balance transfers

spinka3

Hi

I have swapped my credit cards around for years getting 0% deals for years. The problem I have now is when applying for a new credit card to transfer balances to they are all quite small ie £1000 credit limits which is no good for what I need. I have heard quite a few times of people saying they have transfered £10k plus to a new deal. How do they do this? I can't afford to keep applying and leaving the footprint or my credit score would go through the roof. Please help. Many thanks

Fruit_and_Nut_Case

spinka3 wrote: »

Hi

I have swapped my credit cards around for years getting 0% deals for years. The problem I have now is when applying for a new credit card to transfer balances to they are all quite small ie £1000 credit limits which is no good for what I need. I have heard quite a few times of people saying they have transfered £10k plus to a new deal. How do they do this? I can't afford to keep applying and leaving the footprint or my credit score would go through the roof. Please help. Many thanks

Because they get given bigger credit limits than you. And why the poll?

CLAPTON

why haven't you paid off the balances years ago?

Candyapple

Assuming you have accrued a large amount of debt from years worth of shuffling card balances, let's say £15k, if you wanted more cards to transfer the £15k onto, you would need to be earning circa £60k.

Another factor could be if you are taking out cards with companies you have previously had credit with in the past, as part of their lending criteria they could see you have been a card tart and not made any money off you, hence offer you a lower limit.

Also some card companies are known for being more generous with their limits than others.