Credit Card Center Advertiser Disclosure

Frequent Contributor
Posts: 252
Registered: ‎06-08-2009
0 Kudos

Balance Transfers w/ Chase

OK-so I recently received a Chase World MC and Visa Signature CC-I've found out through this forum that most World and Signature CC's do not report the CL but the balance owed w/no CL at first and from then on your highest ever paid balance-I am at 29% on my utilities(58K in Total CL's w/16.8k in Total Balances) and am in the "getting my utilities under 10% in 6mnths" mode-my thought was to Balance transfer say 4k to my Chase MC(CL=5K,Balance = $400)-let the balance report-pay 2.5k this month a little before the due date-1k the next mnth-and the rest the third mnth-how would this work exactly?-After the first 2.5k payment ,would the info reported to the CB'S read that my CL=2.5k and Balance=1.5k for the first mnth-CL=3.5k and Balance=$500 the second mnth-and CL=4k w/ Balance=0 the third mnth w/4k CL being reported thereafter as my CL?  I've also read on these forums that Chase doesn't really care for BT's and that in the past they reduced CL'S when a Balance Transfer was made- Also are BT's in general frowned upon-like I said the only reason why I want to make a BT to my Chase MC is so I can have a CL=4k factored into my Credit Reports(and it also lower APR@13.24%- I also received a Platinum Visa (CL=15k)from Addison w/I believe no fee and 3.99% for the first 12mnths on a BT since I'm a new Platinum Cardholder - I want to put 4k on this card just to put some activity on the card and to take advantage of the offer and uave it paid in 6mnths-Any info/input/advice is greatly appreciated-ThanksSmiley Wink

Amex Platinum Charge(NPSL); Starwood Amex Preferred CC(20K CL); Diners Club ELITE MC(20K);Diners Club Premier MC(20K,could've sworn the rep said 25k, oh well lol);Delta Amex Reserve CC(21K CL); Amex PRG Charge(NPSL); United Presidential Plus Chase World Elite MC (15K CL); AARP Chase Visa Signature(35K CL); NFCU Visa Platinum(20K CL) NFCU LOC(15K); NFCU Go Rewards MC(17.5K); Disover IT 7.8K;
First Tech Federal Visa Platinum(15K CL); Simmons First Visa Platinum(9K CL); Wells Fargo Visa Platinum(7.5K CL); CitiBank Sears MC(6K CL); JCPenney Card(7.5K CL); Lowes(2.5K CL);Barclays Mile & More Lufthansa 12.5K.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.