Can I transfer credit from one credit card to another?

Ok, so I know I can transfer a credit card balance to another card, but what if I don't have debt? I have a credit card with $9,000 credit limit, but it's associated with a bank I want to leave. Can I take that line of credit and transfer it to another card or can I only do that with the balance?|||Unfortunately, you're only able to transfer balances between accounts. It would be nice (for the consumers) if that were possible to transfer credit lines to company to company, but sadly, that's not the case. Like the other poster mentioned apply for credit with the new bank.|||Credit card balance transfer is one of the preferred ways to get rid of credit card debt and is used by many people to get immediate relief. Credit card balance transfer essentially means that we transfer our outstanding balances from a high APR credit card to a credit card which offers low APR's. A 0% Intro APR credit card is the preferred credit card to transfer balances, but because of the widespread misuse of such credit card offers, credit card companies have withdrawn all such offers.





Indeed balance transfer saves a lot of money and can save things from going worse, but many people simply don't know the right way to do balance transfer. This article takes a look at the correct process to initiate and complete the balance transfer.





The first thing to look out, when a person wants to transfer his balances is a credit card which offers the lowest apr rates and lowest balance transfer fees. Many online credit card companies offer credit card comparisons. It is indeed a good practice to search for the credit cards using their services and decide on a credit card which offers the maximum savings. It is important to note here that balance transfer APRs depend on a person's credit history. If the credit card in question offers the lowest rates, it is definitely for those with the best credit ratings. There are different balance transfer apr's for people with lower credit ratings. So, it becomes imperative that one chooses the credit card which offers the lowest apr and balance transfer fees for his credit ratings. Read more from: http://www.credit-card-gallery.com/artic鈥?/a>|||A line of credit isn't transferable.





Your credit report will show that your credit limit was $9,000. It also shows your payment history if you were ever late.





A new bank will see that you had that 9k limit and everything was in good standing. They will give you a limit based on your past history which I assume was good.|||Every company has different criteria for assigning a credit limit to credit cards they offer. therefore, you cant switch the credit balance whereas you can transfer your debt from one card to another. Best way would be, cancel your card get a letter from bank showing limit assigned to you and your payments history, than when you apply for another you can attach it with your application. If you apply while having your old card they will assign you a smaller limit as you already have 9000 limit on your old one and banks take them as debt whether you use full amount or not so your income-debt ratio goes up. so apply your new card after you end up with your old one. don't worry if u don't get enough limit with new bank you can always go back n they will issue you a new card with same limit if you were good in your payments.|||You can transfer debt to another card, but you can't transfer a line of credit from one place to another. i would just cancel that card and get another one with your new bank. you might even get a better interest rate.|||These are two completely different situations. The first of transferring a balance is done all the time! This is one way I got my credit score up from 486 to 730 in a little over a year!





If you want another card with a balance like this, then you need to apply for a new line of credit somewhere else, but you could use this card as a reference!





Consider this though. With a limit this high, this card has quite a wallop with your score and helping it stay high. If you close an account with a limit like this your score will most likely drop because it took a long time to get to a point where your bank trusts you with a credit line of $9000.00!!!!





Why not just keep it and not use it or use it only a little just to keep it active? I have a website that goes into how credit scoring works as well as credit repair in detail. This was my story of how I rebuilt my credit from a low of 486 after ID theft and Bankruptcy to 730 in a little over a year!





If you absolutely must close this account, make sure you apply for another one while you can use this one as a reference!