Does a BT look worse to a creditor than PIF?

[Cashbackjunky]

I have about $3k on my sapphire and I COULD pay it off in full, but it would leave me strapped for cash.

My question is, if I BT that to my BofA card will this look "worse" in any of my present (or future) creditors eyes. (Might look like I can't pay for my debt, when in reality I can).

Normally I would just pay it in full and not worry about being strapped for cash because I had a big savings - as some of you may have seen, I just recently got engaged and the ring completely depleted my savings.

Any and all help is appreciated.

Let me know if you guys need more info.

Cheers!

[Cashbackjunky]

Please excuse my ignorance on the topic as I've never had to think of a BT.

Cheers!

[Gmood1]

Unless you were doing the BT every month... shuffling debt. I don't think it is a big deal at all. People do this all the time. A word of advice, never leave yourself depleted of funds over things that aren't a necessity.

Put that sucker on layaway or something. Lol

Bad things happen and give no warning.. always CYA.

[Anonymous]

I use balance transfers fairly often. I don't think it's an issue unless you're trying to find a way to avoid dealing with debt. If you have to transfer the same debt more than once or twice and the balances don't seem to be going anywhere, consider going to see a debt counselor. If you're using using 0% transfer offers strategically, then I wouldn't be worried.

[Anonymous]

I will add, however, if you need/want to apply for credit around the same time you are doing a BT, do note that there could be a chance that the balance shows up for two creditors simultaneously. That is a temporary situation however.

[Cashbackjunky]

@Gmood1, I will note that I still have upwards of $10k saved up, is just not as much as I'd like. 😊

I put the ring on layaway for a bit, but just couldn't wait to get engaged to the love of my life (sorry for getting mushy)

Cheers!

[Gmood1]

---

@Cashbackjunky wrote:
@Gmood1, I will note that I still have upwards of $10k saved up, is just not as much as I'd like. 😊

I put the ring on layaway for a bit, but just couldn't wait to get engaged to the love of my life (sorry for getting mushy)

Cheers!

---

The sugar just oozed out on to my keyboard..yuk! Lol

Oh I understand... the money part that is. I'm older and life has hardened me from the love stuff. Lol

We'd have to wait on this kid to get his duckets in order before anything. 😂😂😂

[Anonymous]

They wouldn't offer balance transfers of zero percent constantly if they frowned upon it.  I would get a zero percent intro rate with zero transfer fees and transfer away. And they want you to not pay it all and carry a balance.  That is how they make money.

[CreditInspired]

Another question. When one does a BT, what percentage of the CL should remain on the card? I'm thinking of a BT too but don't want to max card out.

[Gmood1]

---

@CreditInspired wrote:
Another question. When one does a BT, what percentage of the CL should remain on the card? I'm thinking of a BT too but don't want to max card out.

---

No more than 30% used of that card's limit, the same that applies with normal charges.