Applying for credit for balance transfers?

I have a co-signer who has immaculate credit, and I want to open up a credit card or two to transfer my high interest cards. I need to open up about $13000, and I%26#039;m wondering what the best strategy is as far as getting this much credit. Should I try to move all my debt to one card, or split it over a few cards. Should I just open up a card with no balance transfers at first, or try to move as much debt as possible to one card when I apply?

Applying for credit for balance transfers?

Without preaching.

Your best strategy would be to spread the amount over several cards, at least 3 with $12,000.00 limits each. This would ensure that you do not exceed 30% of your limit on each card.

It%26#039;s actually easier to get additional credit cards if you disclose balance transfers when applying. This is because the credit card company knows up front that you are going into debt with them and lets face it that is what they want.

If you accomplish all of this? Concentrate on paying off the balances as soon as possible and do not go further into debt. And cancel your old cards as soon as you pay them off.

Applying for credit for balance transfers?

Your more likely better off to NOT get another credit card %26amp; stop playing the credit game for a while. This is becoming the generation of debt. Your best bet is to get one lower interest loan to consolidate, not another card. Cut up all but one of your cards, if that. If you own a home, you%26#039;re better off using some of the equity to resolve the credit cards. But the best advice is to just cut them up NOW.

Applying for credit for balance transfers?

Just try debt stacking. Pay off the least to the highest. Once you pay off the least amount owed to a card, you will then take that monthly payment and apply it to the next along with the regular monthly payment for that card and so forth. Opening up more cards is not good. It lowers your credit score and you stay in credit card slavery. Try the above mentioned method and you will find yourself out of debt. This takes discipline though.