It depends on utilization. So if you are approved for a 6k limit, and transfer 5k - you'll get hit pretty hard (15+ points depending on overall profile) for high / near max individual card utilization until you pay it down. However, if your approved limit is high enough that individual util on that card will remain at less than 28% of its credit limit after the transfer balance posts, you'll be fine.
Opening a new account may or may not ding your FICO scores- it depends on how a new card affects your AAoA (average age of accounts). Vantage (credit karma) and FICO respond to new accounts very differently - so using CK for even a rough estimate is not a good idea.
Opening a new account may or may not ding your FICO scores- it depends on how a new card affects your AAoA (average age of accounts). Vantage (credit karma) and FICO respond to new accounts very differently - so using CK for even a rough estimate is not a good idea.
Also - check cap one balance transfer terms before you app - you mentioned you wanted to pay off your cap one platinum, but I don't think you can transfer a cap one balance to another cap one card - most issuers don't allow that (only only transfers from outside creditors). You may have to look into other issuers for a good BT offer.
I don't know, you situation is interesting. You have good scores, but high util. Your CL's are decently high, so it is a real question about what a new card would give you for a SL. Citi is good for BT's, but SL's run low.
It's a dice roll in your case and the way I look at it, hard to predict.
Depends on how long the BT offer is available - if it's a 0% offer for 12 months, and you can pay it off in 6 months, then you'll have another 6 months to do a second transfer at that 0% rate. Some card issuers offer low or 0% BTs to card holders regularly - like Citi and discover, so even if you take the entire 12 months to pay one transfer, odds are high that you could easily take advantage of another BT offer for a second transfer.
Most issuers allow 3 or 4 simultaneous transfers - so if you get approved for a high enough limit, you could transfer more than one balance st once - so long as you are confident in your ability to repay before the end of the offer period so you don't get hit with insane interest.
Most issuers allow 3 or 4 simultaneous transfers - so if you get approved for a high enough limit, you could transfer more than one balance st once - so long as you are confident in your ability to repay before the end of the offer period so you don't get hit with insane interest.
Yea i dont know how being a joint / authorized user affects internal BTing -- you would have to call chase to confirm, but I'm inclined to believe it's forbidden.
Discover is great for BTs and they are a flexible issuer. I've even read where they have approved temporary credit limit increases to cover BT balances, when requested - so that may be a solution to a lower limit upon approval. If you have a solid preappoval from them, it may be your best option.
Discover is great for BTs and they are a flexible issuer. I've even read where they have approved temporary credit limit increases to cover BT balances, when requested - so that may be a solution to a lower limit upon approval. If you have a solid preappoval from them, it may be your best option.
Edit to previous post:
Read BT terms fully. Some terms require all transfers be initiated within a certain time frame (like within 90 days of account opening) to take advantage of the offer. So you may have to do your transfers simultaneously as opposed to doing one transfer, paying it off, then a second transfer unless the issuer offers a new BT deal for the second transfer.
Read BT terms fully. Some terms require all transfers be initiated within a certain time frame (like within 90 days of account opening) to take advantage of the offer. So you may have to do your transfers simultaneously as opposed to doing one transfer, paying it off, then a second transfer unless the issuer offers a new BT deal for the second transfer.