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0BalanceTransfer » $5,000 - $10,000 Balance Transfer

Balance Transfer of $5,000 to $10,000

If you are hoping to transfer a balance of $5,000 to $10,000 to a balance transfer credit card, you might need to divide the balance and transfer it to more than one card or partially. If you can't get approved for a new card with a high enough credit limit to accommodate the entire balance, you can apply for multiple cards. Or if you are confident that you can pay off the balance part by part, you can apply for one card with the longest introductory period on balance transfers. Make sure you apply for the right cards for your credit level so you do not get turned down for a lot of new credit, as that can hurt your credit score.

Consider your debt-to-income ratio. Most banks and financial professionals agree that you should keep your debt-to-income ratio at less than 36 percent of your gross income. If it is higher than that, you may have trouble getting approved for a new balance transfer credit card.

Required Credit History: Excellent/Good
Best Credit Cards from Credit-Land.com
Intro APR
on Bal. Tr.
Fee on
Bal. Tr.
Intro APR
on Purch.
Regular
APR
Annual
Fee
0% (21 months)
up to 3%
0% (21 months)
$0
Save up to:  $848  with this card
Show card description
  • 0% Intro APR on Balance Transfers and Purchases for 21 months.
  • No Annual Fee. No Balance Transfer Fee.
  • Great Rewards Programs.
See More Card Details
Required Credit History: Excellent
Intro APR
on Bal. Tr.
Fee on
Bal. Tr.
Intro APR
on Purch.
Regular
APR
Annual
Fee
N/A
NONE
N/A
9.25% (variable)
NONE
Save up to:  $281  with this card
Show card description
  • Excellent Credit Required - Applicants that do not have excellent credit will not be approved.
  • Low 9.25% variable standard purchase APR and platinum benefits.
  • No Annual Fee.
  • No balance transfer fee for balances transferred in response to this online offer.
Required Credit History: Excellent
Intro APR
on Bal. Tr.
Fee on
Bal. Tr.
Intro APR
on Purch.
Regular
APR
Annual
Fee
N/A
NONE
N/A
11.25% (variable)
NONE
Save up to:  $237  with this card
Show card description
  • Excellent Credit Required - Applicants that do not have excellent credit will not be approved.
  • Low 11.25% variable standard purchase APR and platinum benefits.
  • No Annual Fee.
  • No balance transfer fee for balances transferred in response to this online offer.
  • Travel Rewards - cardholders who enroll in the program receive one point per net dollar spent.
  • Choose any U.S. based airline or ticket class. No blackout dates or seating restrictions.
  • Other travel related options are hotels, cruises, vacation packages, car rental, and restaurants.

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Before You Make the Big Switch

Credit issuer may approve you for a shorter 0% interest introductory period than it was advertised. It is not usually disclosed what your exact long term interest rate will be at the time you submit an application.

Because of both of those facts, it makes sense to apply for two different balance transfer credit cards, especially if the amount you are looking to transfer is more than $5,000. To do a balance transfer that is between $5,000 and $10,000, choose two good balance transfer credit cards and apply for both of them. This is a good way to make certain that you get the best overall deal, while making sure that you are extended a high enough credit line to cover the entire of the amount of the balance you wish to transfer.

Once you transferred your balance, you should keep your 0% APR promotional rate. For that you should do the only simple thing - do not miss a single payment and make them on time.

BALANCE TRANSFER GUIDES: