Credit Cards

[SnackTrader]

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youngandcreditwrthy wrote:
Dang.... If that's the case then I may just pay it off lol.. It just kinda sucks cause once I pay that, I won't really have any cc debt to continue building my credit history. Hmmmm

Have yall heard of Barclay's extending 0% offers? Like for an extra couple of months? Lol

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I'm confused about what you mean here...

There's no reason your credit history stops if you don't have debt.  I and many, many other people have never carried a credit card balance in their entire life and continue to build credit history with on time monthly payments.  I just hope you aren't getting the wrong idea from this forum on the credit game.  Sure, you want your reports to look good, but they will look best with long term responsible credit use. 

You would be making the right personal financial decision to pay off the debt before it gains interest, if you are able.  Why pay a $40 transfer fee?  Save the $40, buy yourself and your significant other a nice dinner.

[negg]

Barclayscard is offering bal transfers till nov 1st. 0% interest if paid off bye 12-1-13. 3%transferfees 

[Jazzzy]

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SnackTrader wrote:

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youngandcreditwrthy wrote:
Dang.... If that's the case then I may just pay it off lol.. It just kinda sucks cause once I pay that, I won't really have any cc debt to continue building my credit history. Hmmmm

Have yall heard of Barclay's extending 0% offers? Like for an extra couple of months? Lol

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I'm confused about what you mean here...

There's no reason your credit history stops if you don't have debt.  I and many, many other people have never carried a credit card balance in their entire life and continue to build credit history with on time monthly payments.  I just hope you aren't getting the wrong idea from this forum on the credit game.  Sure, you want your reports to look good, but they will look best with long term responsible credit use. 

You would be making the right personal financial decision to pay off the debt before it gains interest, if you are able.  Why pay a $40 transfer fee?  Save the $40, buy yourself and your significant other a nice dinner.

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I agree....transfer fees are expensive, and I often see people focus only on the 0%. These offers are far from 0% once you've paid the transfer fee.

You don't have to owe money to build your credit. Just use the credit wisely. And the wise thing to do here is to pay off the balance instead of paying another transfer fee. And your money isn't earning enough in the bank to justify the cost of the transfer fee.

[maiden_girl]

The only fee-less BT card I know of is the Chase Slate. There's no balance transfer fee and they offer 15 month 0% APR. Most banks do charge the typical 3% fee based on balance transfered

[youngandcreditwrthy]

There shouldnt be any confusion...

I'm not getting the wrong idea.

I know.... I would just hate to be denied anything in the future for not using enough of my avail cred lol.... but I suppose you are right :-)

Thanks!

[youngandcreditwrthy]

I know all about the bt fees, and I'm in the garden .. so no Slate for me...

weird though... Barclay's has a new offer for me.. 3.99% til 07/2013.. and a 4% fee. HAHAHA I'm just gonna pay them off.... no sense in dealing with that. I just hate not having as much cash in the bank.. but I suppose sacrificing liquidity for being debt free is the usual tradeoff haha... because if I don't have debt, then I don't need to be as liquid since my expenses are much lower hahaha.