Credit Card Forum
  1. #1
    Centurion Member
    Join Date
    Jan 2012
    Location
    Salt lake city, UT
    Posts
    330

    Default Transferring balance from one Chase card to another?

    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
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Centurion Member
    Join Date
    Aug 2011
    Location
    Phoenix
    Posts
    922

    Default

    Quote Originally Posted by irvine801 View Post
    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Centurion Member
    Join Date
    Jul 2011
    Location
    New York
    Posts
    1,341

    Default

    See if they'll cut a check to you. Then do what you will with the cash.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Centurion Member
    Join Date
    Jan 2012
    Location
    Salt lake city, UT
    Posts
    330

    Default

    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
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Green Member
    Join Date
    Jun 2014
    Location
    New York
    Posts
    3

    Default

    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?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Centurion Member
    Join Date
    Feb 2012
    Location
    Norman, OK
    Posts
    131

    Default

    Quote Originally Posted by Moinmoin View Post
    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  7. #7
    Green Member
    Join Date
    Jun 2014
    Location
    New York
    Posts
    3

    Default

    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?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  8. Centurion Member
    Join Date
    Feb 2012
    Location
    Norman, OK
    Posts
    131

    Default

    Quote Originally Posted by Moinmoin View Post
    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  9. #9
    Green Member
    Join Date
    Jun 2014
    Location
    New York
    Posts
    3

    Default

    Thanks!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  10. #10
    Centurion Member
    Join Date
    Jun 2013
    Location
    US
    Posts
    746

    Default

    Quote Originally Posted by haikuginger View Post
    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.