- Green Member
- Posts: 15
- Joined: Sat Nov 17, 2012 1:06 pm
- Location: salt lake city/utah
So I am fairly new with credit and am trying to juggle my cards (monthly bills on cash+, gas on PenFed, use rotating on Discover and Chase Freedom, etc) and I believe I made a mistake. I placed my car insurance on the cash+ paid in full to save some money over paying monthly. The mistake I made was this card has no 0% intro rate, so right off the bat I will be paying 18.99% if I leave a balance.
Which I wasn't going to do for my regular monthly bills but I had planned on paying this bill monthly over 6 months. Well, if I do that I will negate any savings I would have had.
So, my question is what would happen if I balance transferred that amount over to my Chase Freedom which has 0% for 14 months? I do not want to anger my cash+ especially within my first month of having it. I def want to keep them and use it going forward. How does doing a balance transfer look to them so early in the game? Is it worth it to save 50 bucks?
What would you do? Just forget about it and pay the extra 50 bucks or balance transfer and risk angering or at least getting some sort of "black mark" on a card you want to have a long lasting relationship with?
In My Wallet
American Express True Earnings (($2,000)) Aug '12
Chase Freedom Visa (($3,000)) Dec '12
Discover More (($3,000)) Dec '12
PenFed Platinum Cash Rewards (($7,000)) Dec '12
Amex Blue Cash Everyday (($3,500)) Dec '12
U.S. Bank Cash Plus (($10,500)) Dec '12