Balance transfer help

[Anonymous]

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@Bigtonyp24 wrote:
Her score is a 690. And the southwest card is the only card with a balance so her utlilzation is under 25 percent

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I don't have any additional suggestions or advice outside of what I've given you (her) already. It seems she has made up her mind to go with an Amex product the only thing left to do is apply. Please let us know what she decides to do and the outcome.

[takeshi74]

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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.

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With a maxed card I don't recommend relying on a new card for a BT.  She may be under 25% but that's with a maxed card and that will affect both her approval odds and the limit that she stands to qualify for.  The utilization on the new BT card will matter as well.  Ideally she'd want $36K and I would doubt that to be possible.  Her best best would be to transfer a portion of the $12K and aggressively pay down the remainder and then get to work on the BT.

[Bigtonyp24]

She just texted me and said she was approved for the amex. She was only approved for 5200 and she can only transfer 50 percent of her balance. Should we try to recon a higher limit?

[Bigtonyp24]

I mean of her limit

[Bigtonyp24]

So now we need to move onto the next app. With discover and bank of america if she does a transfer can she us all of her sl? Amex is only allowing for 50 percent of it do the other banks allow you to use the who limit?

[Anonymous]

How old is her TE? If it's 13 statements old, you can just transfer limit. 

[MyDataMyChoice]

Try NASA FCU 7.9% for life on BT   30K Limit Easilly

[NRB525]

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@Bigtonyp24 wrote:
So now we need to move onto the next app. With discover and bank of america if she does a transfer can she us all of her sl? Amex is only allowing for 50 percent of it do the other banks allow you to use the who limit?

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An important question: How much per month is she paying already toward the $12k balance? A lot more than just minimum payment I hope.

With BofA, she can likely go to $4k, but that's with an expectation of beginning significant payments the first month, not minimum payment amounts.

Also, +1 TW comment about the True Earnings, how old is that card?

[NRB525]

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@Bigtonyp24 wrote:
She just texted me and said she was approved for the amex. She was only approved for 5200 and she can only transfer 50 percent of her balance. Should we try to recon a higher limit?

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With AMEX there is not a recon to higher limit. What she can do is try the on-line Request A Credit Limit Increase button, once the card is in hand and activated, as long as she has not tried it in the last 6 months. That will be a SP review for a CLI, but no guarantee a CLI will happen. No penalty for trying, so worth a shot.

[Anonymous]

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@NRB525 wrote:

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@Bigtonyp24 wrote:
She just texted me and said she was approved for the amex. She was only approved for 5200 and she can only transfer 50 percent of her balance. Should we try to recon a higher limit?

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With AMEX there is not a recon to higher limit. What she can do is try the on-line Request A Credit Limit Increase button, once the card is in hand and activated, as long as she has not tried it in the last 6 months. That will be a SP review for a CLI, but no guarantee a CLI will happen. No penalty for trying, so worth a shot.

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And should request 3x limit...assuming she hasn't requested a CLI in the last 181 days.