opinion: consolidate to one cc?
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opinion: consolidate to one cc?
| Sun, 12-14-2008 - 8:57pm |
I have two credit cards.
12k balance 8.99% interest
9k balance 7.99% interest
I can put most of the 12k on the 9k card and then quickly pay off the remainder of the 12k card.
I think it is mostly psychological being down to one card, but the 12k card is also the only card we have (until now) actually used, the 9k we have not used in years it is just sort of our "pay off" card that we pay down balances from (we were up to 5+ cc are one point).

Personally, I wouldn't.
Hey Jenn,
I wouldn't do this unless you have a no-balance fee transfer available (I haven't seen one in my mailbox in probably 2 years) and the issue with messing with your debt to available credit is something to consider.
Peg