BT or no?

[Anonymous]

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@Caardvark wrote:

I simply cannot imagine many scenarios where it would make sense NOT to balance transfer everything to the NFCU. And, the scenarios I can imagine are outliers. This is a no brainer. 

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Agreed. And if you're concerned about Util, have you considered asking for a Navy CLI? Bump that 14K to 25K and you can have your cake and eat it too.

[Anonymous]

Saving interest is definitely good.

Keep in mind that depending on timing your utilization could have a very temporary spike up or down depending on timing of when balances post to new account and payments are posted to old accounts.

I believe that Chase will report to CRA’s when balance paid to zero so make sure you get to zero.

Navy Federal sends a physical check to issuers for balance transfers.

[Anonymous]

Be really careful that you don’t run out the clock on the BT offer. Navy takes a few days to post them, I would probably make my mind up today or tomorrow if it was me just to make sure I didn’t end up missing the promo. 

[seruby]

I opted to transfer my CO balance over and leave the Chase Balance as is - which was the 2nd option given by SouthJamaica.   There's no difference in time payoff b/w that and transferring both over (either case would take 12 months), and it only increases my NFCU UTI to ~48% instead of 75%.   Chase is already almost under 20%.  The difference in interest is about $200, so either way still saving 1300-1500.

Thanks all for the suggestions.