Tag Archives: Insight

Transfer balance credit cards- good or bad?

whattodo? asked:

I have a pretty good credit score of 737- I have a balance of 1200 on one, the limit is 3000- the interest rate is like 14%- the other has a 1000 limit and a balance of about 600- interest rate 14%- would it be a good or bad move credit wise to transfer these to a 0% card to get them paid off much quicker? I’m not too knowledgeable about this sort of thing and I’ve read conflicting things so any informed insight would be appreciated- thanks!!!