People on creditboard forum might be more apt at answering your question.
Generally speaking i would say pay off the debt you have. Find a way to pay off your delinquent line of credit and see if you can work out with the bank whether they will remove the delinquency if you pay it off in full. Use your discover card but pay off most of the balance (leave $10) before statement hits each day.
The fact that you have a lot of student loan debt should not damage your credit as long as you are making the payments on time.
Probably no reason to apply for another card since you do have one card and an installment loan (your student loan) that you can grow. Plus you probably would not be approved for anything else with such low scores. You could try to get a store card with shopping card trick but I do not get more than one or two of those.
It's the baddies holding you back - working on those should be your priority.
The Lake Michigan Credit Union Prime Platinum Visa boasts one of the lowest ongoing APRs out there: right now, it’s 6.25% variable. The card has no balance transfer fee, so if you need to carry your debt for substantially more than 15 months, this can be a better pick than the Chase Slate.
Thoreau said: Spark appears to have a business credit card with 0% on balance transfers through June 2015. Link here: It looks like the balance transfer fee is, indeed, $0. However, the the balance transfer APR is apparently "12.9%, 16.9% or 20.9%, based on your creditworthiness." Link.
Apparently low initial CLs and tedious application process from skimming that thread
The deal is back and better than before!
LINK website said: Limited Time Only: Get 0% intro APR for 12 months on VISA balance transfers! And No Balance Transfer Fees!
Applies to new and existing VISA accounts (Student VISA excluded). Transfers ($500 - $25,000) made between January 1 to March 31, 2015.
Also website said: • 5% Cash Back rebates on gas purchases • 1% Cash Back rebates on all retail purchases • No Balance Transfer Fee • Credit limit up to $25,000 for qualifying members • Low interest rate • No Annual Fee
There is also a now similar user-maintained list at the App-O-Rama site. It is not linked from the main page to keep it somewhat under the radar, but SIS asked me to mention it here.
There is an older thread on this topic, but it hasn't been updated in many months and the cards are listed in the OP, so they can't be updated by anyone except the OP. Also the What Credit Card Should I Get ? FAQ is focused on rewards cards. For those of you who regularly browse the AOR threads, you probably won't see much new here. However, I think there is a large segment of this forum who ignore those threads since they have no interest in doing an AOR, but still wants to take advantage of some balance transfer deals.
If I have a Chase Slate card alone, would my wife be able to apply for a Slate card and do the 0% no fee balance transfer? We have never shared any credit cards (or any lines of credit now that I think about it). Just wondering if it is 1 per household.
She could not use it directly to pay your Chase card off if that is what you are asking, but you can find some easy ways to do it through another bank -- use a CU CC that has a 0% BT fee, use a convenience check to pay into your (non-Chase just to be sure) checking account (check T&C if this gives you the same terms as a BT), pay off other debt you might have, etc.
topic -- I don't know that we really know the answer to this. We do know there are lots of variables involved. I'm sure AAoA is one, relationship with the issuer another and probably the most important one: The issuer. Income as related to total balance outstanding may also play an important part. Certainly credit score also. There are likely other factors as well, depending on the issuer. Perhaps deposit accounts with the issuer.
DCU was pretty concerned when I stretched things out to a lot of issuers at high utilization. They do soft pulls frequently, so they get this info. Ditto with Foremost Bank.
A lot my cards don't do periodic pulls, so I don't think they'd ever see another issuer's balance with me.
I've had large lines highly utilized with BOA with no AA, but I've been with them forever. Same with Chase. I've also had some CU CCs with high UT and have had no AA with them.
Back before the 2008 crash, there were some FWFers that made a point of paying $10 or $20 over the minimum every month. I haven't seen much written about that lately. Some of my CCs allow that in their autopay feature, some don't. If they allow it, I do it. It is cheap insurance whether it gives any benefit or not.
Aside: Congrats on your $25K line (EDIT: App-O-Rame thread ).
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