In need of some advice on getting a high limit card and consolidating.

[Thebrandonlogan]

I have been doing research, and more research, and even more research.

I am looking for a card I have a good chance at getting a high balance on so that I can transfer a balance and save on the interest. Everyone here seems to have much more experience on the subject than I can get from the hundreds of articles on Google. You all have personal experience, so I figure why not ask those who have first hand done this type of thing. So let me paint the picture:

Cards I currently have on my report are...

American Express Premier Rewards Gold - Open <--- Use the Most

American Express EveryDay - $2,000

Bank of America Cash Rewards Visa Signature - $4,000

Bank of America Travel Rewards Visa - $700

Barclaycard Arrival Plus World Elite MasterCard- $7,000

Best Buy MasterCard - $2,200

Best Buy MasterCard - $100 <--- Oldest Card (Was originally just a store card then they made it a Mastercard about a year ago.)

Capital One Quicksilver One MasterCard - $3,000 <--- Second Oldest Card (Was originally Platinum was upgraded.)

Chase Sapphire Preferred Visa Signature - $13,000 <--- Most Active Credit Card

Citi ThankYou Preferred Visa - $4,250

Discover it - $13,600

I have about $5400 I want to transfer off of my Discover it because of the interest. I was looking at Chase Slate but have read a lot about how it is approved for a small limit a lot of the time, and also I already have a card with Chase, I am not sure if that hurts my chances of getting another high limit.

Any advice on what to do in this instance?

Thanks in advance!

[heyarrnold]

That's a tough question to answer as there are too many factors that play a role in determining whether or not you'll be approved for a CC with a high enough limit for a BT. 

First, I would check and see if you have any balance transfer offers on your current accounts. Check your Arrival. Barclays loves giving BT offers. Your CSP may also have a BT offer. I called Chase today to see if there were any offers on my CSP, and a BT offer was available. It's not what I was looking for, but you are. So give it a try!

[Thebrandonlogan]

Thanks heyarnold.

I am trying to avoid adding to my CSP. I have about $4000 on there. The only cards I have balances on are my Discover and my CSP. 

I do realize there are a lot of factors. I was wondering what cards have had most success with high limits. 

[heyarrnold]

Well, Chase is known for giving higher limits once you've had one of their cards. For example, I was approved for a CSP two years ago for 8k. Last year, I applied and was approved for the Explorer at 32k. 

I've had great success with Citi. The Prestige was the first Citi card I held and that was approved for 15.5k. 

Those are just some points. But I would definitely look at your Arrival. That should have a pretty good BT offer. 

[Thebrandonlogan]

Thanks again! Going to look into it, my only concern is the utilization on my Arrival. 

[Anonymous]

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@Thebrandonlogan wrote:

I have been doing research, and more research, and even more research.

I am looking for a card I have a good chance at getting a high balance on so that I can transfer a balance and save on the interest. Everyone here seems to have much more experience on the subject than I can get from the hundreds of articles on Google. You all have personal experience, so I figure why not ask those who have first hand done this type of thing. So let me paint the picture:

Cards I currently have on my report are...

American Express Premier Rewards Gold - Open <--- Use the Most

American Express EveryDay - $2,000

Bank of America Cash Rewards Visa Signature - $4,000

Bank of America Travel Rewards Visa - $700

Barclaycard Arrival Plus World Elite MasterCard- $7,000

Best Buy MasterCard - $2,200

Best Buy MasterCard - $100 <--- Oldest Card (Was originally just a store card then they made it a Mastercard about a year ago.)

Capital One Quicksilver One MasterCard - $3,000 <--- Second Oldest Card (Was originally Platinum was upgraded.)

Chase Sapphire Preferred Visa Signature - $13,000 <--- Most Active Credit Card

Citi ThankYou Preferred Visa - $4,250

Discover it - $13,600

I have about $5400 I want to transfer off of my Discover it because of the interest. I was looking at Chase Slate but have read a lot about how it is approved for a small limit a lot of the time, and also I already have a card with Chase, I am not sure if that hurts my chances of getting another high limit.

Any advice on what to do in this instance?

Thanks in advance!

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When you say use the most and most active card is that the same? what balances are you carrying and what kind of balance are  you looking to transfer?

[heyarrnold]

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@Thebrandonlogan wrote:

Thanks again! Going to look into it, my only concern is the utilization on my Arrival. 

---

No problem! But do remember that Chase is no longer approving those applicants who have opened more than 5 accounts in the last 24 months, regardless of issuer. 

[Thebrandonlogan]

I use my Amex for anything I would put on my debit card then I just pay the Amex off. Because its a charge card.

My CSP is my most active credit card. So anything that I hold a balance on goes on there. I've had a balance on my Discover for a little bit now and it is down to about $5400. I only carry another balance on my CSP of $4000. That is all I have on my cards right now. 

[Anonymous]

Request a credit limit increase on the discover.

What are your scores and inquiries?

I would do a debt shuffle instead of opening another account. If you had a barclaycard Ring or something with no BT fee, you can throw it on that card, and then go to your discover card and transfer it to that for 0 for 12 months.  I would go look at each card and see what BT offers they have.

[Anonymous]

honestly look into a card you actually want to have. most cards have 12-18 months of 0% interest anyway but you just pay that one-time 3% payment. getting a $5,400 limit shouldn't be too much issue for you.

side note: save yourself the fee and convert your QS1 to a QS