Will I get approved for a balance transfer?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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Joined: Fri Mar 02, 2012 1:00 pm
Location: Columbus, Ohio

Will I get approved for a balance transfer?

Postby Novahcac » Fri Mar 02, 2012 1:19 pm

I've currently got a 3 credit cards:

  • Discover Card, 0% APR (on current balance only, purchases are more) until Feb 2013, Balance of 1450
  • Chase Slate Card 0% APR on purchases until June 2013, Balance of 3000
  • CitiBank Platinum Select 0% APR on purchases until April 2012, Balance of 3850
I have recently got a new job so i'll be able to dump 1,300 into solving this mess per month, and probably more than that.

For the time being i'm trying to figure out what the best plan of action would be. I've got that Citi card intro balance ending soon (which will skyrocket to like 20.99% sadly) and I'm trying to see how i can make this simpler.

My credit rating is just under 700.

I'd like to transfer the balance of the card that's coming up soon, onto another card. I'd also like to transfer the balance of the discover card (if limits allow) onto that new card as well, which would effectively close two cards, and leave me with two, instead of three one of which has horrible interest.

Knowing what i've told you, do you think I'd get accepted for another 0% intro apr balance transfer card? I only got the chase slate card recently (within a month), and I don't know the exact metrics that are used to decide whether or not i'd be accepted. Also this might be a dumb question, but assuming my application is accepted, is it possible to apply for a new Citi Card (I'm considering the Citi Simplicity card) and transfer balances between one Citi card, to another (newer) citi card? Keep in mind, i opened the original one on a 0% balance and have never paid interest.

I've got a much better financial situation (in terms of income, heh) than when I started out, and i'm looking for the best way to do it. I've not paid interest yet, and i'd like to not to have to start now.

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Postby ooxs » Sat Mar 10, 2012 6:41 am

Depending on your total available credit, you might get approved. I might be wrong but I don't believe you can transfer balance from one citi to another. Sometimes you have to pay interest, you might want to check out wells Fargo and take advantage of another 0% offer if CITI is not an option, and the drawback is high interest after 12 months and the possibility that you might have more to spend with this new credit line.

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