A balance transfer allows you to consolidate your debt, take advantage of lower interest rates, interest-free promotional periods, and potentially save on interest charges.
A balance transfer is when you move your credit card balance from one card to another, usually with a lower interest rate or promotional period. This can help you save money on interest charges and make managing your debt easier.
Nope! You can simply use your card as you normally do and access the additional funds whenever needed. However, you are not required to use these funds.
Your new credit limit was only approved for the account it was added to. If you would like to request a credit limit increase on another card, please submit a new application.
Credit limit increases are automatically given to members with responsible spending habits. Contact us at 800-444-4816 if you would like your limit returned to its previous amount.
A higher credit limit means you have more purchasing power. Increasing your credit limit also reduces credit utilization, which can have a positive impact on your credit score!
Increasing your credit limit can positively impact your credit score by reducing your credit utilization ratio. As long as your spending habits stay the same and you continue to make your monthly payments on time, you could see your credit score improve.
