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re: Credit card suggestions??

Posted on 6/6/12 at 1:34 pm to
Posted by Neauxla
New Orleans
Member since Feb 2008
33449 posts
Posted on 6/6/12 at 1:34 pm to
Right now I have a balance on my card. Was gonna do a balance transfer and eventually pay it off. So for the immediate future, carry a balance. In the future future, pay it off monthly.

ETA: As far as rewards, I have no idea. I have 40,000 World Points rewards on my old card and that might get you a stick of gum.
This post was edited on 6/6/12 at 1:35 pm
Posted by kennypowers816
New Orleans
Member since Jan 2010
2446 posts
Posted on 6/6/12 at 2:00 pm to
Just doing a quick glance at nerdwallet, chase and capitalone, I think you should look at Chase Slate, Chase Freedom, & CapitalOne Cash Rewards.

They all offer 0% interest on balance transfers for at least an intro period (12-18 months or so). That would be helpful for your balance, but none of these cards have amazing rewards.

The intro rates on the balance transfers won't last forever. Also, I think the cards all charge a transfer fee despite having a 0% intro rate on transfers. You will probably want to do a little analysis to see how quickly you can pay it off, if the fee is worth the low interest rate, and which card is the best for you.

Purely based on the limited info you've given, I'm leaning towards saying Chase Freedom is the best option for you (normal rewards rates, only $100 cash back bonus, but 0% on balance transfers for 15 months).

Hope this helps.
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