I just closed on a home. I'm looking for two cards, possibly with 25k and above SL and 0% APR for at least 15 months. Current scores: 796 EQ, 797 TU, and 810 EX. 5 reported inquiries: 2 will be removed in September from Chase and Bofa, two recent mortgage inquiries, and 1 WF inquiry.I have WF reflect with $12,500 not in my signature yet. App'd in September 2023. I’d appreciate any recommendations.
@cmoe wrote:I just closed on a home. I'm looking for two cards, possibly with 25k and above SL and 0% APR for at least 15 months. Current scores: 796 EQ, 797 TU, and 810 EX. 5 reported inquiries: 2 will be removed in September from Chase and Bofa, two recent mortgage inquiries, and 1 WF inquiry.I have WF reflect with $12,500 not in my signature yet. App'd in September 2023. I’d appreciate any recommendations.
We're in a pretty similar situaiton, my scores are about 15-20 points lower than yours and I closed on a new home last Friday, Saturday I pulled the trigger on two new cards and came away with starting limits of $30K (NFCU) and 8K (Chase), however, neither has a 0% balance transfer offer. I'm inclined to agree with other folks on this thread, the odds of getting not one, but two 25K+ cards with 0% balance transfer offers for 15+ months is somewhere between slim and ain't freakin' happnin'.
Thanks for the advice and links shared. I applied for BofA customized cash rewards, WF autograph, and Active cash. WF denied both applications. However, BofA approved me for 14k with 0% APR for 15 months. I called them to see if they could increase it to 25k; the lady said we could submit a request, but it would most likely be reallocated from my existing 40k card and that I could always request some part of my credit limit to be reallocated at any time and the 0% APR would still be applicable. I declined the credit line increase request option and told them I would call back if I decided to reallocate. Does reallocation affect credit scores? I'm considering moving 16k from the 40k card to the new 14k card.
@cmoe wrote:Does reallocation affect credit scores? I'm considering moving 16k from the 40k card to the new 14k card.
It only affects your credit score if it moves the utilization past one of the thresholds, ie. from above to below 30ish%.
I'm actually about to reallocate a CL from my BoA CCR card to my Susan G Komen card to get under the 30% penalty. I used it for a large purchase to take advantage of the 0% APR period, but my scores are getting dinged for the >30% utilization.
After I'm done with the 0% APR, I'll pay it off and get the unlimited cash rewards and use it to pay for a new roof, and realocate limits from my 2 existing BoA cards during the 0% period.
I'm quite enjoying having BoA pay me to use their money while they, and other banks, pay me to use my money.
