@RRobi92106 wrote:So I don't want to 1) Leave cash on the table and 2) Ruin my average CL...
According to Chase I am preapproved for Slate Edge, Freedom Flex, Freedom Unlimited, Saphire and Saphire Reserve.
Credit scores in the mid 800's (about 840 averaged out). Income nearly half a million per year. Zero inquiries. Zero debt EXCEPT for a small $180,000 mortgage (on a $3,500,000 home). Average limit about $30,000 (I never ask for CLI's or would be much higher)...
My purpose of opening this card is to transfer about $40,000 worth of debt from my son's cards and give him a SINGE PAYMENT with ZERO interest--help get him back on his feet!
The Slate Edge is the ONLY card that mentioned 0% for 18 months. It would save him $3,000 per month! Huge savings for him.
However--this card reads like it is for beginners of credit or lower scores...?
I don't want to apply for the Slate Edge if it's going to generate a $2,500 limit--when the Saphire Reserve would likely give me $30,000-$50,000...
So my question is--does the Slate Edge receive just as much as the Saphire Reserve? Or would I be leaving behind a lot of limit?
I need at LEAST $25,000 to achieve any headway on our goal--is this something Slate Edge can even get to?
Thank you all!
--Robi
Do not apply for the Slate Edge. It always gives starting limits that are way too small for any significant balance transfers.
Your best bet would be a credit union, non-rewards platinum card with no balance transfer fee. Unfortunately 25k is a tall order. Your best bet for that amount as a starting limit would probably be the NFCU platinum or the BECU platinum.
