FlyerTalk Forums - View Single Post - Help Needed - Multiple Balance Transfers?
Thread: Help Needed - Multiple Balance Transfers?
View Single Post
Old Jul 28, 2015 | 5:22 am
  #5  
garykung
FlyerTalk Evangelist
10 Countries Visited
20 Countries Visited
30 Countries Visited
15 Years on Site
 
Join Date: Aug 2009
Location: ZOA, SFO, HKG
Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre✓
Posts: 13,807
I strongly recommend against.

You are from CA. So your debt means your husband's debt as well (community property). So it does not matter where you put it.

I am not sure how many credit cards both of you have in total. Based on your plan, you will effectively take 4 cards out of commission. Of course, you can continue to use it. You are simply not taking advantage of the BT offer.

Also - it is easier to pay off a single large balance than 4 separate balance. Beside, BT is designed for debt consolidation. In your case, you are not consolidating anything.

Both of you will take a hit on credit due to the balance. Since credit lines are available, I don't see why 2 people have to take the hit altogether.

If I were you, a single BT to Chase.
garykung is offline  
Reply