Balance transfer while refinancing?

[Anonymous]

I am looking at transferring low interest balance at 2.99% on my discover card of $5,600 with an $8,500 limit,  to my US Airways card for 1% APR no fee through November 2014,  which currently has a $0 Balance on a $12,500 limit

Will this have any positive or negative impact on my credit score?

I'm a month away from refinancing otherwise I would not care.

Any input is appreciated.

Thanks

-Terry

[09Lexie]

Welcome to the forum. Conventional wisdom is to do nothing with your credit while in the mortgage process. If your closing is scheduled for next month, I'd wait. You can always speak to your LO and get the commitment in writing that the BT would not stop your refi.

[takeshi74]

Doesn't sound like there would be much, if any impact but, as Lexie says, it's best to avoid doing anything until your refinancing is done.  If it's that close to being completed then what's the rush on the BT?

[Anonymous]

Discover is doing their 5% cash back promo on Gas, so I am looking to take advantage of that asap.

I can still use the discover card, it just starts accruing the standard interest of 9.99% immediately, upon any standard purchases while I am carrying the Balance transfer.

So I have been charging the gas and then paying off when it posts.

Not a huge rush, just want to get it over with.

I will probably wait, at this point.

Thanks for the input, everyon