MHB Best Outcome for Personal Finances using Credit Card Math Help

[jayke]

Ok forum. I'm looking for the best possible outcome given the following circumstances about paying for personal finances.

What you know:
I have a 0% interest Credit Card with 0% transfer fee with 3,000 Credit Limit

I have a 3,000 Rent Payment that must be made in 7 days

I have 3,000 in cash in a Bank

I have 2,400 Balance on a credit card that must be paid up immediately

I have a 10,000 Balance on a credit card at 8% interest rate that charges a 4% transfer in fee

I have a 10,000 Balance on a credit card at 16% interest rate that charges 0% transfer in fee

OK, let's here your answer to obtain the best possible outcome.

 

[Greg]

Hello and welcome to MHB, jayke! :D

We ask that our users show their progress (work thus far or thoughts on how to begin) when posting questions. This way our helpers can see where you are stuck or may be going astray and will be able to post the best help possible without potentially making a suggestion which you have already tried, which would waste your time and that of the helper.

Can you post what you have done so far? Also, some clarification of terms may be necessary. What is a "transfer fee", for example?

Do you have any other source of income?

Using cash on hand, you have a remaining debt of $2400 that must be resolved. Can you find the most economical way of meeting this amount? Again, more information, i.e. how interest on the credit cards is calculated, may be needed.