How would you know what the amount of credit line would be before applying to know if it will be large enough to transfer a large credit card debt? If the credit line wouldn't be large enough to transfer the whole card I wouldn't want to open up another credit card account.

Answered on January 14, 2011
Updated on January 14, 2011
The content is accurate at the time of publication and is subject to change.
James Williams James Williams
Before applying you can estimate your credit line (that is your credit limit) by using the average limit of your other cards but in fact it is very difficult to say for sure before applying what the amount of your credit limit will be as it is a bank or a credit card company to decide on this. To determine the amount of your credit limit as well as the interest rate and the length of the introductory period your individual credit score is used. If you are a person with excellent credit history, you will be granted the lower interest rate and higher credit limit. If your credit score is low the situation is quite opposite and in this case it is better for you to be realistic about applying for a new balance transfer card. It is possible that your rate will be higher, your introductory period may be 3 to 6 months only, your credit limit may be less than the amount you requested and you will only be able to transfer a part of your balance. If you decide to apply for a balance transfer credit card, pay close attention to our selection of balance transfer credit cards issued by well-known and reliable banks and credit card companies. Apply for the card of your choice online right from our site. An online card application you will be redirected to is safe, quick and easy.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

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BROWSE MORE QUESTIONS ABOUT Balance Transfer Cards:

Unfortunately, you won't be able to transfer the balance of one Wells Fargo credit card to another Wells Fargo credit card as balance transfers between two cards of one issuer are not allowed. You will need to apply for a credit card from a different issuer.
When you first face credit card issues, some phenomena can come as a bit of a shock. For example, balance transfers may seem unintelligible, but in fact they are quite easy to understand. You have a balance on card A and then you transfer it onto card B. Cards for balance transfers usually have low intro rate offers on balance transfers, so for the first time you may have even a 0% APR offer. That will allow you to pay off some or all of your balance with little interest and save quite a lot. So that is quite an option. Note that balance transfer cards with attractive low rate intro offers...
Unfortunately, you won't be able to transfer the balance of one U.S Bank credit card to another U.S Bank credit card as balance transfers between two cards of one issuer are not allowed. You will need to apply for a credit card from a different issuer.

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