I got an offer for a $1500 VISA @ 17.9%. I have a nearly $3000 balance on my old NextCard, which is now @ 24% since they closed. I was thinking of taking the $1500 and transferring half my NCard balance there and then paying double payments to NCard on the rest until it's gone. My scores are hovering right around 600...Is this likely to drop my score b/c it will lower my average account age (total credit age is 8 years)? Should I take it? Thanks
I'd take it. The deal as stated will save nearly $90/yr in interest. Also, could you call Household and ask if the cl limit could be raised to $3k so you could transfer the entire balance?
Household is a decent issuer. They are the bank issuer with my CompUSA card. I would accept the terms and transfer a portion of the balance from Nextcard to Household. Lower interest rate = less money. Congrats. Dani
I will probably take it. It's definitley tempting. I never thought of calling and asking them to raise the limit to $3000 to transfer the entire balance...I wonder what the chances of that are....
