No. of Recommendations: 0
Hey folks..

My wife is carrying a pretty hefty balance on her one credit card and it has a lousy 16.99% rate. Requests to lower the rate have been unsuccessful, despite the fact that she has mid-700 credit.

She (and I) receives a bunch of offers in the mail like everyone else. Today the American Express Blue Cash offer showed up with a 3.99% balance transfer rate for the life of the balance. I took advantage of this kind of thing a couple of years ago and got my entire balance at 2.99% for life. Sure makes it easier to reduce that balance.

My question is this, though. We tried this for her a while back and the company only ended up offering her $3000 in credit line. At the time she had over $17k on her other card and reducing that by only $3k was a disappointment.

So, is there any way to get an idea in advance the amount of the credit line the card company will extend to you? I looked for a minimum credit line in the card literature and didn't see one.

I understand that getting a little at a low interest rate is still better than having it all at the high rate, but it'll only be worth the hassle of opening up another card if she can get most or all of the balance moved over.


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