Balance Transfer question

[Drefrombk]

I just got a Citi card that offers 0% balance transfer and 0% APR for 12 months. I wanted to take advantage of the BT on MY BOA and Hooters card. I have 700 dollars balance on both. Do I have to close the cards if I do a BT? Does it look bad to the creditiors doing a BT? My limit on my Citi card is $5,500

[visorboy1974]

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@Drefrombk wrote:

I just got a Citi card that offers 0% balance transfer and 0% APR for 12 months. I wanted to take advantage of the BT on MY BOA and Hooters card. I have 700 dollars balance on both. Do I have to close the cards if I do a BT? Does it look bad to the creditiors doing a BT? My limit on my Citi card is $5,500

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Close the cards due to a BT?  No. 

Now if it was a debt consolidation loan it would be a totally different story. 

[203bravo]

It will simply look as if you made the payment to pay off your other cards and have a new charge on your Citi account.  This is nowhere on your credit report that shows BTs and the OCs will not close your account because they are transferred.

[Drefrombk]

Thanks for the info