- Gold Member
- Posts: 29
- Joined: Tue Feb 25, 2014 5:54 am
- Location: Ohio
I have multiple questions about credit limit transfers.
1. Will companies do them. If so, which ones? I have cards from Chase, PNC, BoA, FIA Card Service (which is also BoA, I suppose), Discover, and GE. I'm most interested in knowing about BoA's policies on this.
2. When applying for a card and calling recon, will offering to pull part or all (thus closing that card) of a credit limit from another card from the same company that one might have already opened in order to help get the card approved?
3. When discussing with a credit analyst one's starting credit limit on a recently approved card, can one offer to transfer part or all of a credit limit from another card (thus closing that other card) in order to increase the credit limit of the new card? Like, say I am offered a $5,000 CL on a new card, and I offer to transfer and close the full $5,000 CL from another card, would some banks go for that?
Whats's in the wallet: Discover It - $3,800 (5% rotating, ShopDiscover), Sallie Mae Rewards MC - $1,000 (5% on gas, groceries, and Amazon), Chase Freedom Visa - $1,200 (5% rotating + 10% extra w/ Chase Total Checking), PayPal Extras MC (1.66% on PayPal, 2.5% on Restaurants- $3,000, Bank of America Cash Rewards Visa Signature - $5,000 (Signature benefits), PNC CashBuilder Visa - $1,000 (Don't use), Fidelity Investment Rewards Amex - $5,000 (2% on everything)
. . . and some store credit/charge cards.
-US Bank Cash+ (for the 5% categories)
-1-2 0% APR cards for some big purchases I'll be making within the year