No. of Recommendations: 0
I agree with jrr7.

Before you consider taking them up on their offer, see if you can get the cards you already have to lower their rates.

And if there is any kind of fee attached to the offer, it is most likely not a good deal for you. Also check for anything that you might object to. In other words, read all the fine print. A lot of these offers count on people not bothering to read the fine print.

The most you can save is 3%. If you decide it's worth it, you could just transfer the cards with a higher interest rate. But I bet you can get a better deal without taking their loan.

Regarding the cost of separate bills...

33cents/month * 12 = $3.96 a year + a few minutes per month to fill out a check and lick the already-factored-in 33cent stamp.

I call that negligible.

There is actually an advantage to having separate bills, as you can have them scheduled at different times in the month to make them easier to pay.

Good Luck,
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.