Need opinions please

keyana4 — Thu, 08 Aug 2019 18:38:59 GMT

Hi everyone, Please let me know what you think my next course of action should be. I just got approved for a discover card with 0 apr for 18 months on balance transfers with12,500 credit limit.

Here are my stats----- fico scores range from 700-740.... no baddies

NFCU Go rewards 15.15 APR 16, 000 credit limit balance 15, 900

NFCU Cash rewards 11.90 APR 15, 100 limit balance 5, 700

Best Buy 27% APR 12,000 Limit balance 0

Jet Blue card 17.49% APR 5, 600 limit balance 149

BOA 25.24% APR 1,000 Limit balance 0

Capital 1 25% APR 2,250 limit balance 0

Paypal 29% APR 2,000 Limit balance 0

Target 25.15% APR 1,100 limit balance 150

Amazon 28.84% APR 1,100 Limit balance 0

Walmart 25.15% APR 1, 100 Limit balance 0

My question is should I just max out the discover with a balance transfer of 12,500 from my NFCU Go rewards? The high utilization on that card is killing me.

Thank you in advance for your response.

Re: Need opinions please

HeavenOhio — Thu, 08 Aug 2019 18:54:40 GMT

Welcome, @keyana4.

Yeah, I'd do the transfer. But I'd stop short of 12.5k. You can transfer 12k and avoid being at your limit. Or you can transfer 88.9% of your Discover limit ($11,111) and not have a maxed out card. (Maxed is defined by FICO as being at 90% of one's limit or above.)

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Need opinions please

Re: Need opinions please