I got my first credit card last year and I jumped at the opportunity. It was a small $500 limit card through Capital One, and it was just something for me to throw gas in the car and what not. Fast forward a year now, they've upped my limit a bit and I now have around $750 limit on it. I have a 25% interest rate.
I use it now for lunch most days and what not. I've racked up a small amount on it($400 or so) and I'm paying it off in chunks. I just recently got something in the mail from discover(one of those spam fake credit card things) and I sat down and read into it. This card that I called about has an 18% interest rate after the first year, 0% intro APR for the first 14 months, 0% fee on balance transfers for the first year, cash back on all purchases with rotating bonus purchases, etc.
Would it be worth balance transferring my $400~ or so debt to this new card and paying it off with no interest? I don't want to mess anything up with my credit score by doing anything wrong.
I'm currently at a 714 TransUnion and 664 Equifax. I have a 707 FICO score based on Discover's Scorecard.
Any help would be greatly appreciated as I normally don't handle any of the money situations.
Submitted April 30, 2017 at 11:16AM by Bewmkin http://ift.tt/2oMi1Ha
