Hi... Need some opinion here..

I have aCitibank Gold Card user with total amount of 13000. Monthly interest is 13.5 % p.a

Lets say i want to settle the total 13000 with the option below:

Option A:

Just Pay the 13000 to the CT card and clear all the balance. Is there any fee waive / discounts for lum sum settlement ?

Option B:

Apply for a HSBC credit card and Then do a Balance Transfer from CT to HSBC under this program, transferring 10 K. The balance at CT 3k pay cash.

so, the 10k i transfer will b charged 5.99% p.a and i intend to lum sum settle it within 12 months or straight away settle.

Which is more untung for me in terms of $ that i can save in this process ? Option A or Option B ?



thanks in advance ya...

This post has been edited by Serround: Jul 4 2010, 10:51 PM

thanks for the tips.

any chance i can nego with my bank regarding some waive / discounts for full settlement ?

yeszzz

now i know what to do ..

thanks evrybody!