Over the limit

[Creditrecipe]

Hello all,

I have a friend who is looking to get a few new credit cards. He is currently over the limit on his chase credit card, $11,300 on 11k limit card. He has good credit history and I just do not know his options. His fico 8 scores are 715 and has good payments history on mortgages and cars. 

I would assume that no new credit card lenders will touch him while he is over the limit even if he does a bal transfer on the new applied for card?

[pipeguy]

Some lenders will - Cap-1 comes to mind - however, the question is why is he over his limit?

The reason I ask is if one is running 100% plus on current credit cards, its not really a good idea to increase available credit. For utility yes, if you get the combined limit/usage under 50% or better under 30% (don't think you can get it under 10%), but for lack of control "spending" or "live on credit cards", it's a very bad idea.  

[Anonymous]

What other credit cards does he have now and what balances does he carry? Does the 715 FICO score reflect the current over-limit balance yet? Why is he looking to get "a few" new cards?

[Anonymous]

If the chase was paid off Chase would take good care of him. If he is not paying interest on it yet I strongly urge you to throw everything you can have at it to knock down before that happens. Chances are slim that another creditor will give the same limit to balance transfer but if he had it down to 40 or 50% many creditor would open up to take the load.