No. of Recommendations: 1
If I'm understanding your question Bock you are asking if the it will be harder to get credit in the future if you transfer from a 17%+ card to a 5.9% card with a $10,000 initial credit limit. Assuming that is the question here is my answer.

Yes, having more available credit will make lenders less likely to give you credit in the future. How much less I can't say but your total amount of available credit is a factor.

That said the benefit of the much lower credit rate on your remaining debt is money in your hand. The "maybe I might not get a loan" is not money in your hand today, just a possibility in the future. You might shop around some more and see if you can get a low intro rate with a credit limit you are more comfortable with. You could also ask the lender of the platinum card you are considering to start you with a lower limit than what they would otherwise give you.

Good luck!

SH
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement