I'm going to be paying down my debt to an overal utl of about 30% I'm hoping this will increase my scores enough to be able to receive a credit line increase so I can transfer the balance on one of my high interest cards to a lower one. I have established at least 9 months history (or more) with each account.
I'm hoping that before I have to risk a hard pull that Capital One will have some kind of BT offer for me? I've had both cards since Sept 2014. Only limit increase has been from credit steps a year ago. PC'ed a Platinum to a Quicksilver, but that was over 6 months ago.
I still have an open 0% balance transfer, fee free offer from Chase until Sept 2016, but only a $500 limit. I've just paid this to $0.
I would like to ask Barclay because I have an 8.5% rate on the Ring, but I've heard they're stingy with increases?? Will be paid to $0 upon request.
I estimate my scores will be 640-670 or better after balances report. How should I approach this?
@JSS3 wrote:
How much are you looking to BT?
None of the above cards are good for huge icreases. Cap1 offers 0%APR BTs at their discretion(in my case, like once a yr)
Chase rarely gives you an increase that's worth the hard pull.
Barclays increases are nothing to write home about either.
...but as always, your miles my vary.
A tip going forward is to get in with lenders who are known for sending BT checks and growning your limits with them for times like these. When one needs a BT card is when they're unattainable...or approved for a low amount.
This is why I got in with Discover and Bank of America and looking to be approved by FNBO. BoA sent me another BT check just today. I get them weekly. Discover always has BT offers.
Unfortunately for me, I did not get approved for those cards.
