Best Way to Consolidate Credit Cards

[Kathy]

We have 2 credit cards balances (we no longer use) that we are going nowhere fast with. Any suggestions about how to consolidate them? One is at a 0% for about another 6 months and one is at 20%.

Any suggestions?

[4jacks]

Sorry for the late response.
1) Call the 20% Card and ask for a better rate.
2) If 1) fails Call the 0% Card and ask them for a transfer rate for the balance on the 20% (beware of fees)

Other than that, there isn't a big advantage to "Consolidating" credit cards. Keep them on the forefront of your mind, pay them on time, keep them as low interest as possible. The only thing that matters money wise is the lower the rate the better. From a perspective view, it may be beneficial to keep them seperate, which gives you the ability to pay one off and feel a sense of accomplishment.