Current scores 700, 750 and 689 (the latter is due to an error at TU which is being corrected)
I have a Chase card that just went up from promotion 0.00% to 14.24% balance $ 4,231 against limit of $ 8900, a BoA card at 0% promotional rate with $ 13k against a $ 15k limit.
So I get a BT offer from Chase, call to inquire and get the balance increased to $ 15k.
I take a BT from the Chase of $ 10k to reduce the BoA to $ 3k. My plan is to wait 30 days or whenever the space is freed up on BoA and then use a current BoA promotion of 0% to do a BT on the Chase card of $ 7,500. I currently pay 3 times the amount due on both cards so I should have enough room to bring both down to 50% at 0% through 2016…and use the lower payments to pay down both cards.
I’m thinking I should probably ask for a credit line increase to the BoA just before doing the BT to Chase, since the BoA balance will be only $ 3k then.
Does anyone see any holes I have missed. I tried putting this on paper and making sure it makes sense….but honeslty I’d like to see what you folks think.
Thanks for taking a look at this.