Balance Transfer Options?

[Anonymous]

I have about $15,200 in CC debt. About $8400 I’m being charged interest on and I’m trying to see if I can get a balance transfer card to get out of paying this interest. Income is $52k and scores are TU 681 EX 668 EQ 677. I know nothing is certain and all credit files are different, but do I have any chance at getting a new card to transfer the $8400 to?

[Anonymous]

I can't comment on your chances of getting a new card, but if you do, I would highly recommend Discover. They always have balance transfers available for me and I have used them several times. Right now I have one at 4.99% for 18 months. They usually have a 0% with 3% transfer fee for 12 months also.

[SouthJamaica]

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@Anonymous wrote:

I can't comment on your chances of getting a new card, but if you do, I would highly recommend Discover. They always have balance transfers available for me and I have used them several times. Right now I have one at 4.99% for 18 months. They usually have a 0% with 3% transfer fee for 12 months also.

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My recommendation for balance transfers is to join a credit union which has a platinum card with no balance transfer fee and low interest, and get one of those.

[Nayola]

Can you join PenFed or NFCU?  PenFed's balance transfer credit cards have a 3 percent transfer fee, but possibly you could get a high enough credit limit that it might be worth the $200 or $300 transfer fee.  NFCU has a card with a 0 percent transfer fee.

[shiftomnimega]

I like the Discover idea as I've had to dip into the 0% APR 2% BT fee offer a couple of times.  I would also recommend looking into BOA's BankAmericard for a 0% APR 0% BT fee card that's on the table for 12 months.

Whichever you choose, it is imperative that you have an aggressive plan to pay down the balance within the promotional 0% period.  

[CreditInspired]

It really depends.

What is the highest SL of your highest card?
How many inqs in last 6 mos?
Any derogs or baddies?
What is overall UT?

[CreditInspired]

+1
Whichever you choose, it is imperative that you have an aggressive plan to pay down the balance within the promotional 0% period.

[Anonymous]

I already have a Discover IT

[Anonymous]

The SL of my highest card was $7400. The current limit is $8400 and I owe $6600. It’s a Citi Thank You Preferred and it’s the highest CL out of my 4 cards. I was thinking about trying to get another Citi or Chase card but the balances are high on both so I’m not sure if either company would give me much.

[Anonymous]

Oh and to answer the other questions I have no derogs or baddies, no inquiries in the past 6 mos, and I’m at about 75% utilization.