Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
FinallyMotivated

1 Contribution
0 People Helped
Transfer large balance to a new card with too low of a limit???
I have a CS of 739, with a high utilization (73%). If I have a 10,000 balance on a card (my only credit card), is it "worth it" to try to get a new card for a balance transfer, even if reviews show super low limits? I know hits lower your score a bit, but would it be worth it for someone like me, who could ultimately only get a $1,000 limit??? I love the 0% for awhile, but if they offer me a super low limit, is it still gonna benefit me ENOUGH? Thanks!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
103 Contributions
30 People Helped

Chase slate does 0% for 18 months with no balance transfer fee so, yes it would benefit you greatly. I would recommend at least having 2 CC's. 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.