Hi all, so I saw on here somewhere (couldn't find it again) that some people will get one of those cards that has 0 interest for 12 months or something similar to transfer balances from other cards onto that, pay it off, and then you're out of debt. I think it's a fantastic idea as I have a small amount of debt (~$2400 combined, currently), I hate getting screwed by interest, and I'd rather make payments on one card than splitting it between the two I have. Between my current job and a new job I have lined up soon, it shouldn't be a problem to pay it off within a year or whatever the non-interest period is. I brought it up to my fiance, and he immediately thought it was a bad idea. We discussed it a little bit and he hesitantly agreed I had some good points, but we both thought it best to post on here and get extra opinions, especially since we're just starting out as adults and new to the whole frugal thing. So what are the pros and cons of getting a new credit card to pay off other credit cards? Thanks!
April 18, 2018 at 01:19PM
