A new Discover Titanium Card for hubby, came in the mail while I was awaythis week. Its limit is 6,000 and its at 0% until January.. would YOU make a move as I am thinking if the shoes were on your feet ? Bank of A... $8,341.90 Discover Platinum $6,000 @ 0% until December Citi-Bank $4,800 @ 3.9 until paid .. I haven't paid BofA yet for the month was thinking/hoping I'd slice it down $341.90..depending on what more I owe on kids camp fees. I will find that out tomorrow. The question is . would you ask the BRAND NEW DISCOVER to make a payment to BofA of 6,000 .. It could possibly turn us around like this Discover #1 6,000 @ 0% until December - min $120 Discover #2 6,000 @ 0% until January - min $120 CITI 4,800 @ 3.9 until paid - min $97 BofA 2,000 @ 4.75% until paid min $44 This move .. would knock my interest down to less than $25 until December . thing is .. I'd have to have a NEW place by December/January in which to move these big DISCOVER balances and/or count on BofA taking it all back at the 4.75% rate. This of course would not keep within my hubbys wants to narrow the cards down in number but would save a few dollars in interest for the next few months. Should I "exercise" the credit or quit playing with fire ? Hey, do you think Hubby could call DISCOVER and have the first new account closed and the new Titanium Card limit doubled for the offers accomodation ? Cherie
George, Thank you for the information on BofA. It is helpful. I am going to make a transfer for a few months and count on BofA to take us back around the first of the year. This is what I found out from a DISCOVER rep last night. DISCOVER does not merge accounts period, but when I got through to a Balance Transfer Specialist, he let me know that we have a 150% BT option on the new Titanium account. .This is when you BT you can go up to 150% of the orginal limit so in our case up to 9,000. Hubby and I talked it over and this is what we are going to do when I get back to them today. Currents BofA 8,341.90 @ 4.75% V Discover 6,000 @ 0% until December Citi 4,800 @ 0% until paid I'll request NEW Discover to pay off BofA in the amount of 8,300. I will pay out the other 41.90 on this months bill. Then this is what our credit debt will look like T DISCOVER 8,300 @ 0% until January P DISCOVER 6,000 @ 0% until December CITI 4,800 @ 3.9% until paid
