@al380 wrote:
Just curious before I start getting hard pulls and rejections if anyone has been able to get any balance transfer cards with already maxed credit cards? I have 701 score and no negatives on my report. I’m just worried with all my close to maxed out credit cards I’ll get rejected. Do credit card companies use a DTI % ? Or maybe I should try a personal loan not sure yet. Any thoughts or suggestions?
Hi OP, if you're trying to get out of credit card debt, I wouldn't add another credit card to the mix. With your cards reporting maxed out, I doubt you'd get approved for another card with a starting limit that would help you. You didn't mention the amount of the debt that you're attempting to transfer, but I'd recommend looking into a personal loan instead of adding a new credit card account. I have a SOFI personal loan and highly recommend them because the process was fast and easy. I applied on a Saturday and had the money in my account by that Tuesday or Wednesday. Good luck to you!
