hi, i would like to know your opinion on this. i have 6 credit card. today i just paid off 3 of them. still i have a total of 3475 in the two credit card with balance i have.. one of my credit cards is offering ten dollars transfer fee on balance transfers and 1.99 interest for 6 months, the credit limit in this acct is 4000. my question is : if i transfer my balance of 3475.00 to my 4000 credit limit card, would that hurt my fico score? i know utilization in that single cc will go up to 85-88 but i will have 5 cc with 0 balance. the reason for the transfer is high interest in my cc, will save about 60.00 per month. i know i will pay the transfer balance within the promotion period.
this is very important to me because i will be buying my first home very soon 6-12 months and do not want to lower my score a single point.
thank you to all in advance,
