https://ficoforums.myfico.com/t5/General-Credit-Topics/Balance-Transfer/m-p/3675204#M198670 <P>I am curious if conducting a balance transfer could/would help increase my score.</P><P>&nbsp;</P><P>I was thinking about transferring the $620(CL$750) onto my Navy Federal $0(CL$6,000) to get the utilization down. There is no BT fee and the APR on Navy Fed is lower.</P><P>&nbsp;</P><P>I have 3 other cards that have very small balances that I plan to just pay off very soon. I don’t want to do a BT on them because they are deferred interest at the moment (Barclay and CareCredit).</P><P>&nbsp;</P><P>Would doing the BT be a good or bad idea, or would it even make a difference?</P> Fri, 05 Dec 2014 07:22:28 GMT Googler89 2014-12-05T07:22:28Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Balance-Transfer/m-p/3675204#M198670 <P>I am curious if conducting a balance transfer could/would help increase my score.</P><P>&nbsp;</P><P>I was thinking about transferring the $620(CL$750) onto my Navy Federal $0(CL$6,000) to get the utilization down. There is no BT fee and the APR on Navy Fed is lower.</P><P>&nbsp;</P><P>I have 3 other cards that have very small balances that I plan to just pay off very soon. I don’t want to do a BT on them because they are deferred interest at the moment (Barclay and CareCredit).</P><P>&nbsp;</P><P>Would doing the BT be a good or bad idea, or would it even make a difference?</P> Fri, 05 Dec 2014 07:22:28 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Balance-Transfer/m-p/3675204#M198670 Googler89 2014-12-05T07:22:28Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Balance-Transfer/m-p/3675919#M198681 <P>Reducing 620/750 (83%) individual utilization will help with that specific card. &nbsp;Can't say how it will affect your score.</P> Fri, 05 Dec 2014 21:22:51 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Balance-Transfer/m-p/3675919#M198681 takeshi74 2014-12-05T21:22:51Z