topic Re: Balance Transfer help in Credit Cards

Balance Transfer help

pat0812 — Sat, 31 Jan 2015 18:00:03 GMT

I have around 50K CL on all my accounts together

I have only one debt of $5500 to AMEX and this month APR is starting for me so I had to apply for a 0% APR BT card.

I applied for chase slate and got $5000 so that was not enough so I applied for CITI SIMPLICITY and got $10,750

Now I'm wondering how much I should transfer to each.

I was thinking moving all to CITI is maybe better so on the chase card I could have a 0 balance ( i know citi has 3% BT fee but this is not an issue for me )

I want in the future to try to get a CLI on chase so would it be better to keep it on 0 ?

Which one of Chase and Citi is more easy to get CLI ?

What would you do in my situation ?

Re: Balance Transfer help

Anonymous — Mon, 02 Feb 2015 00:46:04 GMT

If it were I, I would move it all to Citi and run $0 on all other cards. Pretty sure most cards have that 3% xfer fee. I know on a regular basis my wife and I both get CLI fairly simply with Chase (though Sapphire cards)

Re: Balance Transfer help

Lyythine — Mon, 02 Feb 2015 00:50:45 GMT

IMHO, get the debt away from Amex - your plan sounds good, just make sure the BT is more than $11...