I am looking for an offer to transfer $4,000 to $5,000 off of some cards with high interest rates. I have seven or eight cards. I don't need that many, but I am reluctant to close them and possibly hurt my credit rating. My credit usage only about 15%. I don't really want more cards, but I'd like to transfer balances on cards charging 15 to 20 percent to a new card with a 0% introductory rate.
So here's my question. Will getting a new credit card hurt more than it helps. I've been repairing my credit for the past few year and my credit rating is in the low 700's. If it weren't for a couple of false moves last year, I'd be in the mid 700's. I have a couple of offers to choose from right now.
What do you suggest?
|Total Credit: $240,100||Credit Utilization: 1%||AAoA: 5 years, 7 months||Installments: Car Lease, Marcus Loan||Negatives: 0|