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Need balance transfer card

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Anonymous
Not applicable

Need balance transfer card

I have three cards currently. The balances have gotten kind of high lately, due to car repairs and other expenses. I can make the minimum payments OK, but that doesn't really make much of a dent. I was hoping to apply for a new card just for balance transfer (no new purchases). I applied for a Chase card and just got the letter that I've been declined due to high balances relative to credit limits. Will I be turned down for other cards? Should I (or even can I) get my credit limit raised? I want to pay these balances off as soon as possible, but I don't want to take forever doing it. What are my next steps? 

Message 1 of 20
19 REPLIES 19
M_Smart007
Legendary Contributor

Re: Need balance transfer card

Have you tried Discover Card Pre Qualify page?

Message 2 of 20
Anonymous
Not applicable

Re: Need balance transfer card

Message 3 of 20
M_Smart007
Legendary Contributor

Re: Need balance transfer card

 


@Anonymous wrote:

Not yet... it is this one?

 

https://www.discovercard.com/application/prequal


YES!

Message 4 of 20
pinkandgrey
Senior Contributor

Re: Need balance transfer card

Yeah, deifnitely try for Discover. Their card is great for BTs and then even after you pay it off. 

Discover It: 21.5k
Amex Cash Magnet: 18k
Fidelity Visa: 13k
Apple Card: 4.25k
Message 5 of 20
Anonymous
Not applicable

Re: Need balance transfer card

One of my current cards is a Discover... will that be a problem?

Message 6 of 20
Meanmchine
Super Contributor

Re: Need balance transfer card

Amex has BT offers attached to their BCE and BCP aand CM cards.  Try their prequal tool

 

Exactly, what is your current debt / total CL  ratio.  Are you looking too transfer all your balances to the new card or just a portion.  What are your current FICO scores

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>5/2023 All 3 reports 840ish (F8) F9s = 850 but my app finger is still twitching
Message 7 of 20
M_Smart007
Legendary Contributor

Re: Need balance transfer card

No, You can Have (2) Discover Cards.

Message 8 of 20
Anonymous
Not applicable

Re: Need balance transfer card


@Anonymous wrote:

One of my current cards is a Discover... will that be a problem?


You can have 2 as long as your first one was obtained at least a year ago.

Message 9 of 20
Anonymous
Not applicable

Re: Need balance transfer card

Note: if you want to balance transfer a current balance with a disco card, you WILL NOT be able to transfer that to another disco card.

I do not believe any bank will allow BT from one card to another card held by same bank.

 

just wanted to put that out there if you were not aware and that is the plan

Message 10 of 20
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