Credit Card Advice
I actually get to start some of the hard core financial dealings I wrote about in the last post real soon. As a condition of my house closing, I had to pay off a credit card -- actually, I would have had it paid off by now, but then I decided to buy a house, and my lender was pretty clear that for the time being I should not spend a cent of my hard cash, that included paying anything over minimums then. So paying off the card is kind of a bonus for me, instead of all my closing cash just going to fees and whatever (it has to do with the type of loan I got -- it includes a large government "gift").
So I am in the happy position of being, um, 1/3 debt free. Here's the thing: this isn't going to last long. Because I only get half my loan up front, I basically have to credit the other half until my house inspection is cleared.
1) Negotiate a lower rate on all three cards by threatening to move the funds and cancel the card.
2) Negotiate a low transfer rate and shift everything around.
3) Cancel one card and open a great, rewards, 0% for 12 months, etc, card.
Have any of you been in a similar situation? What did you do? I assume I'll do some combination of 1 + 2, but if I do 3...what card do I get? Do any of you have an awesome credit card (as far as credit cards go) that you'd recommend?
Furthermore, do any of you have any negotiating "tricks" when it comes to getting your percentages lower? Mine aren't too bad to begin with, so I'm hoping to not have too much trouble, but of course they won't give it up with out a fight.
Leave comments if you feel like spreading the joy to my millions of readers (or actually, the millions of people who've been googling "waive into DC bar" lately -- congrats 2007 CA bar passers!), or just shoot me an email at twotimingthecosmos[at]gmail[dot]com. Thanks!