topic Re: Two cards with 25k SL recommendation in Credit Card Applications

Two cards with 25k SL recommendation

cmoe — Thu, 16 May 2024 12:05:53 GMT

I just closed on a home. I'm looking for two cards, possibly with 25k and above SL and 0% APR for at least 15 months. Current scores: 796 EQ, 797 TU, and 810 EX. 5 reported inquiries: 2 will be removed in September from Chase and Bofa, two recent mortgage inquiries, and 1 WF inquiry.I have WF reflect with $12,500 not in my signature yet. App'd in September 2023. I’d appreciate any recommendations.

Re: Two cards with 25k SL recommendation

JoeRockhead — Thu, 16 May 2024 12:09:52 GMT

Outside of possibly higher AF cards, with your inquiries and the average credit limits of your current cards, I just don't see any realistic chances at landing two new approvals with a $25k+ SL. When you add in the desire for 0% for 15 months or more, the choices become even slimmer. Maybe someone will chime in with some other considerations.

Re: Two cards with 25k SL recommendation

CreditCuriosity — Thu, 16 May 2024 12:41:13 GMT

99% not going to happen I am sorry. Maybe 25k SL although that is unlikely as well add the 0% APR and that is a certain not likely especially for 15 months.. Slight chance at 12 months but certainly not that limit and terms at 15 months. Might hit up a CU such as BECU/BCU and they might offer such a card or CU's in general but nothing especially those limits and terms are guaranteed.

Re: Two cards with 25k SL recommendation

FicoMike0 — Fri, 17 May 2024 01:39:48 GMT

Here's a list,

https://www.doctorofcredit.com/list-of-0-apr-credit-card-offers/

Re: Two cards with 25k SL recommendation

Horseshoez — Fri, 17 May 2024 02:34:55 GMT

@cmoe wrote:
I just closed on a home. I'm looking for two cards, possibly with 25k and above SL and 0% APR for at least 15 months. Current scores: 796 EQ, 797 TU, and 810 EX. 5 reported inquiries: 2 will be removed in September from Chase and Bofa, two recent mortgage inquiries, and 1 WF inquiry.I have WF reflect with $12,500 not in my signature yet. App'd in September 2023. I’d appreciate any recommendations.

We're in a pretty similar situaiton, my scores are about 15-20 points lower than yours and I closed on a new home last Friday, Saturday I pulled the trigger on two new cards and came away with starting limits of $30K (NFCU) and 8K (Chase), however, neither has a 0% balance transfer offer. I'm inclined to agree with other folks on this thread, the odds of getting not one, but two 25K+ cards with 0% balance transfer offers for 15+ months is somewhere between slim and ain't freakin' happnin'.

Re: Two cards with 25k SL recommendation

FicoMike0 — Fri, 17 May 2024 14:57:11 GMT

Some ads,

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Re: Two cards with 25k SL recommendation

cmoe — Tue, 21 May 2024 03:45:05 GMT

Thanks for the advice and links shared. I applied for BofA customized cash rewards, WF autograph, and Active cash. WF denied both applications. However, BofA approved me for 14k with 0% APR for 15 months. I called them to see if they could increase it to 25k; the lady said we could submit a request, but it would most likely be reallocated from my existing 40k card and that I could always request some part of my credit limit to be reallocated at any time and the 0% APR would still be applicable. I declined the credit line increase request option and told them I would call back if I decided to reallocate. Does reallocation affect credit scores? I'm considering moving 16k from the 40k card to the new 14k card.

Re: Two cards with 25k SL recommendation

markbeiser — Tue, 21 May 2024 04:26:04 GMT

@cmoe wrote:
Does reallocation affect credit scores? I'm considering moving 16k from the 40k card to the new 14k card.

It only affects your credit score if it moves the utilization past one of the thresholds, ie. from above to below 30ish%.

I'm actually about to reallocate a CL from my BoA CCR card to my Susan G Komen card to get under the 30% penalty. I used it for a large purchase to take advantage of the 0% APR period, but my scores are getting dinged for the >30% utilization.
After I'm done with the 0% APR, I'll pay it off and get the unlimited cash rewards and use it to pay for a new roof, and realocate limits from my 2 existing BoA cards during the 0% period.
I'm quite enjoying having BoA pay me to use their money while they, and other banks, pay me to use my money.

Re: Two cards with 25k SL recommendation

NoMoreE46 — Tue, 28 May 2024 00:15:56 GMT

Congrats on the BofA approval @cmoe !

Feel free to further this discusson in the Approvals area.

Re: Two cards with 25k SL recommendation

MohammedSh — Tue, 28 May 2024 06:01:11 GMT

Congrats on your approval. I am going to lock this thread now, but you can continue the discussion in the Approval board.