W
wow
Guest
I'm deciding whether to transfer a balance from a high interest credit card (28%) to a low interest credit card(8.99%) using a normal charge method or a formal balance transfer method with a fee.
The low interest(8.99%) credit card company offered me this deal. They said when I transfer my $1375.81 high interest card balance to their card they will only charge 3.9% interest until April 2009 on that money if I pay a 3% fee on that total ..up to $75.
Is it worth for me to pay that fee for the opportunity of a temporary interest reduction? Or should I just pay the high interest card off with the other low interest card like a normal charge method and stay with the 8.99% interest on the low interest card?
The low interest(8.99%) credit card company offered me this deal. They said when I transfer my $1375.81 high interest card balance to their card they will only charge 3.9% interest until April 2009 on that money if I pay a 3% fee on that total ..up to $75.
Is it worth for me to pay that fee for the opportunity of a temporary interest reduction? Or should I just pay the high interest card off with the other low interest card like a normal charge method and stay with the 8.99% interest on the low interest card?