Balance Transfer????

[Anonymous]

I have two cards, one at 7%APR and one at 11% APR. I have a util of 60% on the %11 and about 90% on the 7% card. Would a obtaining a 0% balance transfer card (w/the usual 3% trsfr chg) be good to pay off the 11% card? How would obtaining a new card affect my credit rate? Thanks!

[Anonymous]

It depends on the balance and if you can pay it off before the promotional 0% APR offer is up. Most cards have a maximum that they will charge on balance transfers, usually $50 or $75.