Applied for Balance Transfer Card too

Applied for Balance Transfer Card too

Seeing as how I just opened a new Chase Cash Plus Rewards Card, I figured if I’m going to do the balance transfer thing I might as well apply for that card right now too so that the ding on my credit score all happens at one time. I believe they group credit requests in a short period of time as one single inquiry, dunno we’ll see.

I just applied for the Citi Platinum Select MasterCard, and we’ll see how that goes. It has 0% interest on purchases AND balance transfers for 12 months, there are no fees even for balance transfers, and you can manage everything including the balance transfer request online. I didn’t get instantly approved, but hopefully I get this card, I just ran my credit score recently and it wasn’t too bad. For those of you that have done balance transfers, how do they determine what kind of credit limit to give you on the new card, I’ve seen some people out there with pretty signifigant credit limits and was just wondering how they went about getting them, the people at Chase wouldn’t budge anything over $10k for me.

Anyone know of any other good balance transfer cards as long as I’m in the mood? 😉 Also if I apply and am approved do they automatically open me an account and send me the cards or do I have a chance to decline them if say the credit limit isn’t high enough?

Edit: Also applied for a Citi Dividend American Express Card which is very similiar to the Chase Cash Plus Rewards Card.

  • I would normally recommend Citi Driver’s Edge … you have 0% APR balance transfer for 12 months, plus juicy rewards afterwards.

    BTW, your understanding of “they group credit requests in a short period of time as one single inquiry” is not accurate. They only do it for mortgage inquiries and maybe auto loan inquiries.

    Good luck!

  • My Financial Journey

    Thanks for the heads up. Guess I’ll be doing some damage to my credit score then, oh well.

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