Ask Terry Questions Credit Card Balance transfered to 0.0% Interest Card

Credit Card Balance transfered to 0.0% Interest Card

By Terry Savage on October 06, 2018 | Credit/Debt

Hi Terry, my question is “Do I close or cancel the card that I transferred the balance from?”
Thanks

Terry Says

That’s an interesting question. I’d advise closing it because a no-balance card will always remain a temptation to spend! But if you’ve had the card for a long time, it has a positive impact on your credit score, demonstrating credit longevity! If that’s the case, then be sure to take if out of your wallet and hide it from yourself so you aren’t tempted to use it!

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