http://www.askmrcreditcard.com/creditcardblog/which-credit-card-should-i-transfer-my-balance-to/ Latest Credit Card News, Reviews and Information Sat, 21 Nov 2009 01:24:43 -0600 http://wordpress.org/?v=2.8.6 hourly 1 http://www.askmrcreditcard.com/creditcardblog/which-credit-card-should-i-transfer-my-balance-to/comment-page-1/#comment-120412 michael Crider Thu, 15 Oct 2009 23:47:04 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=688#comment-120412 I've recently been turned down by Capitol One Visa for a new credit card.My goal was to do a balance transfer from my American express card to this new card, (As American express recently raised my interest rate to 27.6%)Having been turned down once, I'm apprehensive about applying for another card within a six month period because I believe this will adversely effect my credit score.The reasons for being turned down from Capitol One were 1:too few or revolving accounts 2:Proporton of account balances too high 3:proportion of mortgage to credit limit too high I feel that the credit card companies are taking advantage of my situation and for the first time in my life I'm unable to obtain credit. Is there any thing I can do to? I’ve recently been turned down by Capitol One Visa for a new credit card.My goal was to do a balance transfer from my American express card to this new card, (As American express recently raised my interest rate to 27.6%)Having been turned down once, I’m apprehensive about applying for another card within a six month period because I believe this will adversely effect my credit score.The reasons for being turned down from Capitol One were 1:too few or revolving accounts
2:Proporton of account balances too high
3:proportion of mortgage to credit limit too high
I feel that the credit card companies are taking advantage of my situation and for the first time in my life I’m unable to obtain credit. Is there any thing I can do to?

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