Moving Entire Balance to 0% Card; Needs Advice

Anonymous · ‎02-09-2009

I have good FICO scores 740 - 760 range but I have a large balance I'm paying interest on. I'm going to move it to a 0% APR deal for 12 months. My question is, is there a way to minimize the risk of my old card(the card I'm moving the balance from) having a CLD?

I don't want my old card to "retaliate" on me for moving my balance and have a CLD, which would hurt utilization %.

The old card is with BOA.

Any thoughts?

Anonymous · ‎02-09-2009

I can't say for sure that they won't CLD you, but I just moved a lage sum from BofA to CCCU and they did not CLD me. Hope that gives you hope!

Anonymous · ‎02-09-2009

thanks that gives me hope...who is CCCU? Do you keep your BOA active with a small charge every month?

Message Edited by urgent_help_needed on 02-09-2009 04:42 PM

Anonymous · ‎02-09-2009

urgent,

Yes always charge to stay active. But pay in full now. CCCU=Christian Community Credit Union.

Good luck!