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Question By
Fredbco

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How do I go about doing a balance transfer.
How do I know if I apply for a new credit card the credit line will be high enough to cover the transfer amount.

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Top Contributor
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You've been a member of this site for almost four years. You should be taking the time to read the informative articles.

This question has been asked and answered many times. Under this same community section, towards the right pane there's a search area. Key in 'balance transfer' and you will see multiple replies.

Top Contributor
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How to do it? You apply for a balance transfer card and if approved then you will do the balance transfer per the instructions of the card company you are transferring the balance to.

Will you get a credit line high enough to cover the transfer? This is completely unknown until you apply. You cannot find out what the credit line amount will be beforehand. The best thing that you could do is to read the reviews on balance transfer cards and see what other people in situations similar to yours are saying. Reading a multitude of reviews on a card can be very helpful to aid in your decision. Also remember that many credit card companies have preapproval links on their websites that you can check before actually applying. All in all, it will depend on how good your credit is at this time and how much of an income that you have.

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