Established Member
Posts: 22
Registered: ‎11-21-2008

consolidated credit cards

I just was approved for a NFCU card for 5k @ 11%. My question is I have 3 cards over 60% util. totaling about $4500  How would it effect my score to tranfer these balances all on this card? My highest is a Cap One $3500 @ 22%. I also have $1000.00 extra coming in at the end of Feb.

Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011

Re: consolidated credit cards

Its hard to tell but it would be a good idea since you can save money on interest..Just try to pay it off as soon as possible.

Regular Contributor
Posts: 150
Registered: ‎05-16-2007

Re: consolidated credit cards

+1. Youre paying $64/mo in interest on Cap1 and would be paying $32 on NFCU.

Starting Score: 475
Current Score: 649
Goal Score: 690

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