Should I open a new joint credit card
01-11-2013 06:54 AM
Hey all - advice please,
I am moving to europe for a year and am worried about the 3% foreign transaction fee that our joint credit card charges, If we spend $40K on our card each year, that is $1,200. Is it worth the hassle and credit impact to new joint capital one card with 0% foreign transaction fee?
Our credit history
2002 $10K car lease, fully paid all on time
2006 $10K car lease, fully paid all on time
2008 $30K student loans - currently being paid, no late payments
1 joint credit card - opening 2008 $9K limit average balance $3,000
3 individual credit cards (2 me, 1 her) 5, 8 8 years old - total utilization $2K/$16K
Maybe 2 late payments over the last decade.
I dont know my/our score
Now that I think about it, I may just suck it up and pay ~$1,200. Also we can try and use debit/cash more to bring that number down.