Does a balance transfer count towards part of your credit line?

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Does a balance transfer count towards part of your credit line?

For instance you get a card limit of $1000 dollars, could you transfer a balance more than that amount?

2007-02-23 03:49:41 · 4 answers · asked by jagvore11 2 in Business & Finance ➔ Credit

4 answers

Balance transers work the same as purchases. If your credit line is 1000$ you could transer up to that amount from another card and no higher.

2007-02-23 03:56:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Yes, it does, and no you can't. Your credit line is the amount that your credit card company is willing to loan you, whether by purchase, cash advance, or balance transfer.

2007-02-23 11:24:13 · answer #2 · answered by Jason 3 · 0⤊ 0⤋

A limit is a limit...no!

2007-02-27 03:32:38 · answer #3 · answered by Pepper 6 · 0⤊ 0⤋

No. U can not.

2007-02-23 03:57:36 · answer #4 · answered by vinod 1 · 0⤊ 0⤋