I think the conclusion is there is no guarantee of a score bump if I consolidate the same amount of debt from several cards to one. I don't need to BT to avoid interest charges, since I PIF, it's more an issue of cashflow and depleteing cash reserves.
Since there is a 2% BT fee, I'm not interested in spending $200 for what is more than likely, no benefit.
Ideally, You want all but one card reporting 0. One card reporting less than 9%
Do with this information what you may.
I thought the ideal is one card reporting less than 10%?
As for your score increase, could that have been after the cards that were paid off reported $0.00 balances and before the other card reported the balance with all of the transfers on it? Not trying to rain on your parade, just wondering.
Cap 1 - $23,000 / Lowe’s - $17,000 / Barclay Apple Rewards - $15,000 / Capital 1 - $15,000 / Walmart - $15,000 Cap 1 - $12,000 / PenFed - $10,000 / JC Penney - $10,000 / Discover IT - $9700 / Discover IT - $7500 NFCU - $7300 / Barclay Rewards - $5400 / DCU - $5,000 / Merrick - $2400 - Total - $154,300