Ok here is my full situation... I currently owe about $17k cc's... Right now my worst one is AMEX owing $2000 at 24.99% interest.. oops they lowered me to 23.99 last month! I have the ability to do a $600 BT to citibank for 3.9% for the life and a $650 BT to ATT Universal (also citi) for 3.9% for the life... Is there a way to ask ATT to give me a credit line increase without a hard? Citibank gave me one about 3 mos ago when I did my last BT. BTW if I do the balance transfers my available credit will probably drop to about 25%. should I do that? That would pay off about 2/3 of the amex balance... help!
Allen, No way in hell would I pay 24% if I had an alternative at 3.9%. I'd jam every quarter of that AMEX bill that I could on those other 2 cards. Sure you can ask AT&T. All they can say is no. Heck, if I had a shot at a higher CL at 3.9% then let 'em do a hard. The risk reward payoff is huge.
I THOUGHT I HAVE SEEN THIS BEFORE... BT what ever you can to get rid of the 23.99% (even if it does not pay in full...you will still save MAJOR MONEY)!!!
