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Congrats on your new card!
@CreditSage wrote:
@gdale6 wrote:Grats on the freedom. If you need to move money over to avoid interest then do it, just keep it below 89% of the cards limit. IMHO payng interest trumps Fico score considerations.
Thanks! You're actually addressing a question before I've thought to post it yet... do you think keeping it below 89% will make a big difference compared to say, 100% (score-wise)? Also, since there is no interest the account cannot go over 100% if I park the balance there, is that correct? This is my first BT.
My NFCU is at 90% and my QS1 53% - - figuring the best way to go about this. If only they approved me for like $20k I would have been much better off
@gdale6 do you think 89% vs. 100% makes a big difference? Can you point me to any articles on this?
@CreditSage wrote:Chase approved me for the Chase Freedom, $3,800 SL! Considering my two charged off badies from 2015 I feel this is pretty good.
I will say, I am dissapointed in the SL. I have $5,800 in relatively high interest debt which I was hoping to transfer. Additionally, I put a lot of thought into making sure the card also had an introductory 0% purchase rate which in the end won't come into play.
After the approved screen showed with my interest rate and SL there was a phone number to call if I had a problem with the SL. I didn't note this (like a dummy) and then clicked the check box acknowledging I understod the terms. Did I screw myself? I have to wait for everything to come in the mail at this point as I skipped the step for all the online access. Any recommendations, let me know.
Should I go for another BT card to cover all my debt? Perhaps discover pre-approval link.
Congrats on the approval.
Instead of finding a BT card, maybe you should look into an installment loan. They tend to have better rates.
Congrats on your approval !!!!
@CreditSage wrote:
@gdale6 wrote:Grats on the freedom. If you need to move money over to avoid interest then do it, just keep it below 89% of the cards limit. IMHO payng interest trumps Fico score considerations.
Thanks! You're actually addressing a question before I've thought to post it yet... do you think keeping it below 89% will make a big difference compared to say, 100% (score-wise)? Also, since there is no interest the account cannot go over 100% if I park the balance there, is that correct? This is my first BT.
My NFCU is at 90% and my QS1 53% - - figuring the best way to go about this. If only they approved me for like $20k I would have been much better off
Now that you've brought other pertinent info into the equation, I would be very weary of a 89% BT on a new card, and especially considering it is Chase. IDK, this is spooking me so it may spook Chase. What is your aggregate UT?
20ish percent. I already maxed out the card for BT. Probably pay it off in less than four months. Wait and see what happens.