Yep, but in more than one step. Use an intermediate short-term BT to an external account to accomplish your goal.

Issuer X:
You have old card A with $10k limit and $8k balances at 12.49% APR
You see an offer for card B from issuer X for a 0% APR.

Issuer Y: You have a card C with high enough limit, and hopefully low/no BT fees (some Citi account offers)

Transfer the balance from A to C a few days before A's statement closes - make sure to xfer the amount plus any finance charges on the amount expected, plus say $10 of a cushion, so that new balance on A's statement will be zero. Apply for B once your $0 balance on A is recorded in a statement; get the card. Then once you get the card, request credit line reallocation from A to B and then request BT from C to B. Now you've both lowered the interest rate and utilization overall and on the new card as well.

I've recently done a chase consolidation/BT. In one call transferred partial CLs from two cards into a new one with 0% BT offer, then BT from an external account. All took about 3 minutes!

taewlee said:can you shift / reallocate credit line and the balance as well?

larciel said:quick newb question.

What's the advantage of reallocating? to get more available funds on CC with better offer? is that the only reason?

and if I want to combine my 5 Chase cards into one simple one, would 4 of the 5 CC show up as 'closed' acct under credit report?

tia

Pretty much, other advantages like just one BT if you want to utilize your full credit limit from that issuer, many have 75$ cap on BT fees, etc.

If you want, you could also leave the min on those cards, 500 or 2k, whatever it is and keep them open.

I have a question:

I applied online for 2 Citibank cards last week & got approvals back on both. I wanted to do a BT for $16k total, but got $8500 on the first card and $8750 on the second. The first card was for 0% for the life of the transfer, as long as you made 2 charges a month. The second was 0% for a year, regardless of account activity. The second card gave me the opportunity to have a check directly mailed to me for the BT...the first one didn't. So, I opted to have the check sent to me on the second offer and have decided to wait on the first to see what I get in my welcome package.

My question is, I'd like to reallocate the second card to the first so I can get my limit close to the $16k I needed in the first place. Has anybody had experience with something like this, especially with brand new cards? Is there a waiting period before they'd let me do this?

Thanks.

AMEX cards issued by Citi, BofA and other banks have nothing to do with American Express-issued cards and their crazy CLI. Would you attempt to reallocate CL between BofA and Citi just because both gave you a Visa card?

dayshad said:I am just asking at what point of time I could do this without the fraud dept giving me a call.I would wait two months

dayshad said:Yes- BOA issued the AMEX card but it's STILL AN AMEX CARD. Now I have a BOA visa card as well. I really want the higher limit on the visa not the AMEX and from this thread we are discussing reallocating lines between cards of the same issuer. So what's so confusing here????

Well, the AMEX "on crack" thread you mentioned deals exclusively with CLI "abnormalities" on the American Express website. That's the confusing part.

Just for another reference point, citi allows reallocation from personal to business which is very helpful for personal credit report utilization numbers. Sorry if a repost.

I have a BofA personal credit card with a fairly large credit limit. I would like to open a new card and transfer the limit from the old card to the new card. However, every single BofA cc offer that I could find (and I have looked long and hard) with a 0% BT had no cap. It definitely makes no sense to do a BT if there is a 3% fee with no cap. However, my current card has an offer to open a new business card with 0% BT and no fee. Does anyone know if it is possible to transfer a credit limit from a BofA personal card to a BofA business card?

CoastieRob said:Vmaxer said:Just got a USAA AMEX in addition to an old Visa. Visa was $20k and AMEX approved for $16k. They let me move all but $2k from Visa to AMEX very easily.

Has anyone else had good luck reallocating btwn USAA cards? I have a $20k limit on their MasterCard, and just got a 0% offer for their USAA Rewards Amer1can Express (12 months), with no BT fee and no convenience check fee. Seems silly not to take this one, although it would be my first 0% offer.

yes, absolutely. i did this very thing with no problems. when i reallocated, i found out the max CL for one USAA card is $50K. see what kind of CL they offer with the AMEX, but i but you can get to this level (perhaps by requesting an increase on the mastercard before reallocating.) USAA seems very generous with CLs.

good luck!

delzy said:Just for another reference point, citi allows reallocation from personal to business which is very helpful for personal credit report utilization numbers. Sorry if a repost.

anyone tried the same with BOA?