Balance transer declined

[dbell525]

This question is not specific to reward cards, but there isn't a generic category. I am aggressively trying to pay down $60K worth of credit card debt(I'm paying $2K/month). We have four accounts and all are held with Bank of America due to them buying MBNA and a fallout I had with Chase(they jacked up my interest rate based on other credit info, so I transferred the balance). Having all of my accounts with one creditor makes me nervous, because they could do the same thing and I would be screwed. To that end, I would like to open accounts with other stable creditors and distribute the accounts better while hopefully being able to take advantage of low intro rates, etc. My Experian credit score is 780. I have $120K combined income with my wife. We no longer charge anything. My debt ratio is 50% balance/limits.

Now the question: I applied for Amex Blue cash and tagged on a balance transfer of one account for an amount of $8900. I was approved for the card with a credit limit of $2000 and declined for the balance transfer. How is the credit limit determined? Is there anything I can do to with this account or other creditors to work toward my goal of getting lower interest rates while diversifying with creditors?

[freddyg]

I have friends that work with citi and chase. Aside from your credit scores from the major bureaus, each bank or credit card issuer has their own other method for determining whether to approve of your credit card application or how much credit to extend you etc. Your credit score is very good, but the truth is we will all never know for sure.