Credit Card Center Advertiser Disclosure

Posts: 106
Registered: ‎07-15-2011
0 Kudos

Re: BT from Discover to Citi to Discover?

AzHeather is asking a spectacular question....because I just assumed her new Discover More would take MY Citi card balance. I HOPE IT CAN! I really am wanting these transfers to work so my credit utilization extremely lowers. Plus she's excited to have a great card. Does anyone know the answer to her question?
Regular Contributor
Posts: 174
Registered: ‎06-21-2012
0 Kudos

Re: BT from Discover to Citi to Discover?

heytherehitherehothere wrote:
All I know is I can't stand having this More card near its limit.
So cmthomas06,
what APR does Discover put my card at when they estimate on the statement that it'll take 13 years to pay off that balance with a monthly minimum of $71?
Or it'll take 3 years to pay off at a monthly amount of 126?
Thank you so much for the help.

You are very welcome Smiley Happy interest charges and other specifics get pretty complicated; it took me a while to understand it all, and Im still learning lol 


The APR they are going to use is going to be the standard APR. This monthly percentage is the APR / 12 months; so in your case, 1.5%  of the balance. The reason its going to take 13 years to pay it off with monthly payments of $71 is because only  ~$18 is actually going towards paying  the balance - the rest of the payment is taking care of the interest they are charging you. Thats why loans / CC end up costing far more if you take a while to pay down. Its not uncommon to take out a $50k loan and end up paying >$60k in the long run. 


As for transferring to another person's card, I have never done it before but I dont see why there would be a problem. When you do a BT, they just ask for the account number and Bank. 


Ex 752 (Amex) Tu 758 (Walmart) Eq 703
Goal: 750+ on all
Current Cards: Cap1 Cash Back; Chase Freedom; Chase Amazon; Citi Thank You; Citi Forward; Discover iT; Amex Zync; GE WalMart; BoA 3-2-1

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.