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Balance transfer question

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prabs99
Regular Contributor

Balance transfer question

I have a balance of 3k on my Amex card with CL of 7k. I got an offer on Discover card with 0% on balance transfer. I was wondering if I transfer my balance, will Amex reduce my CL?

FICO (Discover) 805
Message 1 of 3
2 REPLIES 2
Gunnar419
Valued Contributor

Re: Balance transfer question

Credit line decreases aren't as common as they were a few years ago after everything went to hell, and you'll usually only get them if you have something wrong in your overall credit picture that makes you look like more of a risk than you were when you got your present CL. Dropping a balance by itself shouldn't be enough to trigger a decrease.

 

Message 2 of 3
prabs99
Regular Contributor

Re: Balance transfer question

Awesome. Thanks a lot. I was reading in another forum where people were getting blacklisted. Or maybe I was not understanding the lingo they were using.
FICO (Discover) 805
Message 3 of 3
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