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HI folks, i need advice what todo about transfering 2 credit card balances ..
I owe Discover like $15,000 , its $5,000 over its limit, i only have $10k limit ,
plus i have a Mastercard with a $25,000 lmit that is at its maxed
ive been paying the minimum payments for 5 years on these and i have the same $50k annual steady job for 35 years, great credit other than these 2 credit cards
is it possible or realistic to transfer my 2 credit cards outstanding balances to 1 NEW credit card and then be included in some promotion that would give me like 12 months interest free , so that if i do that, i will have like 12 months to try & pay these off and then each montly payment will then goto the principal instead ot he interest monstly that its going to currently??
DOes anybody know the best offers out there for my situation of wanting to transfer my 2 credit cards ?? any good promitons i should look into it ??
I appreciate any help or advice about how to transfer these balances to another promtional interest free card offer..
Ive NEVER done this before, im very new to the credit card world other than just using them these past years for family emeergencies and now im at my limits...and over
and HATE being sucked into only being able to afford the bare minimums which are CLEARLY all interest..
thank you for any help....
Chris
@christopher_cappan wrote:HI folks, i need advice what todo about transfering 2 credit card balances ..
I owe Discover like $15,000 , its $5,000 over its limit, i only have $10k limit ,
plus i have a Mastercard with a $25,000 lmit that is at its maxed
ive been paying the minimum payments for 5 years on these and i have the same $50k annual steady job for 35 years, great credit other than these 2 credit cards
is it possible or realistic to transfer my 2 credit cards outstanding balances to 1 NEW credit card and then be included in some promotion that would give me like 12 months interest free , so that if i do that, i will have like 12 months to try & pay these off and then each montly payment will then goto the principal instead ot he interest monstly that its going to currently??
DOes anybody know the best offers out there for my situation of wanting to transfer my 2 credit cards ?? any good promitons i should look into it ??
I appreciate any help or advice about how to transfer these balances to another promtional interest free card offer..
Ive NEVER done this before, im very new to the credit card world other than just using them these past years for family emeergencies and now im at my limits...and over
and HATE being sucked into only being able to afford the bare minimums which are CLEARLY all interest..
thank you for any help....
Chris
your chances of getting approved for a new credit card while having 2 cards maxed out (1 overlimit) is extremely slim.
It's best that you talk to a banker at a bank / CU where you already have established banking relationship and see if they can do anything to help you about this. If you are to try open a new account with a bank that has no prior relationship with you, chances are pretty moot.
good promotions for BT cards are Chase Slate (0% fee, 0% APR for 15 months) and Chase Simplicity (18 to 21 months 0% APR offer, depending on what link / promo u use). There are also many other cards with 12-15 months 0% APR promo, such as Barclays cards, Chase Freedom, Citi cards, BofA cards, etc.
Your best bet right now might be to get a personal loan.
@christopher_cappan wrote:HI folks, i need advice what todo about transfering 2 credit card balances ..
I owe Discover like $15,000 , its $5,000 over its limit, i only have $10k limit ,
plus i have a Mastercard with a $25,000 lmit that is at its maxed
ive been paying the minimum payments for 5 years on these and i have the same $50k annual steady job for 35 years, great credit other than these 2 credit cards
is it possible or realistic to transfer my 2 credit cards outstanding balances to 1 NEW credit card and then be included in some promotion that would give me like 12 months interest free , so that if i do that, i will have like 12 months to try & pay these off and then each montly payment will then goto the principal instead ot he interest monstly that its going to currently??
DOes anybody know the best offers out there for my situation of wanting to transfer my 2 credit cards ?? any good promitons i should look into it ??
I appreciate any help or advice about how to transfer these balances to another promtional interest free card offer..
Ive NEVER done this before, im very new to the credit card world other than just using them these past years for family emeergencies and now im at my limits...and over
and HATE being sucked into only being able to afford the bare minimums which are CLEARLY all interest..
thank you for any help....
Chris
Stop if your credit is good take out a personal loan at better low int% rates and take a fixed monthly payment pay off CC's, cut up cards.. sorry but true
BT's won't help you if you don't make a plan to be debt free .....by this date 7/24/?
if you own your own house and have equity. this might be a good solution as they look at everything not just credit cards. besides a 0% card i dont think you'll find a better interest rate depending on what you qualify for.
Do you know what credit score your at? For any bureau?
Current: Fico ScoresEQ~706 TU~719 EX 709 4/28/23 Inquiries (24 Months): EQ 0 TU 0 EX 0| Most Recent: A LONG WHILE | Buy A Home Earn Cash Back | Amex Zync(Unicorn) Chase Freedom$1500 Discover IT$7,400 Citi DC $10,000 Citizens Mastercard$7,000 |
@christopher_cappan wrote:HI folks, i need advice what todo about transfering 2 credit card balances ..
I owe Discover like $15,000 , its $5,000 over its limit, i only have $10k limit ,
plus i have a Mastercard with a $25,000 lmit that is at its maxed
ive been paying the minimum payments for 5 years on these and i have the same $50k annual steady job for 35 years, great credit other than these 2 credit cards
is it possible or realistic to transfer my 2 credit cards outstanding balances to 1 NEW credit card and then be included in some promotion that would give me like 12 months interest free , so that if i do that, i will have like 12 months to try & pay these off and then each montly payment will then goto the principal instead ot he interest monstly that its going to currently??
DOes anybody know the best offers out there for my situation of wanting to transfer my 2 credit cards ?? any good promitons i should look into it ??
I appreciate any help or advice about how to transfer these balances to another promtional interest free card offer..
Ive NEVER done this before, im very new to the credit card world other than just using them these past years for family emeergencies and now im at my limits...and over
and HATE being sucked into only being able to afford the bare minimums which are CLEARLY all interest..
thank you for any help....
Chris
BOA is offering 0.00% APR on balance transfers good thru 11/2014. However, there is a 3% transaction fee.