Balance transfer help

[Bigtonyp24]

My fiancé has a credit with very high balance. It's her only card she has with a balance. It's 12k what card should she get for a transfer and who would be generous with limit. She has around 700 score. She has roughly 70k in open credit

[Anonymous]

With the information that you provided, it seems like your fiance wouldn't have much trouble applying for a BT card, but to transfer the full 12k to only one card might not be possible. She might need to transfer to 2-3 cards, which wouldn't help much in term of minimum payment but should help her avoid the interest (some BT has minimum payment of $25 while other a percentage of the balance).

Some suggestions:

Chase Slate

Discover IT

Citi Thankyou Preferred

Citi Simplicity

[NRB525]

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@Bigtonyp24 wrote:
My fiancé has a credit with very high balance. It's her only card she has with a balance. It's 12k what card should she get for a transfer and who would be generous with limit. She has around 700 score. She has roughly 70k in open credit

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With $70k already in open credit cards, (those are credit cards, right?) Which credit cards does she have and what are the limits on each card? Depending on that list of cards, there may be one or two in there which can already provide BT offers.

[Bigtonyp24]

I don't know if chase slate would give her a high sl her high balance is on the chase southwest. Also what about Amex everyday. She has an Amex true earnings card for over 2 years always pays in full. What ccc would give the highest amount?

[Bigtonyp24]

She has 5k bofa cash rewards, tj max MasterCard 7k, gap visa 7k, Amex true earnings 5k, target visa 7k, 12k southwest that is maxed and about 10 other cards a mix of store cards and store visa and master cards

[Anonymous]

short term:

Discover offer 0% for a year with 3% transfer fee

Long Tern

Balcaycard Ring at 8% interest and 0% transfer fee.

These 2 worked for me. I'm sure there are others.

[NRB525]

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@Bigtonyp24 wrote:
She has 5k bofa cash rewards, tj max MasterCard 7k, gap visa 7k, Amex true earnings 5k, target visa 7k, 12k southwest that is maxed and about 10 other cards a mix of store cards and store visa and master cards

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Alright, so not $70k of available credit. Store cards do not count, no way

I see about $22k of real VISA/MC/AMEX credit cards.

And Slate is right out, don't bother with that, because she won't be able to transfer from Chase SW Airlines to Chase Slate. Cannot do a BT within the same bank.

If she goes to the Citi website, and uses the Prequalification tool there, to look for a Citi Credit card with balance transfer features, does she get any offers with something like the Simplicity, with a specific APR and not a range of APR? If so, if it's one APR listed, that prequalification tool is pretty solid, would likely result in a good app. If it's just a range, not so certain.

How about Capital One Quicksilver? Any prequalifications on Capital One?

If she can get one BT card from either Citi or Capital One, then that can take on some of the $12k. She should be getting BT offers already from BofA on the Cash Rewards card, right? So that is an option for some portion of the balance.

Ultimately, though, even with BT to lower rates, she's got to commit to cutting spending to put that money toward paying down this balance, because the high interest may be quiet for a while, but it's going to come back and start costing money again.

[Bigtonyp24]

So Amex everyday is out?

[NRB525]

No, I just have very little familiarity with BT to AMEX. I tried to do one a few days ago to my EDP, and could not find the links.

If you get a good limit with AMEX ED, it's as good a destination as any other.

[Bigtonyp24]

I Really appreciate your help I think she wants to apply for the Amex everyday and depending on that we will see if she needs to apply for another card. If anyone has input on average starting limits I'd greatly appreciate it for a bt card