Hi all,
I’m a financial newbie who has been conservative with opening credit cards due to fear. I am almost 30 and realizing that my credit score sucks and I want to start to improve it.
I have two credit cards a Capital One Quicksilver for 5 years with 1900 credit line and a Discover it with 600 credit line for 1.5 years. I just got approved for a Chase Freedom Unlimited with 2500 credit line.
I have 2500 in credit card debt between both Discover and Capital One. Should I do a balance transfer of my debt to the new Chase card to consolidate my debt since it has 0% interest for balance transfers and purchases for 15 months? I’m worried its a bad idea since there is a 5% transaction fee for a balance transfer. Will doing the balance transfer improve my credit score?
Submitted June 12, 2018 at 09:32AM by selfmademanchilling https://ift.tt/2sSLu2l
