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URL:  http://boards.fool.com/transferring-credit-to-lower-rate-10003518.aspx

Subject:  Transferring credit to lower rate Date:  5/7/1997  2:51 PM
Author:  Bock Number:  19 of 308685

I'm about to transfer my credit on one of my cards at 17+% interest to a card at 5.9% intro rate. I'm planning on paying this off during the intro time period as I am digging myself out of consumer debt. I don't have that much left to pay, just over $2400. But...my question is...

Is it going to make it harder for me to get loans in the future if I transfer my balance to a Platinum card with a $10,000 initial credit limit? Or should I stick with a card with a more reasonable limit? I understand that lenders take into account the consideration of how much you could be potentially oweing. Does this fall into that logic?

I plan on using my credit card as my "cushion" until I can get enough savings up to cover any emergencies that might come up.

Thanks for the advice!
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