- Gold Member
- Posts: 35
- Joined: Mon Dec 27, 2010 7:13 pm
- Location: Orlando, Florida
You would have to give more details before anyone could give you a correct answer or opinion. I can give you an example of a b/t situation that might help.
Capital One- most likely you have a 17.9% if your account is in good shape. If you have a $5k balance for example and you b/t to another card you need to check on the b/t fee and new rate on other card first.
New card I imagine has a 0% rate for 12 months then 11.99%-21.99% afterwards. You will probably have a 3-4% b/t fee ($150-$200) added to your balance.
Lets say you have a 12.99% after the 0%/12 month promo - you will save about $2150.00 in finance charges as long as you do not add the balance.
I hope that helps,