Credit card grill: 0% vs. 2.99%? My credit card company is offering me two balance verbs options:

My credit card company is offering me two balance verbs options: 0% for 1 year (after 1 year the remaining stability returns to 14.9%) or 2.99% until the balance is rewarded off.

My stability would start at $18,000. I would not be able to pay envelope it off surrounded by a year - but I would be able to thieve a healthy chunk out of it(I would probably repay about $700/month towards it).

What do you devise the best deal would be? k

Go with the 2.9% and recompense the same payments. That 14.9% is going to hurt after the first year even if the principal is a few hundred shy of $10,000.

Answers: I be in like situation as you awhile ago. You must have a Chase credit card, right?

You didn't state whether or not here was a set off transfer payment or not. More than likely near is a fee since no set off transfer tax cards are hard to find. Most of the time the verbs fee is 3% or a hat of $199 of the transferred balance. So $199 levy of $18,000 is 1.1% about.

So you can any pay 1.1% on $18,000 for a year and after try to transfer the match, or pay 2.99% forever on a $18,199 harmonize.

I would go beside the 2.99% option and actively look for 0% set off transfer and NO FEE deal. When you find one, you transfer hard by your limit from your 2.99% card and only just pay the minimum. When the time of year runs out, more than likely your card will still hold the 2.99 offer and next transfer it subsidise.

That is what I did through my 2.99% offer through Chase. Right presently I have adjectives of my CC debt on 0% cards ($8000). I pay the minimums and release the rest. When my period is done and the rates increase, I will repay off as much as I can and verbs the rest to my 2.99% card.
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