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4.99% Apr Vs 1.99% APR - help needed

Hoping some one can assist me in making a decision.

I have an outstanding balance of 15K on my mastercard – however I have double that in savings.

Current Rate – 4.99% valid till January 2010
Offered Rate – 1.99% valid till September 2011 max transfer fee of $99

Was wondering if this makes sense to pay this off with the cash I have and deposit a check into my account and owe this money at 1.99% - the reason I want to have this liquid money available in case I loose my job (possibility in this market)

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credit card, apr

Posted 2009-08-12T01:02:05Z
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