BT Question

[phumanr]

All,

I have received transfer checks from WaMu for 1.99% until August. I have a $2,500 CL  ($597 outstanding) on this card and would like to transfer $1,500 from Hooters (16.49%). This will bring this card to almost maxed out, although my total utilitzation on all of my cards is at 8%.

Will this drop my score because of almost maxing out one card?

Phumanr

[Anonymous]

I say if you can dont go over 50% on any 1 account.

I an overall UTL of 3% with one card at 30% and it cost me 11 points.

[Anonymous]

I got the same thing phumar but my offer was for 5.99 for the transers--I was thinking about considering it as well but my account has a CL for 2000 and my balance currently 700 ---have had zero percent interest on the card so it carries the highest balance....but it this offer will really hurt my scores I think what sounds like a good idea may have to be washed away--i dont think i want to take the risk on my scores but it would allow some of my other cards to report 0 balances!!!!

I guess this is never a good idea unless you have a much higher credit limit or its a new card with a zero balance that can afford a balance to be added to it

[Anonymous]

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AWLEGZ wrote:

I got the same thing phumar but my offer was for 5.99 for the transers--I was thinking about considering it as well but my account has a CL for 2000 and my balance currently 700 ---have had zero percent interest on the card so it carries the highest balance....but it this offer will really hurt my scores I think what sounds like a good idea may have to be washed away--i dont think i want to take the risk on my scores but it would allow some of my other cards to report 0 balances!!!!

I guess this is never a good idea unless you have a much higher credit limit or its a new card with a zero balance that can afford a balance to be added to it

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STBDW got the same checks yesterday for her WaMu card.  1.99% through August.

Don't forget to read the fine print on these.  If they're the same as the ones we received there is a 3% fee, and they are not BT checks strictly speaking, but cash advances.  That means if the balance isn't paid off by August, the balance will revert to the cash advance APR.

[Anonymous]

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Timothy wrote:

I say if you can dont go over 50% on any 1 account.

I an overall UTL of 3% with one card at 30% and it cost me 11 points.

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Ditto.  With 3% overall, one card at 49% cost me 11 points, as well.

[Anonymous]

Sounds like we are in the same bucket then-

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cheddar wrote:

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Timothy wrote:

I say if you can dont go over 50% on any 1 account.

I an overall UTL of 3% with one card at 30% and it cost me 11 points.

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Ditto.  With 3% overall, one card at 49% cost me 11 points, as well.

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