Want to Get Credit Cards Under Control
Guest: awwc
Post subject: Want to Get Credit Cards Under Control
Posted: Wed Sep 19, 2007 1:58 pm
Wife and I has a come to Jesus meeting about the finances. Essentially, we're done with managing them half-assed. After spending some time educating ourselves we have a few immediate steps to take.
We have 3 credit cards with balances that need to be moved to a lower APR.
Two of them are at 17% APR and one is at 27%. I know. UGH. I don't think the 27% started off at that APR. We were struck by a case of $2,000 in fraud charges. I'm assuming Chase bumped the rate after we called to have the charges disputed and froze the card. Not sure though, just an assumption.
So after a handful of research hours I came across PENFED's 5.99% lifetime APR on the transfer balance with no fee. I'd love to jump on that but I want to make sure there isn't a better solution?
Thanks for the help..
Awwc
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: multiplierx
Senior Credit Expert (500+ posts)
Posted: Wed Sep 19, 2007 6:55 pm
It depends on how long you think it'll take you to pay off the balances. There's better BT rates out there but not "lifetime".
You might take a look at some of the 0% BT offers out there. It'll only be a year but that's a year of 0% and you very well might find another 0% at that time if you still have a balance.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Ira
Board Monitor
Posted: Thu Sep 20, 2007 12:23 am
You might want to take a look at this site which has a number of 0% intro rate cards:
http://www.balancetransfer.cc/creditcardblog/btcc.htm
_________________
Do not let what you cannot do interfere with what you can do.
Ira
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: awwc
Posted: Thu Sep 20, 2007 1:47 am
thanks guys. I'll take a looksie.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: Want to Get Credit Cards Under Control
Posted: Wed Sep 19, 2007 1:58 pm
Wife and I has a come to Jesus meeting about the finances. Essentially, we're done with managing them half-assed. After spending some time educating ourselves we have a few immediate steps to take.
We have 3 credit cards with balances that need to be moved to a lower APR.
Two of them are at 17% APR and one is at 27%. I know. UGH. I don't think the 27% started off at that APR. We were struck by a case of $2,000 in fraud charges. I'm assuming Chase bumped the rate after we called to have the charges disputed and froze the card. Not sure though, just an assumption.
So after a handful of research hours I came across PENFED's 5.99% lifetime APR on the transfer balance with no fee. I'd love to jump on that but I want to make sure there isn't a better solution?
Thanks for the help..
Awwc
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: multiplierx
Senior Credit Expert (500+ posts)
Posted: Wed Sep 19, 2007 6:55 pm
It depends on how long you think it'll take you to pay off the balances. There's better BT rates out there but not "lifetime".
You might take a look at some of the 0% BT offers out there. It'll only be a year but that's a year of 0% and you very well might find another 0% at that time if you still have a balance.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Ira
Board Monitor
Posted: Thu Sep 20, 2007 12:23 am
You might want to take a look at this site which has a number of 0% intro rate cards:
http://www.balancetransfer.cc/creditcardblog/btcc.htm
_________________
Do not let what you cannot do interfere with what you can do.
Ira
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: awwc
Posted: Thu Sep 20, 2007 1:47 am
thanks guys. I'll take a looksie.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 1:41 PM
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