Should I use 5% BT offer (Discover)

[ShiningDown]

(I can't apply for any more cards) so should I take advantage of this 5% BT offer from discover?  0% for 12 months BT and 5% BT fee. Two of  my cards with balances  have 20% apr or more so is this a good deal for my situation.  I have around 800 I could transfer.

[webhopper]

Ya I would do it. In fact I did it earlier this yr

[greeneman21]

great offer, you should definitely take advantage of it. Perks of having a prime card.

[MarineVietVet]

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@ShiningDown wrote:

(I can't apply for any more cards) so should I take advantage of this 5% BT offer from discover?  0% for 12 months BT and 5% BT fee. Two of  my cards with balances  have 20% apr or more so is this a good deal for my situation.  I have around 800 I could transfer.

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It might be worth a phone call to see if they might lower that fee just a bit. I know offers constantly change but right now they are offering me a 3% BT fee.

Just a thought.

[SwampSystems]

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@ShiningDown wrote:

(I can't apply for any more cards) so should I take advantage of this 5% BT offer from discover?  0% for 12 months BT and 5% BT fee. Two of  my cards with balances  have 20% apr or more so is this a good deal for my situation.  I have around 800 I could transfer.

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I wouldn't take it. Right now they are offering me 0% for 18 months with a 3% transfer fee, or 2.99% for 18 months with no transfer fee. That offer popped up for me as soon as I was approved for CLI through recon. Maybe you could try for CLI and get the same offer.

[lanc]

Of course take the deal if the bt fee outweighs the interest.  It depends on how long it will take you to pay off the 800.  As other posters stated always call and ask.  I had Citi offer me 2% over the phone when the webpage said 3%.

I just logged into my discover account and they're offering me 1% transfer fee max $29 for 12 months.  I think they just randomly throw numbers at people...

[SwampSystems]

Apparently they really want me to take that BT offer...

...too bad the only balance I'm carrying is already at 0% on my Freedom card.

[cmthomas06]

Absolutely take it!

[compassion101]

If you are planning to pay minimums or a little more each month, then obv take it. You pay $40 for BT or $150ish over the course of the year in inte3rest. $40 is less

If you think you can get a better offer then try for the better offer first.