Is it okay to transfer the balance from one of my credit cards to a new card, and then cancel the ol

I am not transferring because I can%26#039;t afford to pay and am not planning to jump from card to card. I am transferring because I am dissatisfied with the level of service from my old card company. The day after I filed a complaint to that company about things that have been going on with my card, they reduced my credit limit by almost $750! Is it a financially sound decision to transfer a balance to a new card once or twice, or is it a bad decision all over? I would like to start over with a new company that will hopefully offer be better customer service and not screw up my account information all the time.

Is it okay to transfer the balance from one of my credit cards to a new card, and then cancel the old one?

You can transfer the balance without hurting your credit. Make sure your new card does not charge you to transfer your balance. Discover is usually pretty good about this and so is Capital One. Find one with a low interest rate while you%26#039;re at it. Many will give you six months without interest since you are transfering a balance. Also, make sure you pay your old account until you are sure the balance has been transfered to the new one.

Is it okay to transfer the balance from one of my credit cards to a new card, and then cancel the old one?

It%26#039;s OK to do that, and then you need to pay off the $6000 credit card balance as soon as possible. And stop using credit cards to pay for everyday expenses - it%26#039;s expensive and you get nothing out of it but debt. You should pay off all your credit card balances every single month. Credit cards are for convenience, not credit.

Is it okay to transfer the balance from one of my credit cards to a new card, and then cancel the old one?

Some cards have a limit on the size of a a transfer and some charge higher rates for transfers. But other than the specific terms there%26#039;s no reason not to do it. I think if they give lousy service you *should*. They need to know you have other options and you don%26#039;t have to settle for that level of service.

Is it okay to transfer the balance from one of my credit cards to a new card, and then cancel the old one?

Yes, it is perfectly fine. It%26#039;s better to do that than to switch balances, then leave the old account open and run up more debt.

Is it okay to transfer the balance from one of my credit cards to a new card, and then cancel the old one?

If you are paying off the entire balance on your old card by transferring it to the new one, as far as the old card company is concerned you paid off your balance in full. This is a common practice, and some credit card companies offer special rates if you roll one card over onto their card.

Is it okay to transfer the balance from one of my credit cards to a new card, and then cancel the old one?

You got a $6000 balance on a credit card?? The interest on that balance is probably greater than the minimum payment. Transfering that balance is not a problem, but you financial situation in not smart!

Is it okay to transfer the balance from one of my credit cards to a new card, and then cancel the old one?

I would say that if the card you are unsatisfied with has been a car you%26#039;ve had for a while, I would just transfer the balance of the card but keep it open. I%26#039;m not sure how old you are but I%26#039;m 22 and I still have the same card I had when I was 18, even though I don%26#039;t use it, I keep it open because closing the account would also affect my credit score because I%26#039;ve had the longest history with that card.

Is it okay to transfer the balance from one of my credit cards to a new card, and then cancel the old one?

People do it all the time.

Transfer the balance to a card with a lower interest rate. Keep paying at least the minimum every month. Get a good deal on the transfer rate, if there is one. They might be offering no rate, to get you as a new customer.

Keep paying steadily and you will build up a good credit history.

Is it okay to transfer the balance from one of my credit cards to a new card, and then cancel the old one?

If you get an attractive balance transfer rate than you should consider the transfer. But also keep in mind that closing an account will reduce your total available credit if the new card does not give at least the same credit limit. If your current card does not charge annual fees, then i won%26#039;t rush to close it. Once you pay off your balance in the new credit card then go ahead and close it, so that you make sure your credit score is not affected negatively because of lower total available credit.

Is it okay to transfer the balance from one of my credit cards to a new card, and then cancel the old one?

IF YOU TRANSFER THE CARD IT WILL HURT YOUR CREDIT! you will need to apply for a new card and that in turn hurts your credit. Just once probably won%26#039;t hurt you. Just be careful of the intro apr and then what it will go into. You may have an intro apr of 0 percent but then it will go up to 24 percent. You should find a card that will give you a fixed rate on balance transfers for the life of the card. Also want to make sure that you aren%26#039;t late on a payment or go over your limit because that will take you out of any intro apr that you may have.