What should we do?

[JetOneTV]

Hello Everyone with myFico, hope your doing well.

Let me get to the point, I have a question for my wife.

Arrowhead Credit Union ARROWHEAD VISA - 

BALANCE AVAILABLE CREDIT TOTAL CREDIT APR  

–$608.03

$1,891.97

$2,500.00

18.24%

Bank of America Cash Rewards Visa Platinum

BALANCE AVAILABLE CREDIT TOTAL CREDIT APR  

–$281.80

$1,918.20

$2,200.00

25.24%

Capital One - Platinum Mastercard

BALANCE AVAILABLE CREDIT TOTAL CREDIT APR  

–$190.77

$309.23

$500.00

25.15%

Chase Bank - Freedom CREDIT CARD

BALANCE AVAILABLE CREDIT TOTAL CREDIT APR  

–$216.34

$0.00 (Don't know why Chase has this at 0.)

$1,800.00

21.24%

Pentagon PenFed Promise Visa

BALANCE AVAILABLE CREDIT TOTAL CREDIT APR  

-$172.47

$327.00

$500.00

4.99% (Promo) - Reg: 17.24%

U.S. BANK CASH+™ VISA SIGNATURE® CARD

BALANCE AVAILABLE CREDIT TOTAL CREDIT APR  

-$339.81

$5,160.19

$5,500.00

21.24%

I don't know why but I thought she had a "Secured Mastercard®" from Capital One (the one above) however I remember that she used to be charged every year for having this card.

She does not have bad credit anymore, however did Capital One change this? or was she upgraded to the new card?, at one point we was talking about cancelling the card because she did not need to pay fees every year but its also her 1st credit card.

I could simply transfer everything to one of my own credit cards with $15,000 and a 13% apr I think.. with my credit union... I think that would be a better option?

Please share advice thank you.

[Anonymous]

IF the objective is to pay less in interest then sure.

Depending on the CU there may be a BT fee but, some are no charge fees to move balances to their cards.  If there's a fee it might be more worthwhile to just tarfet one card per month to PIF and move onto the next one.  These aren't 10K balances.  

Start with either the smallest balance for the sense of achievment or start with the highest APR to save more $.  

[Petit3tee]

Mine comes with annual fees ($29) as well. I don't think this is something new from Cap1 however, she can actually call them up and ask for an upgrade/product change to something else that doesn't come with annual fees like venture1. 

[Kforce]

I would not bother.

$1,800 @ 20% = $30 month

$1,800@ 13% = $20 month

We are talking  $10 month difference in interest.

Just keep attacking payments.

[CreditInspired]

OP
What does your credit profile look like? If you could get a 0% BT card for 14-18 months with a decent CL, this would be ideal.

[JetOneTV]

This is her "CreditKarma". - for some reason I've not been able to get high credit with hers as much as my own.

[CreditInspired]

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@JetOneTV wrote:

This is her "CreditKarma". - for some reason I've not been able to get high credit with hers as much as my own.

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Sorry, need your FICO scores.

[JetOneTV]

[Anonymous]

Throw the CK ratings out the window for apple to apple comarison. Fico wise it doesn't get much closer than what you just posted.  

My concern here is why your TU scores are so much higher than the other 2.  There's obviously something big weighing them down for both of you.

[JetOneTV]

Well as far as myself.
About $9k to $10k used on a PenFed Credit Card.
I have 2 car loans (one of which I do not pay for, because my mother wanted the car so she pays it on behalf because I was going to get rid of it.)

1. Car Loan with Arrowhead CU
Currently $16k (or so)
2. Car Loan also with Arrowhead CU
Currently $11k (I don't pay this one)
3. Biggest debt is the PenFed Credit Card at about $9k - 10k.

As for her.
1. Auto Loan ($7-8k)
2. Credit Card Debt (above) about $2k
3. She does have a odd dog ticket thing which doesn't belong to her. She was like 17-18 years old at the time. But from what i remember it was like $400 in city collections.

Other then this I'm not sure.