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Balance Transfer Advice

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luckydiva95
New Contributor

Balance Transfer Advice

I was approved for the Amex Everyday with a credit line of $5,000. Should I balance transfer my Credit One balance of $800.00 to my Amex or just pay it off ? I've held onto my Credit One card way too long, I'm way past the rebuilding phase now. It's the only card that I have that has crazy fees.

Capital One QS $8,000| Credit one $3,150| Capital One Secured $500| Barclay View $6,250| Amazon Chase $2,700| Discover It $12,100| AMEX Everyday Preferred $15,000| Wells Fargo Active Cash $7,500| AMEX Blue Cash Preferred $17,900| Apple Card $4,000| Best Buy Visa $5,000| Citi Custom Cash $6,500| Chase Sapphire Preferred $9,500|Chase Unlimited Freedom $9100
Message 1 of 3
2 REPLIES 2
Chris679
Established Contributor

Re: Balance Transfer Advice

Pay it off, close Credit One, give yourself a high five. 

Message 2 of 3
Dcyphrz
Established Member

Re: Balance Transfer Advice


@Chris679 wrote:

Pay it off, close Credit One, give yourself a high five. 


That.  Do exactly that.  And do one of those "jump in the air chest bump" things too.  That'll be funny as hell to anyone watching.  LOL

Message 3 of 3
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