Hello everyone!
I am currently helping out my uncle manage his finances. He currently has about $6,900 in credit card debt. His FICO scores are between 700 and 714 across the 3 bureaus. He needs to transfer a balance and I am trying to find him a good balance transfer card that will offer a reasonable starting limit.
His current cards are listed below:
Citi Simplicity - $650 balance, $2k limit
Bank of America Cash Rewards - $3,200 balance, $6,500 limit
Elan Financial (closed) - $2,900 balance, $6,500 limit
Comenity Dental - $0 balance, $11,000 limit
I was considering getting either Chase Freedom or Discover for him. Which one would probably give him a higher limit? Are there any others out there offering a long term BT? He doesn't have any negative accounts or anything like that. Thanks in advance for your help!
UPDATE: I tried the Chase prequalifier and it came back with nothing, even though they send him mail all the time. I tried Discover and it was pre-approved. We applied and they came back with a $10k approval, which will be anough for him to consolidate all the balances onto one card. Thank you Discover!
@RehabbingANDBlabbing wrote:UPDATE: I tried the Chase prequalifier and it came back with nothing, even though they send him mail all the time. I tried Discover and it was pre-approved. We applied and they came back with a $10k approval, which will be anough for him to consolidate all the balances onto one card. Thank you Discover!
Now thats worth a Huge
I was leaning towards them anyway because I recently had my own Discover card graduated to unsecured and got a nice CLI to $2,000. They are easy to do business with and I haven't had a single issue with them (i.e. holding payments, bad customer service, etc.).