No. of Recommendations: 2
Would that save money in the long run?

Yes, if the citi balance transfer rate is low enough (We would need to know the amounts of 12.9%, 7.9% and 5.9% balances on the citi account)

The original poster said that part of the citi debt is at 12.9% and part at lower rates. This is very frustrating for the snowballer, because the ccc usually doesn't apply any payments to the higher rate balance until the low balances have been paid off.

By paying off the entire balance the 12.9% Citi will be paid off. With a balance transfer from MBNA more 12.9% will be paid off, leaving some lower rate debt (hopefully along the lines of the 7.9% or the 5.9%) Does that make sense?

- Megan
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