Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
20% interest is a lot to pay. What amount of your credit line on this card is secured? Do you by any chance know what your FICO score is? That would give me a better idea of what issuers you may qualify for. I know Chase seems to require above average scores.
I'm thinking the best option will be to hopefully transfer to an unsecured line and use whatever money you have as a secured deposit to pay off some of the debt when you switch. That way even if you transferred it to an unsecured credit card with similar APR, it would still reduce the amount of interest you're paying in terms of dollars.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
Current Cards: American Express:
Blue Cash, Simply Cash Bank of America:
WorldPoints Platinum Plus Chase:
Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi:
Thank You Premier, Dividend Platinum Select Discover:
MorePrimary Everyday Card: American Express Blue CashPrimary Travel Card: Chase Sapphire Preferred