a new credit card company be willing to take on? You probably won't be able to use your entire new credit limit for transferred balances. Credit card companies want to leave some available balance to account for things like fees and interest. Otherwise you might go over your limit right away. It's common for credit card companies to allow 95% of your available credit limit to be used for balance transfers. Let's look at some examples of what that means. Your new credit card features a $7500 credit limit and the 95% rule applies to transfers. Scenario A : You have $7500 in credit card debt on another credit card. You cannot transfer the full balance. You can only transfer 95%, which is $7125. Scenario B : You have a $3500 balance on one credit card and a $4000 balance on a second credit card. You want to consolidate the debt. You can only transfer one of those balances in full. The second balance can only be transferred until you reach the combined total of $7125. That means a balance of $375 will remain on one of those two original credit cards. Scenario C : You have a $3500 balance on one credit card and a $2500 balance on a second credit card. Because the total is $6000, you should be able to consolidate the two balances onto your new balance transfer credit card if you're approved. Along similar lines, credit card companies that allow balance transfers usually have a