Balance Transfer while applying; good or bad?

[Anonymous]

I am about to apply to Amazon Chase and they have an option to balance transfer.

I can do so afterwards of course, so wondering if I do BT if it will

a) help with app
b) help with larger credit-line

[jmbfl]

IMO it probably won't help you get approved, but may help you to get a higher credit line. I did use the fact that I had transfered a balance to a new BofA card in presenting a successful bid for an activation CLI. If you need or want to transfer a balance I would go for it w/o hesitation, particularly if the issuer is BofA. BofA loves BT's!

[Anonymous]

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@jmbfl wrote:

IMO it probably won't help you get approved, but may help you to get a higher credit line. I did use the fact that I had transfered a balance to a new BofA card in presenting a successful bid for an activation CLI. If you need or want to transfer a balance I would go for it w/o hesitation, particularly if the issuer is BofA. BofA loves BT's!

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I was kind of thinking the same thing. I am trying to transfer about $3k and was hoping for $8k. My sister got approved on Amazon Chase for that amount with a $30k salary and not much in the way of personal credit (unpaid not yet due student loans, parents amex, etc.)

My only concern is when I went to apply it has a check box for 'My Credit Report is free of serious delinquincies or charge-offs' and I have a CO from 2001 for Cap1 for $1280. Wondering if that will kabaosh me. Otherwise the report is clean and stands at about 720 now.

[haulingthescoreup]

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@Anonymous wrote:

....My only concern is when I went to apply it has a check box for 'My Credit Report is free of serious delinquincies or charge-offs' and I have a CO from 2001 for Cap1 for $1280. Wondering if that will kabaosh me. Otherwise the report is clean and stands at about 720 now.

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We've kicked the Chase Questions of Death around a LOT, and the consensus of opinion is that they are there to discourage idle tire-kickers with currently awful reports and not a prayer of being approved. Since they're going to pull your report (costing you a hard), it's not even being deceptive on your part.

A serious delinquency is a late that is 60 days or greater! If we all waited for those to age off, Chase would not have nearly as many card-holders. Same with the BK question.

I app'ed their Borders Visa with a 90-day that was 2 weeks short of being two years old, and they approved me in 2 days, although it took them two weeks to figure this out. (Their approval process is sadly humorous, or maybe humorously sad.)

[Anonymous]

helped my BF get a higher credit line

[Anonymous]

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@haulingthescoreup wrote:

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@Anonymous wrote:

....My only concern is when I went to apply it has a check box for 'My Credit Report is free of serious delinquincies or charge-offs' and I have a CO from 2001 for Cap1 for $1280. Wondering if that will kabaosh me. Otherwise the report is clean and stands at about 720 now.

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We've kicked the Chase Questions of Death around a LOT, and the consensus of opinion is that they are there to discourage idle tire-kickers with currently awful reports and not a prayer of being approved. Since they're going to pull your report (costing you a hard), it's not even being deceptive on your part.

A serious delinquency is a late that is 60 days or greater! If we all waited for those to age off, Chase would not have nearly as many card-holders. Same with the BK question.

I app'ed their Borders Visa with a 90-day that was 2 weeks short of being two years old, and they approved me in 2 days, although it took them two weeks to figure this out. (Their approval process is sadly humorous, or maybe humorously sad.)

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So do you think there is in reality going to be any difference between approval/CL with a 720 and Cap1 CO from 2001 and clean one with say 730/740?