Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
Extreme is right. Be sure to keep your balance on that card below 30% of the credit limit and probably no more than 15% of all of your available credit available on your cards.
Making the minimum payment only for a while shouldn't be a problem as long as the debt isn't going up during that time. In other words, don't make any purchases on your balance transfer credit cards. That way every payment you makes decreases the balance and doesn't increase it. If you pay the minimum payment and your balance consistently increases then the creditor can view that as a negative.
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