Pre-approved for 5% loan; consolidating debts
I was pre-approved for 5% on a 5 year fixed rate loan at RBC. It says i can add any exsiting non-RBC debt into a loan. I would like to put my 2 credit cards (canadian tire and Capital one) and my auto loan into 1 loan. I also have an RBC credit card which i would like to add as well BUT it says for NON-RBC debt. I was thinking of transfering my RBC credit card to my capital one card so i can add them to 1 loan.
Do you think it's a good idea?