Which Card To Transfer A Balance To?


Hello! My name is Gaea Nash, and I am trying to get a rate reduction on the CitiCard Diamond credit card that I’ve had for 7 years now. I don’t use the card, but I have a balance of about $5400. I have excellent payment history with them, however, they’ve jacked up my APR to 29%. I called for a rate reduction, and they told me that I would have to wait 7 to 10 days receive a letter indicating what the new rate would be. I received the letter today (less than 3 days later), and they say that they can’t reduce the rate!! I’m seriously peeved about this whole process. I really just want to pay off my debt without being stuck with a ridiculous interest payment each month. To add to that, I recently transferred a balance from a BOA credit card to the Discover 5% Cashback rewards card, which was well worth it. I thought that I would be able to transfer the Citicard balance to this card as well, but Discover won’t allow another balance transfer until they run another promotional for that…**smh**

Answer – Gaea – Very seldom does a credit card allow you to transfer a balance two times (unless like they say – they have a promotion). Since you have already have a Citicard, a Bank of America credit card and a Discover Card, then perhaps, you should consider transferring your balance to either Chase or Capital One.

If you are thinking about Chase, they have a card called Chase Freedom&#174 Visa – $50 Cash Back Bonus is pretty similar to Discover in terms of it’s rewards. The offer a 0% introductory APR* for balance transfers for 12 months. Capital One has got several cards with some 0% offers. But their offers changes quite a bit, so please check their website.

I would like to end by saying that you are doing the right thing by paying off your balance and transferring them to a 0% deal is a good idea to save on interest costs. Good luck and pay off your debt soon.

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