Balance Transfer Issues despite approval.

Anonymous · ‎11-05-2014

Just got approved for a chase slate with a CL of $1000. I got it in order to do a balance transfer of $1900 from my BoA account (emergency pet surgery with bad timing). I was approved for the slate but only with a $1000 CL meaning I doubt they accepted my balance transfer (I wont know until I get the card in 7-10 days). I also have a chase freedom which has a zero balance and $2500 credit limit (card is actually shredded as I want to stop using credit cards after I pay off this balance transfer).... I'm thinking to call and ask them to transfer $1500 of my chase freedom credit limit to my chase slate so I can successfully have my full $1900 balance transfer from my BoA card transferred successfully... Is this a bad idea, would you all go about this in a different way?

Anonymous · ‎11-05-2014

Why not either ask for a credit limit increase or transfer the boa balance to your freedom?

Anonymous · ‎11-05-2014

@Anonymous wrote:
Just got approved for a chase slate with a CL of $1000. I got it in order to do a balance transfer of $1900 from my BoA account (emergency pet surgery with bad timing). I was approved for the slate but only with a $1000 CL meaning I doubt they accepted my balance transfer (I wont know until I get the card in 7-10 days). I also have a chase freedom which has a zero balance and $2500 credit limit (card is actually shredded as I want to stop using credit cards after I pay off this balance transfer).... I'm thinking to call and ask them to transfer $1500 of my chase freedom credit limit to my chase slate so I can successfully have my full $1900 balance transfer from my BoA card transferred successfully... Is this a bad idea, would you all go about this in a different way?

Do this.

That's still a high UTL on a potential $2,500 limit card. See about transfering $2,000 of it if possible.

Anonymous · ‎11-05-2014

@Anonymous wrote:
Why not either ask for a credit limit increase or transfer the boa balance to your freedom?

OP's promo interest period is probably expired or on the verge of expiring.

Chris679 · ‎11-05-2014

If they go for it I think it is a good idea yes.

Anonymous · ‎11-05-2014

Yea the promo on my freedom is expiring very soon.

Creditaddict · ‎11-05-2014

yes thats not an issue at all with chase and what you should do... transfer $2k from Freedom to Slate and when you pay slate off you can move that limit back over to Freedom and close out slate as it's useless once you finish paying the bt off.

Anonymous · ‎11-05-2014

Ok Ill call them when i get my card... Since you said chase will likely let me transfer my limit does that mean my balance transfer should fully go through too? Or still a chance it wont?

rlx01 · ‎11-05-2014

You have 60 days from approval for the 0 fee BT promo.

You can always submit another BT request online after moving CL.

jsucool76 · ‎11-05-2014

@Anonymous wrote:
Ok Ill call them when i get my card... Since you said chase will likely let me transfer my limit does that mean my balance transfer should fully go through too? Or still a chance it wont?

The BT was most likely auto-declined when it exceeded your original limit. You'd most likely have to process it again Something you could talk to them about when you ask them to transfer the limit. They might just be able to push a button and approve the previous BT request.