Financial Advice Needed

[Osama Bin Gandhi]

Naaku Oka Citi Card undhi with 18.99 APR with 5k Balance - 135 monthly payment

 

Amex New Card undhi 12k Approved with 0 Balance - 0% Apr until 12 months (monthly payment- 2% of balance untundi anukunta)

 

So I want to pay off Citi using new Amex card ( 3% xfer fee untundi which is 150)

 

 

 

Is this advisable?? 

[Predator]

Yes it is, this way you will end up saving on APR. and this is one time. I would advice to go ahead. Cheers!

[phatposts]

Naaku Oka Citi Card undhi with 18.99 APR with 5k Balance - 135 monthly payment

 

Amex New Card undhi 12k Approved with 0 Balance - 0% Apr until 12 months (monthly payment- 2% of balance untundi anukunta)

 

So I want to pay off Citi using new Amex card ( 3% xfer fee untundi which is 150)

 

 

 

Is this advisable?? 

Aa 5K ni nuvvu enni days clear cheddam ani plan chestunnavo daani batti think cheyyi dude. If you have plans to pay that off sooner than later, then taking a balance transfer may not work in your favor. If you don't have room to pay off immediately then Balance txr makes sense. 

150$ is not a huge deal, but 150$ for 5000$ is kind of considerable percentage. 

[MeetFriendz]

ltt

[Hyderabad_Nawab]

Calculate Man....18.99% for dat 5k Balance - enni days lo kadamani planning widout Amex card - AVG ga 1 Year Anuko - den u will end up paying Extra 947$ (Approx) ..anthe 78$ Interest /Month.

 

Nuvvu 2 months lo 5k Balance kattagaligithe wid some other means - den Donn go for AMEX Option..

 

Kaani General ga its not Possible - So Better go for AMEX and clear dat Citi Balance ..n den donn wait for  12 Months to Pay AMEX...Monthly Montly koncham koncham Katteyi ..EOD Credit limit 10-15% unte manchi score untadhi...Cheers... :4_12_13:

[Osama Bin Gandhi]

Thank you all for your valuable suggestions....will go for it...