I have had a Wells Fargo Credit Card for about 3 years with a limit of $3100 and a chase bank credit card since January with a limit of $3000. Wells Fargo is charging me close to 13% and chase has its introductory offer of 0% till March. I have used about $2800 on my chase bank account credit card and about $1300 on my Wells Fargo card.
My situation is such that I am looking to invest a lot of money by December, so I want to run all my personal expenses on a credit card till the end of the year. I plan paying the whole balance of $6100 by March(Latest April, but highly unlikely). However, if I use Wells Fargo(The card which has most available limit), I will be paying 13% interest, which I really don't want to, as my investments won't fetch me a better return.
So, I was wondering if there was a way to switch my entire credit limit of $6100 to my chase bank card so I do not have to pay any interest. Also, would this effect my credit score or spoil my banking relation with Wells Fargo? Lastly, should I do this before my statement is issued or after?
Any help or advice would be greatly appreciated.:)