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Regular Contributor
newbiewife
Posts: 184
Registered: ‎07-18-2013
0

BALANCE TRANSFER OPINION

IS IT A GOOD IDEA TO DO BALANCE TRANSFER? I GOT 9200 ON DISCOVER 0% 14MONTHS, BAL IS ONLY 254 WHICH WILL BE PAID SOON. AND THE OTHER CARD IS 603 BAL/2500 LIMIT. I WAS THINKING TO DO BALANCE TRANSFER SINCE I GOT A CHUNK OF LIMIT ON DISCO THAT IM NOT USING.


ANY ADVICE?


SORRY FOR CAPS LOCK :heart:

:heart: trying to reach 800! :heart:
Gardening till 12/14 :smileytongue:
Established Contributor
emptypockets
Posts: 986
Registered: ‎02-03-2009
0

Re: BALANCE TRANSFER OPINION


newbiewife wrote:
IS IT A GOOD IDEA TO DO BALANCE TRANSFER? I GOT 9200 ON DISCOVER 0% 14MONTHS, BAL IS ONLY 254 WHICH WILL BE PAID SOON. AND THE OTHER CARD IS 603 BAL/2500 LIMIT. I WAS THINKING TO DO BALANCE TRANSFER SINCE I GOT A CHUNK OF LIMIT ON DISCO THAT IM NOT USING.



If you would pay less in interest byt ransferring the balance (don't forget to account for the 3% BT fee) then i would consider it. But $603 is probably not even worth transferring, as you probably could pay that off fairly quickly, even on an account that is accruing interest. Probably quick enough to not make it worth the trouble to do a BT.


CC's: AMEX (4), Alliant Visa, PenFed AMEX, Nordstrom Visa,US Bank Cash+, Chase (5), Huntington Voice, UMB Visa, Nasa FCU Plat Cash Visa, Barclay's Visa, Citi (4), Discover IT, Walmart Discover, Sam's MC, Cabela's Visa, Cap One QS, BOA (2), BMW Visa, Comenity Visa/MC (3), Ebates Visa Siggy, 5/3 RLR MC, Macy's AMEX; Several store cards.

Current Scores: EQ (6/14): 800; TU MyFico (6/14): 814; Walmart TU Fico 08 (8/7/2014): 816; EX (6/14): 775
Valued Contributor
parakleet
Posts: 1,143
Registered: ‎04-13-2013
0

Re: BALANCE TRANSFER OPINION

Only you can crunch the numbers on your current balances and see whether there would be any savings worth doing a BT.


Gardening since 7/16/14
Current: EQ 711 7/13/14; EX 724 TU 721 6/19/14
Goal: 760+
Regular Contributor
newbiewife
Posts: 184
Registered: ‎07-18-2013
0

Re: BALANCE TRANSFER OPINION

Well. 603/2500 soon is going to have 18% geeepeeerssss.... my disco no fee on BT and 0% for 14 months. So what do u think and when I calculate the usage on the 2500, its 24% UTL.
:heart: trying to reach 800! :heart:
Gardening till 12/14 :smileytongue:
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Senior Contributor
myjourney
Posts: 26,526
Registered: ‎02-07-2013
0

Re: BALANCE TRANSFER OPINION


newbiewife wrote:
Well. 603/2500 soon is going to have 18% geeepeeerssss.... my disco no fee on BT and 0% for 14 months. So what do u think and when I calculate the usage on the 2500, its 24% UTL.

Hey Hey:smileyhappy:

The Discover has no BT fee am I reading you right if so then it's worth it to BT and pay no interest?

Plus your in the garden.... cough cough  and not doing apps ......better not be Lol

So you will have time to knock the balance down.

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012
0

Re: BALANCE TRANSFER OPINION

If Discover is no BT fee, no harm in moving it all over.  How long for you to pay down that 600ish dollars?

               LIMITS IN CARD DESCRIPTIONS
Regular Contributor
newbiewife
Posts: 184
Registered: ‎07-18-2013
0

Re: BALANCE TRANSFER OPINION

Guys. Discover says that I already missed my BT offers and its kinda like what??? :smileyconfused:
Geeeppeeerrsss! I know I have BT 0% for 14 months and now I don't have an offers... hmmmm
:heart: trying to reach 800! :heart:
Gardening till 12/14 :smileytongue:
Community Leader
Senior Contributor
myjourney
Posts: 26,526
Registered: ‎02-07-2013
0

Re: BALANCE TRANSFER OPINION


newbiewife wrote:
Guys. Discover says that I already missed my BT offers and its kinda like what??? :smileyconfused:
Geeeppeeerrsss! I know I have BT 0% for 14 months and now I don't have an offers... hmmmm

Don't even think about it ...LOL

So we need other options.

Can you pay a little extra per month?

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Regular Contributor
newbiewife
Posts: 184
Registered: ‎07-18-2013
0

Re: BALANCE TRANSFER OPINION

That's the only option. Ill just do that. I just want to use the full potential of my card. Hmmmmm :smileyfrustrated: ill just pay extra. Just want everything look smooth with my card. Especially on the day of tmy CLI. :smileylol:
:heart: trying to reach 800! :heart:
Gardening till 12/14 :smileytongue:
Established Contributor
sccredit
Posts: 858
Registered: ‎09-14-2012
0

Re: BALANCE TRANSFER OPINION

When did you open Discover? 

Unsecured Credit: Amex BCP $24,900; Chase Sapphire Preferred $24,200; Discover It $12,500; Chase Ink Cash $15,000; Chase Slate $13,500; Citi TYP $12,900; Amex SPG Biz $3,000; US Bank Platinum $8,600; DCU Visa $10,000; Logix FCU $15,000; Citi Home Depot $8,800; Lowes $5,000; Care Credit $6,000; Penfed Platinum Sig $16,000; Barclay Arrival Plus WEMC $5,000; Bank of America World Points Business Visa $8,000; US Bank PLOC Overdraft $1,500; US Bank Edge Rewards Business $10,000; PenFed PLOC $5,000


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