Credit card debt help
I got an email from Chase saying I could transfer my debt from a different credit card. I have debt on a 1FBUSA card I opened up in 2019 (college). I owe $5,386.18 in it with a 33.40% APR. I also currently own about $7,000 on my current Chase credit card with a 27.24% APR.
The offer they sent me is this:
Lower rate
0% promo APR
on balance transfers through your billing cycle that ends in June 2027
OR
More time
1.99% promo APR
on balance transfers through your billing cycle that ends in September 2027
After the promo period, your standard 27.24% APR will apply. This rate will vary with the market, based on the prime rate.
Should I transfer my debt from 1FBUSA to Chase? And close my 1FBUSA account? Will that affect my credit. Not planning on any major purchases right now but hoping to get married next year and buy a house in 2027/2028. Also just feel like I’m getting drowned in interest charges though. Any help is greatly appreciated!