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Balance Transfer or New Card?



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amother
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Post Wed, Oct 07 2020, 6:18 pm
I'm hoping someone here can help me figure this out. We have about $10 thousand dollars on a credit card that we are working on paying off. I had it on a zero percent interest card but that expired and I want to roll over the balance to a different card.
Probably because of COVID, the only balance transfer offer I have available right now is one with a low interest rate (1.99%), no zero percent offers. I recently got an offer in the mail from a different bank to apply for a card with a zero percent offer on balance transfers. The time period for these offers is about the same, my question is, am I better off paying some interest on the amount for the next year and a half or better off opening a new card which I otherwise don't need.
Our credit is good, we refinanced in the summer, but I don't know if opening a new card will have a real impact on our credit rating.
Any thoughts?
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