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Need a credit card with a nice limit to help decrease consumption.

Valued Contributor

Re: Need a credit card with a nice limit to help decrease consumption.

Do you belong to a CU where you could possibly get a consolidation loan?
Message 11 of 23
Regular Contributor

Re: Need a credit card with a nice limit to help decrease consumption.

I guess I will redefine 'nice limit'. I would consider that anything over 5k. I would poss. transfer a total of 6100 if they would approve me for it.

 

That way I would have 2 cards with a 0 balance. Does citi charge a BT fee?

04/2009
TU:745
EQ:764

10/2008
TU: 708
EQ: 708
EX:707
Message 12 of 23
Valued Contributor

Re: Need a credit card with a nice limit to help decrease consumption.

I would defenetly try BOA. High util. is a problem, but you have IMHO good chance to get a card if not directly as on recon. And do not forget ask CLI on activation.

 

BTW, if you apply to one of the 0% BT cards you actually can justify pretty high CL.

 

Good Luck.

IN VINO VERITAS.
Message 13 of 23
Established Contributor

Re: Need a credit card with a nice limit to help decrease consumption.

For your 1st BT yes once you are in with Citi they will give you no fee transfers if you call and ask. They also have a life of the balance transfer rates once you are with them a while, I took advantage of that when i bought a boat 12k at 3.9 for the life of the balance with no fee, you cant get a loan at a bank for a boat at 3.9... I think you will be fine as long as you put the BT of the card with the 90% on the app or specify it to recon if you have to call them.
Message 14 of 23
Established Contributor

Re: Need a credit card with a nice limit to help decrease consumption.

I personally love Citi.... they are great to work with.
Message 15 of 23
Regular Contributor

Re: Need a credit card with a nice limit to help decrease consumption.

The best they could do was 9.25%Smiley Surprised.

 

I guess it is down to citi or BofA

 


stef37 wrote:
Do you belong to a CU where you could possibly get a consolidation loan?

 

 

04/2009
TU:745
EQ:764

10/2008
TU: 708
EQ: 708
EX:707
Message 16 of 23
Valued Contributor

Re: Need a credit card with a nice limit to help decrease consumption.

Good luck!
Message 17 of 23
Established Contributor

Re: Need a credit card with a nice limit to help decrease consumption.

Signature loans at CUs are their most risky transactions thats why there rates are high. CUs are very conservative too. You will be happy with either of the two with your scores you wont have any trouble!!Smiley Wink
Message 18 of 23
Valued Contributor

Re: Need a credit card with a nice limit to help decrease consumption.

I can not say it about Citi, but can say it about BOA.


MrCredit wrote:
I personally love Citi.... they are great to work with.

 

IN VINO VERITAS.
Message 19 of 23
Regular Contributor

Re: Need a credit card with a nice limit to help decrease consumption.

have you considered taking the consolidation loan(interest will only be few dollars more a month) then in a month or two once your credit has rebounded once 0 balance show opening 1 or 2 0% transfer cards to pay off the consolidation loan?(or just leave it if you dont mind paying ~15 more per month and have security knowing you wont be rate jacked for high util)
Message 20 of 23