New Visitor
Posts: 1
Registered: ‎12-19-2008

high APR balance buried under low APR balance

I goofed up big time. I transfered a balance at 3.99% APR to a card that already had a balance at 0% APR.  I thought that the 0% was for the life of the balance, but I was mistaken-- today I called to make sure, and it turns out the 0% APR expires this month, and goes up to 15%.  Both balances are around $10,000 each.


So now I have $10,000 at 15% APR buried beneath another $10,000 at 3.99% APR.  Is there anything that can be done about this (short of transfering all $20,000 to another card)? 

Epic Contributor
Posts: 25,552
Registered: ‎10-23-2007

Re: high APR balance buried under low APR balance

nope, you will have to transfer all 20k
Fico Scores: EQ- 670., TU 710 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
95 Cards and Counting Smiley Tongue
Frequent Contributor
Posts: 399
Registered: ‎04-30-2008

Re: high APR balance buried under low APR balance

[ Edited ]

You could try to obtain a short personal loan of $20,000.00 (30 to 60 days) where you handle your financial affairs and pay off Cap One. Once paid go back to Cap One and try another 3.99% balance transfer and pay off your personal loan.


Not sure the APRs for personal loans may be, but I would guess it would be lower than that 15% APR.


Sorry to hear of your dilemma.


Good luck

Message Edited by Cleanmachine on 12-19-2008 05:39 PM
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