Well, you can but do you really need it. As I understand you can’t transfer your entire balance on your new balance transfer credit card because limit is exceeding. Then why not to do it in several steps? Transfer just a part of your balance at first, pay it off in short possible time and then transfer the rest of your balance. Any way even if you are not allowed to balance transfer your entire dept, getting rid of just a part of it is already a big plus.
If your decision is firm and you don’t need this card, then contact the credit card issuer and cancel the credit card. Destroy the physical card too. Check your credit report a couple of months later to be sure the cancellation took place and how it affected your credit score. It shouldn’t harm your credit score much though. Your score may temporarily go down a bit but it will come back up.
Hi, my card application online with a 763 credit score was approved instantly, but I got a letter shortly after turning down the 0% balance transfer I had requested due to it exceeding the credit limit I had no way of knowing. I wouldn’t have applied for the card without the transfer. Can I cancel the card and apply to another without killing my score?
[Wednesday, September 26th, 2012]See also
How do I find out the status of my card? And if it has been mailed out to me yet?
[April 3rd, 2013]
The overall process of getting a credit card can take up to 30 business days. To know the status of your credit card applications you should contact the credit card issuer. A quick online search for the bank or credit card issuer’s name should turn up a customer service phone number or email address. Banks [...]
I am a new immigrant and unemployed but I’m supported by my children and have savings from foreign country. How can I apply for a credit card?
[February 6th, 2013]
To apply for a credit card you should be a U.S. resident, have SNN, and have a stable income and a job. If you meet all these requirements, you can consider Capital One® Cash Rewards for Newcomers. The card is created for those who are new to credit card world and to U.S. as well. [...]
I can’t see what my credit score is cause I was told I have to wait a year before I can check it, so I don’t know my status, and I was told from the bankruptcy program that I was on that soon as I get discharged to try to get a credit card or a loan soon as possible, reestablish my credit. Now I’m so confused in what to do.
[August 29th, 2012]
You can, and should, check your credit report. Request it for free from each of three agencies – Experian, Equifax and TransUnion – at AnnualCreditReport.com. You should clean up your reports — remove any erroneous information you can from your report, make it as clean as possible. It is important because credit card issuers inquire [...]
