topic Re: Card With High Max Balance Transfer Amount? in Credit Cards

Card With High Max Balance Transfer Amount?

Rikkumz — Mon, 03 May 2021 17:33:39 GMT

I'm currently looking for a card with a long 0% BT APR period. But I also need a large max BT amount in the range of $25K.

I was under the impression that max BT amount is usually just the credit limit of the card. But most of the cards I'm seeing have a max of $10K?

Anyone have any personal insight on this?

BTW, if anyone needs more info for a better assessment, my FICOs generally range from 780 to 805. I had done a good job with my credit starting back in 2003, but the pandemic took a nice little hit on my small business operation. No late payments or anything, but obviously an increasing amount of debt.

Re: Card With High Max Balance Transfer Amount?

gdale6 — Mon, 03 May 2021 16:25:44 GMT

FNBO offers 1 year 0% on BTs and typically allows up to 90% of CL for transfer amounts, 5% fee.

Re: Card With High Max Balance Transfer Amount?

Rikkumz — Mon, 03 May 2021 16:31:49 GMT

@gdale6 wrote:
FNBO offers 1 year 0% on BTs and typically allows up to 90% of CL for transfer amounts, 5% fee.

Thanks! Any idea what starting CLs are like with them?

Re: Card With High Max Balance Transfer Amount?

tcbofade — Mon, 03 May 2021 16:32:55 GMT

I was seeking the same earlier this year, ended up going with several new cards in order to achieve the balance transfer amounts and ratios that I wanted. (Kept each card under 48% individual utilization)

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/9-10-ain-t-bad/m-p/6255466#M729635

Good luck!

Re: Card With High Max Balance Transfer Amount?

Rikkumz — Mon, 03 May 2021 16:35:35 GMT

@tcbofade wrote:
I was seeking the same earlier this year, ended up going with several new cards in order to achieve the balance transfer amounts and ratios that I wanted. (Kept each card under 48% individual utilization)

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/9-10-ain-t-bad/m-p/6255466#M729635

Good luck!

Thanks for the personal testimonial. The starting CLs and your current credit scores give me some good guidance.