I had a quick question about balance transfers relating to the strategies in this thread that I hope someone can answer...

Say I got card (Card A) that currently has $0 balance and $5000 credit limit.
I wanna apply for another card (Card B) from a different company, and with the application I mention I want to balance transfer $5000 from Card A. Will they approve this? So if the balance transfer goes through I will have a -$5000 credit on Card A, and Card A will just send me a check for $5000? With that check I can pay off the $5000 balance on Card B?

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snoopy123, the key is to use the card heavily but not have a large (>50%) balance AT THE CLOSE of the billing cycle. Other threads discuss why in more detail.

Question:
Have a 15k Cap One line and recently was offered 2.9 for life on BT. Wanted to move 20k Citibank and 21k Penfed car loan to the Cap One card. Customer Rep said the computer approved a 2k limit increase (to 17k). The rep told me there isn't any other steps to take for appeal, etc. Is this correct information? Should I ask for a supervisor or is this just a waste of time?

Thanks.

Disclaimer: I know I don't have a limit over $25K. I'm just posting this as a potential way others could get one.

As a freshman in college I received two Citibank cards by signing up for free t-shirts or whatnot. I merged the two cards for a total CL of about $2000. Since then, I'm been going to their online services and clicking the "credit line increase request." I am now up to a CL of $15,800. When you click this option, it will either take you to a credit line increase request form (not the way to go) or it will automatically present you with an increased CL. It seems to me that which page you go to depends on how much you've spent. In general, I click this every few months. I've noticed that in months where I haven't used the card at all I'll get the request form (bad) but if I used it moderately I will get a new CL. It's taken me 3 years to get a CL of $15,800, after starting at $2,000. I know it's not much, but as a student with relatively no income I think it's sizeable. I'm just posting this so that some of you out there with real incomes that can get a respectable CL to start with can then multiply it, hopefully as much as I did. Good luck.

DaveHanson said:Capital One MilesOne WorldCard, $30,000. Opened 10/04. Approved upon opening for $30K. I'm certain this was because we BT'd $29,900 upon opening the line.

Hi DAve,

I tried looking for the card you mentioned above and couldn't find any info on their website. I believe most of the card they offer has a max limit of $20,000.

Got a Providian invitation with access code. Applied and got a $30k limit with 0% offer until August 2005.

bob330i said:I also carry a couple $20k plus cards (GM Card started at $7.5k and Southwest Card, started at $11k) as my main CC's for purchases and they occasionally have been increasing my CL w/o requesting it. These two cards are always paid off every month.

Is it the no annual fee Southwest MC? What was your income, credit scores, credit history length, etc. like when you were initially approved for 11K CL? Was it issued by the same bank at the time (Juniper)?

DaveHanson said:lumolelu, this was a mailed solicitation. Cap1 offers many products only to targeted customers, esp so-called "super-prime" customers with top FICO scores.

Thanks for the reply Dave. That explains the amount in itself. BTW, before the $30k card, did you have cap one card before? If so, could it somewhat affect their decision in the CL?

I got a Cap1 2.9/life up to $30K solicitation recently.

I called on it because my HELOC is going nowhere but up, and I had to get a car loan today anyway, so I've decided to do an app-o-rama. The bastiges at the dealership ran a hard pull on me, so I had two pulls getting the car financed. (At least on EXP. My CU only pulls Exp, but I haven't checked EQ and TRW yet to see what the dealer pulled.) My EXP score was 790 yesterday before the pulls, and 781 today after the two from the dealer and CU. I also applied for the USB "free laptop" card since my wife's machine is dying, and the difference between the 10.9 on it and the 8 I'm still carrying on student loans (you try having consolidated in 98) is negligible to make it worth the hassle. According to the FWF thread, they pull EXP, but EXP won't let me do two checks in a day, so I can't verify until tomorrow.

So I probably had three pulls on EXP in the past 24 hours by the time I called Cap One. I asked them for a 22K BT, but didn't get an instant approval. I suspect I'm going to get a 'too many inquiries' rejection or a $500 card, but I guess I'll have to wait and see.