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Balance Transfer Options

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Valued Member

Re: Balance Transfer Options

I recently had the BCP increased from 2k to 6k, in fact, that hasn’t even reported to be included in my current total utilization lol. My 6 month CLI mark with Citi is Nov 21, and cap one won’t grant me a CLI because I rarely use the card. As with discover, I think we can all agree they are very temperamental with CLIs, but it’s been about 4 months since my last and usage has fluctuated from high to only small monthly recurring expenses.
Starting Score: 600
Current Score: 700
Goal Score: 750


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Message 11 of 18
Community Leader
Super Contributor

Re: Balance Transfer Options


@CreditJunkie304 wrote:
Wow thankkkkkk you for the clarification! See, I would love to use discover for a balance transfer but I’ve never been given an offer, other than at account opening. And that card is actually my oldest at 5 years. Tempurpedic was just recently opened in August, and that’s 0% for 4 years (very generous) but it will only take maybe 6mo-1 year. I would have had the discover #1 balance paid long ago, but car repairs came knocking.

Are you sure you don't have a Disco offer? I ask because it took me about a year to learn that offers weren’t mailed with a check attached or emailed. Someone posted that they had an offer in their online portal. So I looked and voila, there were 2 offers. I don't know what I would do without this forum. 

GOALS: Garden til APR 2020 and 800 Club


SEP 2019: EX 791, TU 797, EQ 800
JUN 2019: EX 788, TU 794, EQ 779
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $18.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 12 of 18
Valued Member

Re: Balance Transfer Options

Yes I have called and asked twice in the past 6 months for both accounts with no offers Smiley Sad Otherwise discover would be perfect
Starting Score: 600
Current Score: 700
Goal Score: 750


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Message 13 of 18
Super Contributor

Re: Balance Transfer Options

Are you using the second Discover for regular charges, and paying in full? 

 

What monthly payment rate are you paying down the Discover #1?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 14 of 18
Super Contributor

Re: Balance Transfer Options


@CreditJunkie304 wrote:
So I have quite a few cards:
Amex ED- 0/1000
Amex gold- 0 bal
Amex cash mag-1200/2000 (0% until 8/2020)
Amex BCP- daily card, spend about 1200-1500 per month and PIF. 6k limit
Discover IT- 2100/9000 (0% until 10/4/19)
Discover #2- 0/7600
Ulta-0/5250
VS-0/5000
Cap one- 49.99/1350
Care credit-800/15k
Citi-2500/4000 (0% until 9/2020)
Tempurpedic-2500/5700

I only want to pay off Citi because I made a mistake and purchased a drink during my BT, forgetting I would be billed interest, thus making the 0% interest worthless. I’m in my early 20s so my oldest card is from 2014. I guess my concern was more or less if applying for a new card would be more beneficial or harmful for my situation. Pretty much all of the cards besides my care credit promos and the others listed, are/will be 20 something % when they expire. The only BT I have right now is 10.99% for 12 months for Citi, nothing from my other lenders

I think you don't need any more cards.

 

As others have pointed out, the purchase during balance transfer period is not that big a deal and nothing to lose sleep over.


Total revolving limits 732500 (606000 reporting) FICO 8 scores: EQ 715 TU 760 EX 735
Message 15 of 18
Valued Member

Re: Balance Transfer Options

I rotate which card I use daily between discover #2 and my BCP, I switch probably monthly, as for discover #1, I was paying about $600 monthly to that card alone but life happened and now I’m paying between 100-150 per month
Starting Score: 600
Current Score: 700
Goal Score: 750


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Message 16 of 18
Moderator Emeritus

Re: Balance Transfer Options

@CreditJunkie304 over a number of years I ran into the no BTs too?! Someone told me to call in and that was both Citi Bank and Discover Bank. Was fortunate to get good CSRs and they found me BTs that seem to not be available but, they got me connected?!

Food for thought if you haven't already traveled this path.
Starting Score: 300
Current Score: 850
Goal Score: 850


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Message 17 of 18
Valued Member

Re: Balance Transfer Options

Discover plays a weird game, but they've been good to me so I'll stick with em. Just trying to do my best with the situation im in. I've called in once to Discover, but it may be worthwhile to try again with them and my other issuers?? I'll call, and update here if i have any luck

Starting Score: 600
Current Score: 700
Goal Score: 750


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Message 18 of 18
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