Should I get a new credit card to transfer balance?

I%26#039;m trying to raise my credit scores and pay off debt at the same time. I am about to finish the 0% period on a card that I did a bunch of balance transfers to. So my question is...should I apply for a new card with a 0% offer? Keeping in mind I want to raise my score.

Should I get a new credit card to transfer balance?

The FICO score is a very complex one. On one hand applying for a credit card will hurt your score (because they have to do a inquiry). On the other hand if you do get a new card and keep it in good standing it will help your score. You also want to not close the card you are transferring the debt from because the longer you have a line of credit in good standing the better it is for your score. Also keep the old card open at a 0 balance (don%26#039;t use it)....because you don%26#039;t want all of your credit to be maxed out on your report. One last piece of info you don%26#039;t want too much unused or open credit on your report. I told you it is very complex. Pull your credit reports and score at least twice a year. Good luck.

Should I get a new credit card to transfer balance?

Rember your credit score from credit cards is partially reflected on how high your balances are vs. your availbale credit. As long as you don%26#039;t have to many cards, you should be able to open a new account and transfer your balance without a negative reflection on your card. It may actually help your score.

Should I get a new credit card to transfer balance?

I would, rasing your score is secondary to paying off your balances and not making new debts at this time.....at the best rate you can get. If you are getting offers of 0 balance transfers, you probably already have decent credit....you will save 100%26#039;s of buck in interest over a year or two if you get another zero balance...thus allowing you to pay of your debt much more quickly