For instance, your score could drop if you transfer
multiple credit card balances onto a single credit card and max out your new credit limit.
For instance, your score could drop if you transfer
multiple credit card balances onto a single credit card and max out your new credit limit.
Not exact matches
You can then transfer the
balances of your other
credit cards onto this one
card and instead of paying
multiple bills.
For one, consolidating
multiple balances onto one
card could maximize your
card's
credit limit and harm your
credit utilization rate.
If you have large
balances across
multiple credit cards, consolidating those
balances onto a single
card with a lower interest rate and fees can make that debt easier to manage and pay down.
If you have
multiple credit cards that earn Chase Ultimate Rewards (UR) points, you can combine your points
balances onto a single
card.
You have a large
balance on another
card or are juggling
multiple credit cards and want to consolidate your debt
onto one lower - rate
card.
You can do a
balance transfer with just one
card or you can use a
balance transfer to consolidate debt from
multiple credit cards onto one
card.