Kind of new to this. I’d like to get an additional CC, one which has a high limit, say at least 10K. Say I already have an 8K limit card with one bank, another CC with 2K limit at another bank, and an older 25K personal loan on 3% fixed interest with Zopa for another few years. Both CCs have been paid in full and are at 0 balance. My current credit score at Experian is around 980.
I would be interseted in either stoozing some of the remaining Zopa loan (no penalties for paying off early) or just increase my credit limit to reduce my credit utilization ratio.
– Would a balance transfer card allow me to transfer (some of) my Zopa remaining debt, or does it allow only balance transfer from other credit cards?
– Which kind of CCs would offer a limit around 10K or more, balance-transfer or otherwise?
– Would the bank/lender be able to tell me the limit I’d get before I actually commit? I’d hate to commit to a card and then only get a 1K limit …
Last edited by alexrw; Today at 6:42 PM.