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great2bahokie

Joined: 01/05/2001 Posts: 28374
Likes: 4294


Credit card balance transfers


Like most...I get bombarded with solicitations for these offers...and I trash them. Got one over the weekend that has me considering it though. 0% APR for the first 15 months...and then 13.74% afterward.

Questions...

At what point are balance transfers a good idea?

What are the implications/consequences that I'm not thinking about?

Do you close the account you're transferring from afterward?

Thanks!

Posted: 10/22/2018 at 10:17AM



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Current Thread:
 
  
Credit card balance transfers -- great2bahokie 10/22/2018 10:17AM
  Detrimental impact to your credit record. -- Hokie360 10/22/2018 10:37AM
  That can be true -- VT Pops 10/22/2018 10:56AM
  Balance transfers are not a horrible idea -- Tafkam Hokie 10/22/2018 10:34AM
  2% transfer fee ** -- great2bahokie 10/22/2018 10:23AM

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