topic Re: Balance transfer? in Credit Cards

Balance transfer?

Anonymous — Tue, 23 May 2017 19:08:33 GMT

I have a card with about 2k balance... should I apply for a new card and take advantage of no interest? My fico score is roughly 722.

Re: Balance transfer?

AverageJoesCredit — Wed, 24 May 2017 00:25:23 GMT

You could but essentialy we know nothing about your current profile and situation beyond your score. Its hard to offer solid advice based soley on the info given. Do you have the money to pay it back now.? Do you actually need another credit card? Does any of your other cards offer bt options?

Re: Balance transfer?

Anonymous — Wed, 24 May 2017 05:25:44 GMT

@Anonymous wrote:
I have a card with about 2k balance... should I apply for a new card and take advantage of no interest? My fico score is roughly 722.

No. If you have no other means to pay this in full, or move it to another card for a few months, you have bigger fish to fry. Get established with a credit union that has a card with low/no BT fees and single digit fixed interest. Also make sure you have at least 6 months of an emergency fund (ideally 1 yr), and have a high yield checking account that pays you 3-5% interest on your balance.

The amount of interest you would pay on this is not worth the hard inquiry. At least to me.

Re: Balance transfer?

Anonymous — Thu, 25 May 2017 15:39:57 GMT

Ok. Good enough for me Yeah, I could pay it off in a few months, I just wasn't sure. Also, PROBABLY better to minimize the hard pulls. Thanks!

Re: Balance transfer?

Anonymous — Mon, 05 Jun 2017 15:16:34 GMT

I'm also in the same position, but my scores range in the lower 600's, and i had a bankruptcy ch. 7 discharge 2 years ago. What balance transfer cards would be good for me? Thanks