conversation: User (AutoModerator): "\n### New members, please read through the [New User Orientation.](http://www.reddit.com/r/personalfinance/wiki/newuser)\n\nThis a continuation of Moronic Monday. Anybody can post a PersonalFinance-related question in a Moronic Monday thread and not get made fun or downvoted of for it. It provides a safe spot for asking questions you fear may come off as "moronic."\n\n*Make a top-level comment if you want to ask a question in a safe space! Don't downvote "moronic" questions!* If you have not received your answer within 24 hours, you can feel free to [start a discussion](http://www.reddit.com/r/personalfinance/submit?selftext=true).\n\n**A big thank you to the many PFers who take time to answer other people's questions!**\n\nFor past Moronic Monday threads, please search the [Weekly Archive](https://www.reddit.com/r/personalfinance/search?q=Triumphant+Thursday+author%3AAutoModerator&amp;sort=new&amp;restrict_sr=on&amp;t=year#res-hide-options).\n"
  Self: "(Technically on Tuesday, oh well!)\n\n\nGiven that the age of your credit accounts is a factor in determining your FICO score, is there any harm to opening a card to take advantage of the 0% intro rate, transferring a balance, paying off the balance, and closing the new card? \n\n\nCitiCards continues to send me offers of 21 months @0% and I'm considering moving the CC debt that I'm paying down over to it (3% fee for the move) to save the interest while I pile on the payments. I don't have any desire to keep the Citi card open after that as I already have a CapitalOne and Discover that I've been very happy with."
  Vaxxy (Vaxxy): "There's no harm to your credit score in the long run, just the short run. A lot of churners open cards for their signup bonuses and close them (or keep them open and don't use them) after utilizing them."
  