Should I Balance Transfer?? Advice would be greatly appreciated
This is my first post. I am a 23 year old and I am trying to payoff my debt to start saving for a down payment on my first home.I have never been late on a payment and keep constant tabs on my finances, but I definitely would appreciate some feedback.
I will definitely have the Discover/ Amex cards paid off by the time the promos end.
My main concern is the high balance on the Citi card. I recently called and balance transferred my Car balance with no transfer penalty at 3.99% for the duration. This is the breakdown of the Interest Rates.
$2,443.70 -> 2.99%. Promo Expires 02/23/2009
$3,150.00 -> 3.99% BT – Duration
I have a Merrill Lynch Card I opened with a Balance Transfer offer of 1.99% until 08/09, cap of $75 fee. Do you think it’s worth balance transferring to the ML Card? Should I attempt to get a 0% card.