- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
Generally, any BT offer that is less than 6 months is not worth the trouble, and you should definitely try to get something for 12 months as long as the rate is decent.
You've obviously calculated what you'll pay out in interest at your current rate, so any offer that gets you down from that is good, the more the better, obviously.
I would move the entire balance.
Shop around to find the best offer before applying for cards. You'll probably end up applying for two or three cards over the next year or two and that can ding your credit rating, but not much.
If you're declined for a card, call them up and ask why. Sometimes the application can be reinstated; it might have been kicked out for multiple pending applications. This happened to me once.
BT fees used to usually be capped at 3%, not so much anymore. Figure out what you'll be paying in fee before doing the transfer.
When I used to do BTs I would do them on the phone with a customer rep. and ask them explicitly what the fees would be, etc. Ask what the BT fee is, what the APR is, when it expires, etc. Make them spell everything out for you.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.