topic Re: Easiest Approval Balance Transfer Card? in Credit Cards

Easiest Approval Balance Transfer Card?

loviedovie — Wed, 21 Oct 2020 02:49:28 GMT

Hi fellow credit nerds!

What BT card should I go for with this credit profile?:

Equifax FICO 745

Current Cards, Balances & Limits:

**Chase Saphire Preferred $15,200 balance/$27,200 limit

- Citi TYP $0 balance/$10,700 limit

- CareCredit $0 balance/$8,300 limit

- Nordstrom $0 balance/$8,000 limit

- Banana Republic $0 balance/$5,050 limit

- Macy's $0 balance/$5,000 limit

Re: Easiest Approval Balance Transfer Card?

Anonymous — Wed, 21 Oct 2020 02:35:47 GMT

Navy Platinum

Discover, check their prequal

Re: Easiest Approval Balance Transfer Card?

K-in-Boston — Wed, 21 Oct 2020 02:43:56 GMT

@loviedovie wrote:

FICO 745 (credit score 680)

This line was a bit confusing and depending on the models those can either be fair, okay, good, or very good. For FICO 8, which is the most commonly used scoring model (and you have a score for each bureau), there can be a world of difference between 680 and 745. Do you know your FICO 8 scores for Equifax, Experian , and TransUnion by chance? Citi should provide you with a FICO 8 Bankcard Enhanced Equifax score which isn't quite the same as a regular 8, but should give us some idea. You can get a free Experian FICO 8 score at creditscorecard.com even without being a Discover customer.

How old are your youngest and newest cards? How many credit cards have you opened in the past 24 months? 12 months? Any late payments, collections, bankruptcies?

Re: Easiest Approval Balance Transfer Card?

loviedovie — Wed, 21 Oct 2020 02:48:45 GMT

Thanks @K-in-Boston good questions!

My Citi FICO (Equifax) is 745 but CreditKarma says I have a 680 credit score? I don't understand that..

Credit History:

- 126 months of on-time payments. I have never had a single late payment. No collections, no nothing.

- My oldest card was opened in 2011 and my youngest in 2014.

I DID lease my car last November so that has $12k left on the next 3 years, they pulled my credit twice for that I was so mad.

That's it! Thank you for your help!!!

Re: Easiest Approval Balance Transfer Card?

K-in-Boston — Wed, 21 Oct 2020 02:56:24 GMT

@loviedovie wrote:
Thanks @K-in-Boston good questions!
My Citi FICO (Equifax) is 745 but CreditKarma says I have a 680 credit score? I don't understand that..

Credit History:
- 126 months of on-time payments. I have never had a single late payment. No collections, no nothing.
- My oldest card was opened in 2011 and my youngest in 2014.
I DID lease my car last November so that has $12k left on the next 3 years, they pulled my credit twice for that I was so mad.

That's it! Thank you for your help!!!

Okay, the Citi score is Equifax FICO 8 Bankcard Enhanced (which uses different criteria and goes to 900 instead of 850 like a regular FICO 8 score). Credit Karma provides VantageScore 3.0 scores which are not really used for credit applications. Sounds you don't have a lot going on at all for credit seeking other than the car, so the key would just be to find out what yours real FICO scores are, then who is lenient for having a single card with high utilization. Are you eligible for NFCU membership?

Re: Easiest Approval Balance Transfer Card?

loviedovie — Wed, 21 Oct 2020 04:10:55 GMT

Thanks again @K-in-Boston! Thanks also @Anonymous but I don't qualify for any military credit unions. My people are all civilians.

Sounds like my best bet is to figure out who is most lenient for a single card with high utilization?

Re: Easiest Approval Balance Transfer Card?

cahoot2005 — Wed, 21 Oct 2020 04:23:37 GMT

Might want to check out NIHFCU. 2% BT fee, 15 Months 0%. Good opportunity to start a relationship with a CU instead of a big boy....diversify! You can get in with a membership to American Consumer Council (great deal), hard pull for membership, but they let you use the same pull for multiple products.

Re: Easiest Approval Balance Transfer Card?

Harvey26 — Wed, 21 Oct 2020 04:52:45 GMT

@cahoot2005 I joined NIH FCU and didnt incur a HP until I applied for a loan with them.

Re: Easiest Approval Balance Transfer Card?

cahoot2005 — Wed, 21 Oct 2020 04:54:36 GMT

@Harvey26 wrote:
@cahoot2005 I joined NIH FCU and didnt incur a HP until I applied for a loan with them.

How long ago did you join?

Re: Easiest Approval Balance Transfer Card?

Harvey26 — Wed, 21 Oct 2020 05:42:42 GMT

@cahoot2005 08/11/20

Re: Easiest Approval Balance Transfer Card?

Anonymous — Wed, 21 Oct 2020 06:45:54 GMT

@loviedovie Citi and Discover have decent balance transfer options. Citi by far has the longest term I've seen at 18 months.

As has been mentioned above, a credit union would also be a good choice to consider such as the PenFed Gold card.

Unfortunately, most require the 3% bt fee.

Re: Easiest Approval Balance Transfer Card?

Harvey26 — Wed, 21 Oct 2020 14:26:34 GMT

@loviedovie Suntrust has a prime rewards card no BT fee 3.25% for 3 years on BT. Other than that Citi or Discover would be your best bet.