Well, I took the plunge and have started the credit card shuffle. Meaning I got an offer in the mail for a cc with a no interest balance transfer offer for 11 months. I decided to pay off one of my cards. The transfer cost me 75 but I will make up the difference in just one month.
I will be working some major OT in April and May so I will be able to pay off the balance then (or very close to it). Even is something major happens and I cannot pay off the balance before I start to accrue interest the interest rate on this card is much lower.
One question thou--When I do pay off the balance to this new card do I close it or keep it open? If I keep it open and no balance then when I go for a mortgage or other major loan the bank will see I have all this available credit that I could potentially charge up this making me more of a risk, but at the same time won't it improve my debt ratio?