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Need balance transfer card

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Established Member

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
Established Contributor

Re: Need balance transfer card

Have you tried Discover Card Pre Qualify page?


Message 2 of 20
Established Member

Re: Need balance transfer card

Message 3 of 20
Established Contributor

Re: Need balance transfer card

 


@pfisterfarm wrote:

Not yet... it is this one?

 

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


YES!


Message 4 of 20
Community Leader
Valued 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: 18.7k
Amex BCE: 18k
Citi DC: 4.7k
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Message 5 of 20
Established Member

Re: Need balance transfer card

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

Message 6 of 20
Valued 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.
>06/2019 CCT EX 829 TU 848 EQ 831
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Message 7 of 20
Established Contributor

Re: Need balance transfer card

No, You can Have (2) Discover Cards.


Message 8 of 20
Regular Contributor

Re: Need balance transfer card


@pfisterfarm 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.

April 19 - EX8: 686 - INQ: 1/12 13/24


EQ8/9: 680/738 - INQ: 9/12 - 26/24 | TU8: 682 - INQ: 3/12 - 19/24
Message 9 of 20
Established Contributor

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



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Message 10 of 20