credit card application and balance transfer

[edprush]

I want to sign up for a credit card that has 0% APR for 12 months on a balance transfer and $0 balance transfer fee.

I found a citibank card that did this but I was wondering what happens if I request that they transfer the full $10k from one of my other credit cards but they (Citibank) approves me for a credit limit less than $10k. If that's the case, I don't want the card.

 

[DnetMHZ]

Call them?

 

[Gibson486]

didn't you just answer your own question?

 

[edprush]

Originally posted by: Gibson486
didn't you just answer your own question?

no

 

[EPCrew]

in my past experience, they don't do that. they'll put in an app for a credit line and ask for what you're looking for. if you don't get approved for that amount, they'll approve you for a lesser amount. if you don't want the account, then you'll have to cancel and transfer the balance out.

 

[RossMAN]

You won't know until you apply and are approved or denied credit.

Yes it's an evil cycle and it's not fair, it's the way things work.

Either apply and find out or don't, those are you two options.

 

[edprush]

One credit card application (paper) that I received wanted to know the credit card number and the amount I want balance transferred. I wonder if they would transfer only part of that balance over to their card. Why else would they want to know my transfer amount if they weren't going to base my credit limit on it?

 

[EPCrew]

Originally posted by: edprush
One credit card application (paper) that I received wanted to know the credit card number and the amount I want balance transferred. I wonder if they would transfer only part of that balance over to their card. Why else would they want to know my transfer amount if they weren't going to base my credit limit on it?

yes, if you're only approved for a part of the total balance, then that's what you're going to get.

 

[PHiuR]

does applying for a credit card and not getting a 0% APR or getting deny hurt your credit?

 

[SampSon2]

Call them, not a single person here can give you the correct answer.

 

[boggsie]

Originally posted by: EPCrew
in my past experience, they don't do that. they'll put in an app for a credit line and ask for what you're looking for. if you don't get approved for that amount, they'll approve you for a lesser amount. if you don't want the account, then you'll have to cancel and transfer the balance out.

 

[EPCrew]

i'm an expert at balance transfers... i've done it enough times. i was finally able to consolidate everything onto 2 cards. and then took out a loan to knock one of the two out. now i have about 16k on one card and another card that i spend with and pay off every month. i plan to be vritually debt free by the end of this year. all $30k of it.

 

[MikeyIs4Dcats]

You can call and talk to them. I called on one in the same situation, and he was able to tell me after going through the process if I was approved or not, and then I was able to decide to continue the transfer or not.

 

[SampSon]

Originally posted by: EPCrew
i'm an expert at balance transfers... i've done it enough times. i was finally able to consolidate everything onto 2 cards. and then took out a loan to knock one of the two out. now i have about 16k on one card and another card that i spend with and pay off every month. i plan to be vritually debt free by the end of this year. all $30k of it.

How the hell do you get into 30K of credit card debt to begin with?

 

[EPCrew]

Originally posted by: SampSon

Originally posted by: EPCrew
i'm an expert at balance transfers... i've done it enough times. i was finally able to consolidate everything onto 2 cards. and then took out a loan to knock one of the two out. now i have about 16k on one card and another card that i spend with and pay off every month. i plan to be vritually debt free by the end of this year. all $30k of it.

How the hell do you get into 30K of credit card debt to begin with?

easy... i've been living in nyc for years. and was in a long relationship with a very high maintenanced girlfriend. i said byebye to her and now i have enough liquidity to keep myself secure for months if i lose my job and i steadily knocking out my debt.

 

[SampSon]

Originally posted by: EPCrew

Originally posted by: SampSon

Originally posted by: EPCrew
i'm an expert at balance transfers... i've done it enough times. i was finally able to consolidate everything onto 2 cards. and then took out a loan to knock one of the two out. now i have about 16k on one card and another card that i spend with and pay off every month. i plan to be vritually debt free by the end of this year. all $30k of it.

How the hell do you get into 30K of credit card debt to begin with?

easy... i've been living in nyc for years. and was in a long relationship with a very high maintenanced girlfriend. i said byebye to her and now i have enough liquidity to keep myself secure for months if i lose my job and i steadily knocking out my debt.

So you were simply living far beyond your means.

 

[EPCrew]

Originally posted by: SampSon

Originally posted by: EPCrew

Originally posted by: SampSon

Originally posted by: EPCrew
i'm an expert at balance transfers... i've done it enough times. i was finally able to consolidate everything onto 2 cards. and then took out a loan to knock one of the two out. now i have about 16k on one card and another card that i spend with and pay off every month. i plan to be vritually debt free by the end of this year. all $30k of it.

How the hell do you get into 30K of credit card debt to begin with?

easy... i've been living in nyc for years. and was in a long relationship with a very high maintenanced girlfriend. i said byebye to her and now i have enough liquidity to keep myself secure for months if i lose my job and i steadily knocking out my debt.

So you were simply living far beyond your means.

maybe, maybe not. i just didn't manage my money as well as i could have. it was much harder then when i had a live-in girlfriend that had no job and a brother that needed spending cash. oh yea, not to mention a mother in-law that had needed to be bailed out of a gambling problem.

 

[SampSon]

Originally posted by: EPCrew

Originally posted by: SampSon

Originally posted by: EPCrew

Originally posted by: SampSon

Originally posted by: EPCrew
i'm an expert at balance transfers... i've done it enough times. i was finally able to consolidate everything onto 2 cards. and then took out a loan to knock one of the two out. now i have about 16k on one card and another card that i spend with and pay off every month. i plan to be vritually debt free by the end of this year. all $30k of it.

How the hell do you get into 30K of credit card debt to begin with?

easy... i've been living in nyc for years. and was in a long relationship with a very high maintenanced girlfriend. i said byebye to her and now i have enough liquidity to keep myself secure for months if i lose my job and i steadily knocking out my debt.

So you were simply living far beyond your means.

maybe, maybe not. i just didn't manage my money as well as i could have. it was much harder then when i had a live-in girlfriend that had no job and a brother that needed spending cash. oh yea, not to mention a mother in-law that had needed to be bailed out of a gambling problem.

hah, I would have told my brother to piss off and get a job, and my MIL to talk to her insurance company for knee replacement after the casino owners shatter her existing one.

 

[EPCrew]

Originally posted by: SampSon

Originally posted by: EPCrew

Originally posted by: SampSon

Originally posted by: EPCrew

Originally posted by: SampSon

Originally posted by: EPCrew
i'm an expert at balance transfers... i've done it enough times. i was finally able to consolidate everything onto 2 cards. and then took out a loan to knock one of the two out. now i have about 16k on one card and another card that i spend with and pay off every month. i plan to be vritually debt free by the end of this year. all $30k of it.

How the hell do you get into 30K of credit card debt to begin with?

easy... i've been living in nyc for years. and was in a long relationship with a very high maintenanced girlfriend. i said byebye to her and now i have enough liquidity to keep myself secure for months if i lose my job and i steadily knocking out my debt.

So you were simply living far beyond your means.

maybe, maybe not. i just didn't manage my money as well as i could have. it was much harder then when i had a live-in girlfriend that had no job and a brother that needed spending cash. oh yea, not to mention a mother in-law that had needed to be bailed out of a gambling problem.

hah, I would have told my brother to piss off and get a job, and my MIL to talk to her insurance company for knee replacement after the casino owners shatter her existing one.

there's more to the story than that. let's just say that the MIL is/was very gullible just like the ex. the ex also had some medical bills of her own. let's just say that heart surgery as an uninsured college student doesn't go a long way.

the brother is a good guy. he was a fulltime student working as much as he could. i would help him out when he needed, but it wasn't an all time thing. i still keep in touch with him and he keeps to his word. i would still help him out if he needed it.

 

[Baked]

$10K balance... why don't you just file for bankruptcy/

 

[edprush]

Originally posted by: Baked
$10K balance... why don't you just file for bankruptcy/

I don't really have a $10k balance...I just want the 0% APR to 'invest' the $10k+ elsehwere.