@glamchick wrote:
I just don't want to set off any alarms and get accounts closed or CL's lowered.
They're not going to take adverse action from paying them which is what a BT is to them. They will take adverse action if your credit reports indicate risky activity that exceeds their risk tolerance which can vary from one creditor to another. Negative payment history & other derogs, high revolving utilization, excessive credit seeking activity for your credit profile and excessive new accounts for your credit profile are examples of things that can lead ot adverse action.
@glamchick wrote:
I wasn't sure how often I could do a BT?
Always read the terms for answers to such questions. 0% offers are usually limited offers.
Also keep in mind that when you're carrying a balance you lose your grace period with most cards. Don't use a card for new purchases if you're carrying on a 0% offer unless that offer is also for 0% on purchases. Otherwise new purchases will immediately begin accruing interest.
@glamchick wrote:
Is there anything wrong with doing this other than the small fee of transferring?
It's not simply a matter of right or wrong. Compare what you'd pay for the fee versus the interest you'd pay if you didn't perform the balance transfer for the amount of time tha t it would take you to pay off your revolving debt. Do your due diligence. There are online interest calculators that you can use to help you make your decision.
