Is my credit affected if I move over balance from high balance card to lower one?

credit card
Tom G asked:


I have 2 credit cards with equal remaining balances (about 50% each) I want to move high interest card to low interest card. Does this affect my credit score, as it would now show one account almost maxed out?

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One Response to Is my credit affected if I move over balance from high balance card to lower one?

  1. simoncrowe_1
    January 26, 2010 at 12:43 am

    It will not adversely affect your credit rating at all. I’m fairly sure actually that it will do it good as you’re paying off one credit card in full.

    As long as your making at least the minimum payments every month then there’s no problems.

    Congratulations on being smart with your money by the way, but rest assured, it’s all good.

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