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Transfer Bal?

Valued Contributor

Transfer Bal?

i am thinking about transfering my capital one card to my freedom i have about $300 left any one think this is a good idea? or should i just pay it off. my last intrest charge was $8. my fee to transfer would be about $9. and then 0% APR. im looking to get rid of cap one soon anyways since i have AMEX chase and BoA


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
Last HP: 4/30
Message 1 of 6
5 REPLIES
Mega Contributor

Re: Transfer Bal?

I would just PIF and close it if you don't want it anymore. I wouldn't BT that small of a balance.



EQ FICO 548 3/3/16
Message 2 of 6
Established Contributor

Re: Transfer Bal?

i would suggest just paying if off as soon as possible without transferring and then close it if you want.  Unless you are interested in a Venture or other prime Capitol One card in the future, there's really not much need to continue your relationship with them, now that you have cards from Amex, Boa, and Chase.  I would close Capitol One and focus on those three.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Message 3 of 6
Valued Contributor

Re: Transfer Bal?


Koop10010 wrote:

i would suggest just paying if off as soon as possible without transferring and then close it if you want.  Unless you are interested in a Venture or other prime Capitol One card in the future, there's really not much need to continue your relationship with them, now that you have cards from Amex, Boa, and Chase.  I would close Capitol One and focus on those three.


i plan on it i am just going to close it before dec before my next AF hits. 


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
Last HP: 4/30
Message 4 of 6
Moderator Emeritus

Re: Transfer Bal?


afbar1114 wrote:

Koop10010 wrote:

i would suggest just paying if off as soon as possible without transferring and then close it if you want.  Unless you are interested in a Venture or other prime Capitol One card in the future, there's really not much need to continue your relationship with them, now that you have cards from Amex, Boa, and Chase.  I would close Capitol One and focus on those three.


i plan on it i am just going to close it before dec before my next AF hits. 


Just close it, don't BT, not worth it for such a small amount


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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Message 5 of 6
Frequent Contributor

Re: Transfer Bal?


afbar1114 wrote:

Koop10010 wrote:

i would suggest just paying if off as soon as possible without transferring and then close it if you want.  Unless you are interested in a Venture or other prime Capitol One card in the future, there's really not much need to continue your relationship with them, now that you have cards from Amex, Boa, and Chase.  I would close Capitol One and focus on those three.


i plan on it i am just going to close it before dec before my next AF hits. 


Pay it off and leave it open without using it. After the annual fee hits, call and ask to get it waived. If they will not, you can close the card at that point and you won't have to pay the annual fee as long as you haven't used it.

Message 6 of 6