Hi, Have several cards with high balances/low limits and soon to be low balances. Some cards are almost maxed but all my cards together are 1/7th of my annual salary. But like I said the balances are high which i have since cut to under 50%. Now, I want to as soon as possible try to apply for other cards to condense these down to a couple of cards with much lower interest rates and higher limits to give me some breathing room. Of course you will say wait until the pay down takes effect on credit reports but arent there even a couple cards I could get with say a $5000 limit? Would anyone know guaranteed cards with low rates for someone like me in NY that I could try to apply for? Thanks Kevin
as long as you have perfect (no derogs), not many new accounts, and you lower your balances, your scores should go up higher, and then i'd check out citibank cards. They are a great entrance point into prime cars. Your limit is generally based on score + income + debt ratio. Citi doesn't really care for high balances on other cards, so pay them down quick, then dispute the items on the report as balance incorrect, then when that clears apply.
