How to get the best credit card balance transfer

JPNYC · ‎03-29-2016

I would like to transfer all of my credit card balances to a new card with a low APR. I have about 6 open cards that total 45K and I'm getting killed with high interest rates each month. I have a good Fico Score (735) and I would like to cut the fat but not sure how to do it.

How do I know that I'll get approved for a low apr with a hight limit of 45K?

Anonymous · ‎03-29-2016

@JPNYC wrote:
I would like to transfer all of my credit card balances to a new card with a low APR. I have about 6 open cards that total 45K and I'm getting killed with high interest rates each month. I have a good Fico Score (735) and I would like to cut the fat but not sure how to do it.

How do I know that I'll get approved for a low apr with a hight limit of 45K?

Welcome to the forums.

Sorry but the chances of you or anyone being approved for a balance transfer card with a limit of 45K is just about zero. For that amount, you'd be far better to look into a personal loan to pay off the cards. Even then, getting that amount is very difficult

Anonymous · ‎03-29-2016

you may not be able to do it immediately but get one card and xfer lets say $5k (or whatever the card limit is. that was an example number) and go from there. it's not immediate but it helps some

Anonymous · ‎03-29-2016

I agree with both of the above. Get a loan with a not-horrible interest rate. Then when your revolving util is in good shape then see about BT card(s).