Excellent Ficos vs High Utilization

[Francesco]

 My Fico's are 747 EQ and 767 TransUnion. My debt utilization is a high 75% Will I have any trouble being approval for one of the better Citibank cards?

[Anonymous]

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@Francesco wrote:

 My Fico's are 747 EQ and 767 TransUnion. My debt utilization is a high 75% Will I have any trouble being approval for one of the better Citibank cards?

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My answer would be yes you will have trouble, you will stand a MUCH better chance of approval if you were to get your util down to at least 25% (on one card) not ideal but better than 75%

@Your best bet would be to pay off all but one CC, let it show you @ <9% util (thats the best case scenario) approval is not based solely on your score or util. Inq's, New Accounts, AAoA's and several other factors are used to determine your creditworthiness.

[Francesco]

Thank you for your input.  Yes, plus the the simulator says if I pay the credit card down to about 25% utlization my Transunion score will be between 777-817. 

[Anonymous]

Is it just one CC that you have the 75% util on?

And you will always see your best FICO's with just ONE CC reporting 1-9% util.

[jasimae]

In addition to that, your scores will probably see an increase.  I know mine did when I got my utilization down to 20%.

[jasimae]

In addition to that, your scores will probably see an increase--even though they are already good.  I know mine did when I got my utilization down to 20%.