Pay more than the minimum due.
Monthly
If you can move the balance to a lower interest rate card then yes it is a great idea. If the rate isn't lower though, transferring your credit card balance to a new card is pointless. It's generally not a good idea to transfer balances between credit cards. Fool.com has a some great tips on balance transfers.
For credit card holders, a good way to consolidate debts is by transferring your outstanding balances to your card that holds the lowest interest rate. That way, your monthly payments will be significantly lower. Calculate your debts and see if they can be consolidated with your low interest card. Move from one card to the next until you find one that can fit all of your balances.
I believe Citicard allows this
If it is allowed in your credit card contract.
In order to transfer your balance from one credit card to another, it is best to first review all of your credit cards, their limits, how much you owe, and various benefits of each card. Then, transfer higher rate balances to cards with lower rates.
Zero interest credit card transfer balances allows a person to transfer the outstanding debt (as long as it is within the limit) to another credit card without incuring any new interest.
paying off no, closing the account yes. 6,000 owed/10,000 credit limit =60% of credit used2,000 owed/3,000 credit limit=66% of credit used=lower fico
No unless the primary gives the secondary permission too
Typically, people consider transferring high interest rate balances to a credit card that offers a lower interest rate. The best way to accomplish this is to contact the lower rate credit card company and set up the transfer (this is a relatively quick process). This company will ask for the higher rate credit balance and assist you in transferring. After you get a notice that the transfer is complete, you can close your higher rate credit card.
Yes, balance transfers are commonly used to move balances from a high APR to a lower rate. But the transfer will impact the credit of the cardholder receiving the balance.
Consolidation companies are a scam. If you contact your credit card companies directly many of them have programs that will lower your interest rates for a period of time so you can pay your balances off.