@Anonymous wrote:Question looking for advice or what you would do . So I just got a new Discover card with a 7,500 limit with and 18 month 0 interest on balance transfers . So my question is ,I have a Capital One card with about 1,300/2150 in debt and a EX 2100/3000 debt . So i'm thinking to transfer the balances of those card to the one Discover ? What do you guys think to maximize my credit scores . TU 720 EX 718 EQ 739 That would leave two card zero balance and only one car carrying a balance . Debt to credit ratio would be lowered to an 10-15 % of cerdit usage . Currently at 40-43% of cerdit usage .
Note: I asked for a CL increase from AMEX and they denied it . Do to slow payment is what they said . But I pay double the amount due monthly .
Im thinking in hindsight you should of asked for the CLI on Amex after you transferred the balance off the card onto the Discover.
As from Amex saying slow pay... AMEX is one of those cards that likes balances to be paid off quickly. That being said they probably should of phrased it as slow repayment. If you have $2100 off a 3K credit limit. That is over 30% uti and I think they frown 
upon that. You have to understand that when AMEX was born they did not have revolving accounts. They were all Charge Cards meaining that you charged and paid in full. They have moved with the times in order to stay with the times and to garner more business. So they still like to see low limits on their cards.
To conclude, if you transfer those balances to Discover It card... I would suggest that if it was me I would use AMEX and other card and PIF every month. And aggressively pay down that Discover .. so that you don't get too close to the ceiling that you get declined for credit line increases. You should be able to grow that Amex and Discover nicely. (I wouldn't know about the AMEX, cause its the only card I haven't been able to get YET lol - but it is what I hear through the myFICO grapevine)
PS Nice approval on the DISCOVER IT - Congratulations.
You can do this ... you have gorgeous scores.. better than my own.
So you are doing things right. Sometimes I offer advice .. because its like studying aloud... if I hear myself say it .. it is also a benefit for me as well. I don't ever come off sound snarky or condescending. It is as much a benefit to me as it is to the person I am bestowing it on. Sometimes, it just takes someone else to recertify it.
All Smiles 
