cancel
Showing results for 
Search instead for 
Did you mean: 

A Question about apping!

Established Member

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
2 REPLIES
Moderator

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 (TU08, 9/2013) | Current: 791 (TU08, 10/26/17)
Sam's Club MC $25000 | Marvel MC $25000 | Macy's AMEX $25000 | AMEX BCE $20400 | Discover IT $20000 | Macy's Store $20000 | Cap 1 QS WMC $17250 | BoA BBR #1 $17200 | JCP $15000 | Citi DC $12600 | Freedom VS $12000 | BofA BBR #2 $11800 | Disney VS $11500 | Care Credit MC $11200 | Cash+ VS $10500 | CashForward WMC $10000 | Barclay Rewards WMC $10000 | WCU Visa $10000 | Amazon Store $8000 | Blispay $7500 | Sony Card $4250 | Target MC $4000 | Costco Anywhere $3200 | ~~Gardening Since 11/2/17
Established Member

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