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Answer:
Thank you for the question. Your credit limit is determined by the bank according to your credit report. Sometimes it is possible to call the bank and request a credit limit increase. However, you are not likely to get a credit limit increase from $6,500 to 15,000. As far as we can understand you had only one card and now you have two. One of them is a new card with 0% APR for balance transfer. The old one has high APR you do not want to pay. We recommend you to apply for another card with 0% APR for balance transfer to transfer the rest of the debt. You will have more cards but they will have 0% APR on balance transfer. It will be easier for you to pay off your debt. You can keep your old card or cancel it if you wish. You can have up to 5 credit cards without damaging your credit score. Here are the cards with the most favorable conditions for balance transfer. More Card-Clear by Discover. The card has you a year-long introductory period with 0% APR on balance transfer. Maximum balance transfer fee is $75. There is no annual fee for this card. You can enjoy a 6 months introductory period with 0% APR on all purchases. The card has very reasonable ongoing APR. More Card - Clear also gives you a cash back bonus on home, gas, travel, restaurants, movies and up to 1% on all other purchases. Citi CashReturns Card by CitiBank This card also offers 0% APR on balance transfers during the introductory period (up to 12 months). It has no annual fee. The only disadvantage of this card is that it does not have a maximum balance transfer fee. You will have to pay 3% of the amount transferred. The advantage of the offer is that it gives you 20% bonus on the cash back earned during the first year. Platinum Visa by Chase Bank This is a great card that has an intro period of up to 12 months with 0% APR on balance transfer as well as purchases. No annual fee comes with this offer. You will need to pay a 3% balance transfer fee, $75 maximum. Ongoing APR can be as low as 10.99%. This card has no rewards. So your top choice would be More Card-Clear by Discover. We recommend you to check your credit report before submitting the application to make sure there is no incorrect information. This is very important because all these cards are for god credit only. You can get a free credit report at our Credit History Center at http://www.credit-land.com/ . |
