- Platinum Member
- Posts: 72
- Joined: Mon Jul 23, 2012 8:14 pm
- Location: Los Angeles, CA
When he was in college, my husband was one of those people that maxed out his credit cards all the time. He got a lot of it down, but he has one card with a $2,000 limit at $1,500 (he pays the minimum balance each month). He has one other card also with a $2,000 limit that he pays off every month.
I just opened a Chase Freedom account this week that has 0% APR for 15 months for balance transfers ($7,500 limit). It occurred to me that I might be able to transfer his $1,500 balance on my card and help his credit score.
Now my question is - how much do you guys think this would help him? Would this hurt me? (I have about a 9% usage rate right now). Any advice would help!
AMEX: Blue Cash Preferred (6% on groceries, 3% gas & dept stores)
Capital One: Venture (2 points per $1, equivalent to 2%)
Chase: Freedom (rotating 5% categories), Disney Rewards (1 point per $1, Disney benefits)
US Bank: Cash+ (5% bookstores / 5% Electronic Stores)