Anonymous wrote:As long as you don’t close the old card, your score should stay the same or go up since your are increasing your available credit without adding to your debt.

+1, part of your credit score is using too much credit. It looks better to have a $5k balance with $5k more available than $5k balance and $0 more available to borrow.

Also, through nerdwallet.com I found a credit card through Alliant that had $0/0% balance transfer fees, I did have to open up a saving account with them, with $5 deposit. Not sure if they still do that, this was a couple of years ago.

Finally - if your side hustle is an MLM think carefully before committing - almost everyone loses money and friendships on those.

Good luck!

As long as you don’t close the old card, your score should stay the same or go up since your are increasing your available credit without adding to your debt.

Anonymous wrote:I have about $5000 on a credit card that I would like to aggressively pay off over the next year or so (cutting back and a side hustle). I’m paying about $90 a month in interest which seems like a waste. Thinking a balance transfer would be a good idea, my only concern is the impact on my credit score (I’m buying a condo within the next year). Thought?

If your overall score is good - I wouldn't worry about impact. Yes, opening new credit card would lower your score a bit temporarily, but it would bounce back right away.
Beware of balance transfer fees, they might be as high as 5%, so read fine print carefully before applying for new card.

I have about $5000 on a credit card that I would like to aggressively pay off over the next year or so (cutting back and a side hustle). I’m paying about $90 a month in interest which seems like a waste. Thinking a balance transfer would be a good idea, my only concern is the impact on my credit score (I’m buying a condo within the next year). Thought?