Credit Cards Center Credit cards from our partners
New Visitor
Posts: 6
Registered: ‎02-18-2013

Re: Balance transfer question

when i spoke with discover about cancelling the card they said it was already reported

Established Member
Posts: 85
Registered: ‎02-08-2013

Re: Balance transfer question

You have all the information you need to make a decision. The only person it affects is you, so think about your goals and proceed as you see fit. 


Just know 99% of us on this forum would say to keep the card open, do the BT to save yourself money, and be happy you have 3 cards and that you got in with Discover. 

Total CL $179k | Budget Management | FICO Scores (TU 693) (EX 718) (EQ 729) | EIDT Me+Spouse Plan
Regular Contributor
Posts: 184
Registered: ‎02-06-2013

Re: Balance transfer question

[ Edited ]

I was in a similar situation...a small number of cards but a good CL total and one of those cards was the Amex Plat.  But I wanted a new 0% card in order to burn down some of the debt other cards over 18 months.  I seriously considered the Discover IT and the Citi Diamond Preferred before coming to the Penfed Platinum Rewards Visa.  It would allow the 0%/18 month balance transfer metric I needed and as a bonus, it would be the go to reward card for gas and groceries.  Best of all, they asked me during the phone application process, "how much did I want to transfer?". I told them I needed to be considered for a CL of 28k.  A day later they asked for income verification (easy) and I was approved two days after that.  It was a much better process than playing the lottery over at Discover and not getting a chance of saying how much I truly needed out of the gate.


If you decide to apply for another card, I'd still keep the Discover...nice rewards and shopping choices with that one.


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.

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.