Barclay Ring BT?

[TRU_]

ok, thnx again all for your suggestions in previous posts. I might need to make another success story, for our journey but that's later. On to my question

 

App for Barclay rewards (high credit) card was denied so i called the recon line (approved after call). As the rep was asking a few q's he "overheard" my wife ask about 2 of our other cards. He then asked if i had heard about their ring card? said its 8% ("fixed"?) APR with no BT fee. It seemed like a good idea. The funny part is that the cards my wife was asking about are "builder cards" with around 22% APR. Would it be a good idea to BT the high APR cards? i already have the figures up. if i were to transfer all of our high APR cards to the ring card, we'd save $3k in interest & pay it off about 16 months sooner. Seems like a no brainier to me, but in the multitude of counselors there is safety, so i thought I'd ask:)

[virtualtreasure]

Is the question should you apply for the Ring having just been approved for the rewards card...don't quite follow OP

 

As far as BT a 0% promo to start would make debt even less expensive than the Ring, if at some point after zero expiry 8% is the best rate available then so be it, since (based on OP) it sounds like it would still represent a significant savings on current high interest payments.

[TRU_]

Is the question should you apply for the Ring having just been approved for the rewards card...don't quite follow OP

 

As far as BT a 0% promo to start would make debt even less expensive than the Ring, if at some point after zero expiry 8% is the best rate available then so be it, since (based on OP) it sounds like it would still represent a significant savings on current high interest payments.

The ring card was discussed as he was doing a recon for the rewards card. i was approved for the rewards card shortly after. I'm assuming he was trying to "sell" that one too. or was just curious lol Also yes, intro period is great, but the perm rate is what got me. if i ever want to do a BT down the line, i wouldn't need to open a new acct so i was considering applying for it, or asking them to have the rewards transferred to a ring. If that's possible.

Edited May 8, 2014 by TRU_

[virtualtreasure]

Assuming the Rewards has an intro BT (preferably with low BT fee), perhaps ride it out and reevaluate for Ring app prior to BT expiry keeping in mind can't transfer from the Rewards to the Ring since it is the same issuer. Of course generally rewards cards are PIF to maximize the rewards features.

Edited May 8, 2014 by virtualtreasure

[TRU_]

Assuming the Rewards has an intro BT (preferably with low BT fee), perhaps ride it out and reevaluate for Ring app prior to BT expiry keeping in mind can't transfer from the Rewards to the Ring since it is the same issuer. Of course generally rewards cards are PIF to maximize the rewards features.

thnx.

Edited May 8, 2014 by TRU_

[mamiso]

I can usually depend on my Cap One, Discover for 0% BT offers but I also have the RING as back-up...

 

This is only for a month or two if I cant PIF (which I usually do about 98% of the time) This situation has come up a couple of times buying home upgrades for points on other cards then a month or two on BT. (plus it usually means 1 month of no payment)

 

I can also get long-term promos with Walmart, Amazon, HSN, Lowes, etc.