rep and I'm elligible for a balance transfer. I have two options:

1) 0% APR on balance transfer for 18 mo. w/ a 3% transaction fee, OR

2) 4.99% APR on balance transfer for 24 mo w/ no transaction fee

I'm thinking that I should transfer my WF balance to Disc since that's the highest APR at 27.79%

Thoughts?

Thanks in advance!

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