App for Credit Card w/ High Util Rates??

[Anonymous]

Hi everyone :

I'm feeling like hitting some online app buttons tonight or tomorrow (Sat.)  I have 1 or 2 inquiries and a 680~699 on my Ficos...

But right now my Util Rates are high (3k on a 8k card) and 2k on a 2.5k Chase Freedom.  3k is at 15.5% (yikes!) and Chase freedom is at 9%

I want to roll the 3k and 2k on a 0% Balance Transfer Card (I will PIF these in less than 1 year), I can pay them quicker but prefer not too, but I can .

Does anyone have any other recommendations?   No baddies, all paid on time. Thanks!

[asanch12]

Nationwide instantly approved me with around 45% util.

[score_building]

Navy, PSECU CU, Nationwide -perhaps, but to app Citi with high UTI may yield relatively poor terms if approved.

In any case, to either PIF or BT the high rate balances is a good plan.

[larinoriani]

Similar situation here. I received a mailing for a 0% APR and Tansfers offer until 1/1/12 with CITI Diamond rewards, same as you I have two CC totaling ~$3,500 balance with higher APRs, so I went and APP'd online; got an instant approval wit $8.7k CL and will tackle that balance within the year.

I have 737 and 742 scores and UTI of about 20%, with this CC now I have $26.4k combined CLs, so my UTI is going down to to about 12% instantly.

Go to the Credit cards section on the main myfico.com site, there's a pretty cool tool where you can chose what you want and they populate all the cards options for you by FICO score)

http://www.myfico.com/Credit-Cards/

[Anonymous]

Well I wanted to report my results and

#1 I apped for Nationwide and got approved for $2000 (w/ my util at 60%). Too bad because that means that the bal transfer I wanted will not be too much.

But thats ok

Tried to double up and

#2 Apped for the Chase Ink for my business and wasn't so lucky.. Got the 10 days wait in the mail message... 

Didn't try a #3. I guess 2 shots in in one day is more than enough...  All my scores are in the low 700s but I guess my util is high. What else should I do?

[larinoriani]

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@Anonymous wrote:

Well I wanted to report my results and

#1 I apped for Nationwide and got approved for $2000 (w/ my util at 60%). Too bad because that means that the bal transfer I wanted will not be too much.

But thats ok

Tried to double up and

#2 Apped for the Chase Ink for my business and wasn't so lucky.. Got the 10 days wait in the mail message... 

Didn't try a #3. I guess 2 shots in in one day is more than enough...  All my scores are in the low 700s but I guess my util is high. What else should I do?

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Congrats on the approval. Don't get so disappointed on the Chase just yet, since as far as i know Chase don't have instant approvals.

The only thing you can do to improve dramatically your approval/terms ratings, is just paydown the balances to less than 20% UTI, ideally 7-10%, you probably going to be around 750ish just doing that.

[score_building]

Yeah the NW 2k approval was a v. lucky one IMO,

with few exceptions (some previously noted) issuers will balk at 60%.

Realistically no more app can be recommended until UTI is brought down.

Treat the NW well so you may become eligible for a CLI (they apparently don't take customer requests for CLI but award them periodically)