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Answer:
$53,000.00 is too high a balance, which means you need to look for a high limit credit card to consolidate your debt onto. To qualify for high limit balance transfer (b/t) credit cards, you are to have a long-term good-to-excellent payment history, high job income and good debt-to-income ratio. If you comply with these requirements, you can choose from among the 3 top b/t cards suggested below. More Card - Clear from Discover Company is created for very good credit and can offer up to $50,000 limit. Its 0% intro APR on b/t for 12 months well help you pay off debt without any interest at all. Pay on time and as much as possible to pay off your balance. Another high-limit card with a b/t option is Blue from American Express. It has a low b/t APR for the life of balance, which helps you save on payments. You are to have a splendid payment history with not a single late payment to qualify for the card. Chase Platinum Visa® is a good choice to make a b/t. It can offer you flexible balance transfer terms based on how good your credit is. Remember, you cannot transfer more than the limit on the b/t credit card. So, probably you will have to move only a part of it. Your approval for any of the cards will depend on lots of factors. But you have more chances if there are no bad payments in your credit report and your job income is larger than the total credit you currently have. |
