I bought a computer last April for appox. $1700 and put it on a new credit card with 0% APR for one year. I still have about $1000 left to pay off and I’m considering transferring the balance to a new credit card which has 0% for a full year. Will this hurt my credit score? Is it better to dip into savings and pay off whatever is left in April?
Tags: Transfer, Credit, anotherRelated posts:
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- Can I get my hands on 10K cash from 1 credit card and then transfer balance to a 0% card for 1 year?
- Can you transfer a card with no balance, to a card, say which earns airline miles and does it hurt your credit
- Will Using Balance Transfer Credit Cards Lower My Credit Score?
because you are effectively “paying” the higher balance credit card by transfering it, it shouldn’t hurt anything – unless you make a habit of this
not at all. Do it all day long. This shows you are one of the smart ones. beat the system.
No (I strongly suggest you to pay more than $700 this year)