CLI = lower utilization

[tcbofade]

...which is a good thing, but not enough methinks.

Kays raised my CL from $6,000 to $7,600.  (I didn't ask them too, I promise.)

Which lowers my utilization from 63% to 58%  (Total utilization...)

I've got denials from prime cards due to my high utilization...I think this helps, but not enough.

Thoughts?

[cdtotten]

Your util is still way too high. That high of a util is killing your score by itself. You should be under 10% before you apply for prime cards.

[larinoriani]

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@cdtotten wrote:

Your util is still way too high. That high of a util is killing your score by itself. You should be under 10% before you apply for prime cards.

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Agreed. But you can still get approved for premium cards with as high as 20-30% UTIL but don't expect a high CL or low APR.

10% UTI or lower, you have the best of the best. (of course, among other factors like AAoA, etc) Everything plays a role, but in general, FICO's 750 and up you are in a good overall standing.

[pastnow123]

Agree. Change is too minor compared to your utilization.

[Anonymous]

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@tcbofade wrote:

...which is a good thing, but not enough methinks.

Kays raised my CL from $6,000 to $7,600.  (I didn't ask them too, I promise.)

Which lowers my utilization from 63% to 58%  (Total utilization...)

I've got denials from prime cards due to my high utilization...I think this helps, but not enough.

Thoughts?

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As the others have said, your utilization is still pretty high.  Ideally you want to be below 9% and anything higher than 30% is considered high in my opinion.  However, your utilization only affects your score from month to month, meaning your FICO has no memory of last month's utilization (your CCC probably does, but not your FICO score).  So, if you've got your eye on a certain prime card right now, just get your util down, apply, and once you get your decision you can (if you must) let your util go back up.

[clocktick]

What are your cards, limits and balances if you don't mind sharing?  Others can help you set up a plan  to pay these down.  Interest rates would be helpful too.  Are you trying to increase your scores right now for a specific reason?