Balance Transfer Advice

Anonymous — Fri, 10 Oct 2008 17:41:00 GMT

So, here's the deal. I have 3 credit cards with revolving balances: AMEX, Captial One, & Best Buy. I want to do a 0% BT for 12-15 months to consolidate the balances on the the AMEX and Captial One Cards.

Q1) Is this possible to combine balances on 2 cards to one 1 card?

I am going to pay off the Best Buy card before I do a BT.

Q2) Should I close the Best Buy card or keep it open, does this affect my FICO score? (heard not good to have more than 2 cards open)

Q3) Are there any CC with good BT options that you advise right now?

Please comment if you have any advice or experience in this matter. Thanks!

Message Edited by schen2 on 10-10-2008 10:41 AM

Re: Balance Transfer Advice

Anonymous — Fri, 10 Oct 2008 20:17:23 GMT

@Anonymous wrote:
So, here's the deal. I have 3 credit cards with revolving balances: AMEX, Captial One, & Best Buy. I want to do a 0% BT for 12-15 months to consolidate the balances on the the AMEX and Captial One Cards.

Q1) Is this possible to combine balances on 2 cards to one 1 card?

I am going to pay off the Best Buy card before I do a BT.
Yes, you can transfer balances from more than one card.

Q2) Should I close the Best Buy card or keep it open, does this affect my FICO score? (heard not good to have more than 2 cards open)
Keep it open if it has no fee! You heard wrong.

Q3) Are there any CC with good BT options that you advise right now?

Chase recently sent an offer for the Platinum MC with 0% no fee BT for 15 months. Associated bank is also offering a 0% no fee BT for 12 months.
http://www.citibank.com/us/cards/cardserv/associated/index.htm

Please comment if you have any advice or experience in this matter. Thanks!
Message Edited by schen2 on 10-10-2008 10:41 AM

topic Balance Transfer Advice in Credit Cards

Balance Transfer Advice

Re: Balance Transfer Advice