Transferring balance from one Chase card to another?

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irvine801
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Transferring balance from one Chase card to another?

Postby irvine801 » Wed Apr 11, 2012 11:14 pm

I need a Chase Slate to do a balance transfer. Already have a Freedom. Will I get approved and does Chase let you do transfers to another Chase card? Just out of curiosity. FICO is 630-650ish.
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit


CC Deville
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Postby CC Deville » Thu Apr 12, 2012 4:34 pm

irvine801 wrote:I need a Chase Slate to do a balance transfer. Already have a Freedom. Will I get approved and does Chase let you do transfers to another Chase card? Just out of curiosity. FICO is 630-650ish.


Nope. Most credit card issuers have verbiage in the offer that you cannot transfer the balance from an existing card with that bank/credit union to a new account. Also 630-650 FICO is pretty low for Chase. If you do get approved, it will likely be for a small limit.

This is what it says on a balance transfer offer that they sent me in the mail on my Slate: "Transactions from this offer that are made payable to Chase, Bank One of First USA or one of our other related banks or companies may be declined."

Interesting that they put the "may be" declined.

Now, you can skirt this by making the balance transfer check payable to you, deposit it your bank and then write a personal check to Chase for the Freedom balance. I did that last summer in fact. But in terms of a new app, I am pretty sure they will decline the balance transfer request.

Chase Slate is worthless overall and I HATE HATE HATE that verticle design (I made them send me a normal looking one).

I would instead see about having Citibank offer you a balance transfer on your existing Citibank card. A new account will drop your FICO score even more.

DavidNY
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Postby DavidNY » Thu Apr 12, 2012 8:17 pm

See if they'll cut a check to you. Then do what you will with the cash.


irvine801
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Postby irvine801 » Thu Apr 12, 2012 11:37 pm

Thanks for the advice guys. Much thinking to do.. but thanks.
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit

Moinmoin
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Postby Moinmoin » Sun Jun 08, 2014 12:39 pm

I have a question on the same topic. I want to get the Chase Slate to transfer the balance from a Bank of America visa. But is there a way to know before applying how much the balance transfer cap will be?

haikuginger
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Postby haikuginger » Mon Jun 09, 2014 6:46 am

Moinmoin wrote:I have a question on the same topic. I want to get the Chase Slate to transfer the balance from a Bank of America visa. But is there a way to know before applying how much the balance transfer cap will be?


Nope. The balance transfer cap will be the same as your credit line.

Moinmoin
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Postby Moinmoin » Mon Jun 09, 2014 3:44 pm

Oh, I see. In that case, is there a way to estimate how much my credit line will be? Do I need to pull my score to get an idea?


haikuginger
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Postby haikuginger » Mon Jun 09, 2014 5:48 pm

Moinmoin wrote:Oh, I see. In that case, is there a way to estimate how much my credit line will be? Do I need to pull my score to get an idea?


Typically, you'll get a credit line comparable to your existing credit lines- if there's a wide variance there, it'll probably be closest to what you got on your newest card. You might get substantially more than that if your score has increased substantially since you got your last card.

Moinmoin
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Postby Moinmoin » Mon Jun 09, 2014 9:03 pm

Thanks! :D

takeshi
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Postby takeshi » Tue Jun 10, 2014 10:53 am

haikuginger wrote:Typically, you'll get a credit line comparable to your existing credit lines

Assuming that one's credit has not changed and/or the person hasn't hit their internal limit. My first two Chase cards had the same limits. Third was a bit lower. Fourth required reallocation due to hitting their internal limit for me.



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