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Established Member
Posts: 39
Registered: ‎08-09-2013
0

A Question about apping!

Hello all! I know it is kinda far from now since I'm trying to apply for the Chase Hyatt card around December, but was just wondering should I clear off all my balances on all my cards at the time I apply for the Hyatt card? I pay off every card every month except for the Bofa Cash rewards privileges I just got, I'm tryign to make use of the 12 months free of 0% APR and it wouldn't be due until next year's July. So I was wondering if it is ok for me to apply for the card with the only balance on one card out of all my cards or I should pay it off too before applying for the Hyatt card? Thank you!

Bofa Privileges with Cash Rewards Visa Signature -11k / Chase Sapphire Preferred - 10k / Chase Freedom - 7k / Hyatt Visa - 5k
Bofa Travel Rewards Card Visa Signature - 7.5k / American Express True Earnings - 5k / Barclay Arrival WorldMaster card - 5k
Moderator
Posts: 5,297
Registered: ‎08-12-2013
0

Re: A Question about apping!

The general consensus around here is that scores are highest when all CCs except one report zero balances (and the one reporting is <10% of the CL).


Start: 619 (Wally, 9/2013) | Current: 669 (Wally, 2/4/15), 756 (Merrick, 2/16/15)
AMEX BCE $13500 | Care Credit $10200 | JCP $8000 | Walmart Store $5000 | Amazon Store $5000 | Overstock $4900 | Cap 1 QS1 $4000 | AMEX Costco TE $3500 | Macy's Special Events $2900 | Macy's Revolving $2500 | CU Visa $2500 | Sony Card $2500 | Macy's AMEX $1500 | VS $1450 | Gold Violin $1450 | Citi DC WMC $1200 | Merrick $1200 | Target $1000 | ~~Gardening Since 12/23/14
Established Member
Posts: 39
Registered: ‎08-09-2013
0

Re: A Question about apping!

but if you leave a balance on each card; aren't you just letting the CC companies taking more of your money from APR %?

Bofa Privileges with Cash Rewards Visa Signature -11k / Chase Sapphire Preferred - 10k / Chase Freedom - 7k / Hyatt Visa - 5k
Bofa Travel Rewards Card Visa Signature - 7.5k / American Express True Earnings - 5k / Barclay Arrival WorldMaster card - 5k

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