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Topic transfering balance
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By janika28
On 04/07/02
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Hello, I was wondering if it is bad to keep switching balances every six months when your low interst rate expires. Does it look bad on your credit report? I have did this several times to save money on interest. Once my 0% is up on a credit card I switch to another 0% or other low interest and so forth. Please let me know. Thanks.
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By colin
On 04/07/02
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This is a legitimate thing to do. Make sure you check and see if the new card has a balance transfer fee. Also, you don't want to keep too many accounts open. If you transfer balances a couple of times you will want to close the card accounts you do not intend to use.
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your questions are answered by the gromco team and card users like you
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