I just got approved for another credit card.. help!?

I just got approved yesturday and im still contemplating about getting a credit card or a loan.

the reason why i applied for another credit card is to transfer 2 previous accounts at a lower interest. no interest for 6 months.

i didnt know the application process would be so quick.

I am still deciding wether to stick with this new credit card and pay the rest of my debt off

OR cancel this new card and get a loan instead.

but i dont know if this will ruin my credit or not.

is there another choice to handle my situation? what should i do?

I just got approved for another credit card.. help!?

Transfer the balance of the other accounts on to the card with no interest. Then, pay it off. As for the cards with a new zero balance, put them aside, make sure you are paying no yearly fees. If you are paying fees, call the company and demand they eliminate the fees or threaten to close the account. Do not use the cards, make sure the limit on them is low, (Higher amount of debt you can use on the card will lower your score). Keep them paid off, low limits, and you will increase your score by up to about 3 pts a month as long as you do not max yourself out.

I just got approved for another credit card.. help!?

It depends on the interest rate on the card and how quickly you can pay it off. If it%26#039;s interest free for six months, and you can pay it off in six months, it%26#039;s better to get the card. It%26#039;ll have a better impact on your credit rating.

I just got approved for another credit card.. help!?

you need to talk to a proffessional

I just got approved for another credit card.. help!?

Stay away from the credit card. If you must, then get a loan to pay it off. The best way is to sell things and pay it off with real cash.

Go here for the best information:

http://www.daveramsey.com

I just got approved for another credit card.. help!?

To many requests for credit (or inquiries) on your credit report is bad - it will lower your credit score. Whether they are %26quot;pre-approved%26quot; or not.

It won%26#039;t %26quot;ruin%26quot; your credit - but it doesn%26#039;t looks good either.

You say no interest for 6 months - is it really worth it? Are you really going to pay it off in 6 months? Answer those questions before jumping in. Is there an annual fee? What is the grace period? What is the APR after 6 months?

Yahoo! Finance has many resources in order for you to become credit card suave.

I just got approved for another credit card.. help!?

The problem with these offers is they usually shoot up to a high interest rate after the introductory period. If you haven%26#039;t payed them off, then you%26#039;re in real trouble. And neither the loan nor the credit card addresses the real problem....that you are spending more money than you can pay off each month.

Take a long, hard look at your spending habits and see where you can modify them.

Are you spending a lot on cable tv?

Buying a lot of new clothes you don%26#039;t really NEED?

Music, movies, eating out?

If you buy your lunch at work at even $3 a day, that%26#039;s $60 a month. (about 20 working days a month)

If you buy even one soda from a machine a day, that%26#039;s $30 or more a month.

One less restaurant meal out a week will save you at least $30 a month

Make a list of all you spend in a week, on other than the necessities like rent, grocerys....You may be shocked.

I just got approved for another credit card.. help!?

Its funny actually...

You want to take out a loan to pay off a loan....

its not really paying off a loan, its shifting your debt burden to someone else,be honest.....wouldnt it be easier to sell some junk and Really pay off the debt?

I just got approved for another credit card.. help!?

It seems like you are falling into a debt trap like many others. It took me a lot of discipline to come out of the trap. Would you believe at one time I had seven credit cards. A few articles that I suggest would help you:

Debt Consolidation - Get Out Of Debt

http://www.askaquery.com/Answers/qn1643....

How to Hire a Debt Counselor?

http://www.askaquery.com/Answers/qn1584....

What is Debt Relief?

http://www.askaquery.com/Answers/qn1583....

Debt Management and Building Wealth

http://www.askaquery.com/Answers/qn1581

How to lower your debts?

http://www.askaquery.com/Answers/qn1576....

How to reduce debt : How to lower your expenses?

http://www.askaquery.com/Answers/qn1577....

Building Wealth by Reducing Debt

http://www.askaquery.com/Answers/qn1578....

How to Manage Your Credit Card Debt?

http://www.askaquery.com/Answers/qn1579....

I just got approved for another credit card.. help!?

I%26#039;d :

- keep this new credit card (if really no interests and fees)

- pay back a maximum on other accounts

- lower the limit on other accounts (to the minimum : 500 $ or below)

- find an other %26quot;no fees for 6 months%26quot; credit card