Looking for a little two sense: I currently have one credit card almost to its limit with a high interest rate (24%) with a balance of $6000+ And I have another credit card with a lower balance, like $2000, with an interest rate of 11. 5%. And an available credit of enough to fit my other cards’ balance on. In this situation, should I just go ahead and balance transfer the higher interest card to the lower one so that way, I’m just making one payment and paying less interest? I feel like it’s an obvious yes, but figured I’d post in here to see if that makes the most sense. Thanks y’all!
☰