Need Advice on a second NFCU CC

[Slim1Der]

I was thinking of taking advantage of NFCU Go Rewards BT offer. Please take a look at my profile and chime in on if you think they would allow me to have another CC with them. I was going to transfer my PLOC balance to the card if they give me one. 

Also regarding my scores, I haven't pulled them in a while but let's just assume that they're at the low 700's as they have been for the past 2 years. 

Any help would be appreciated.

BANK	LIMIT	USE	AutoPay?
Navy Federal Credit Union Cash Rewards VISA	$43,000.00	$16,997.52	YES
Western Federal Credit Union - PLOC	$25,000.00	$9,608.81	YES
Nasa Federal Credit Union VISA	$25,000.00	$33.49	YES
Nasa Federal Credit Union VISA	$20,000.00	$38.10	YES
Lowes Consumer Credit Card (Synchrony Bank)	$17,000.00	$189.92	YES
Navy Federal Credit Union - PLOC	$15,000.00	$0.00
CitiBank Thank You Preferred VISA (AU)	$11,300.00	$4,300.00
Barclays Bank - American Airlines Avaitor MasterCard	$10,000.00	$9,846.73	YES
Jeromes Furniture (Synchrony Bank)	$6,600.00	$366.34	YES
Nasa Federal Credit Union - PLOC	$5,000.00	$486.23
Macy's - Department Stores National Bank	$4,400.00	$181.65	YES
Capitol One QuickSilver One MasterCard	$2,750.00	$860.15	YES
American Express - Everyday Card	$2,500.00	$2,175.82	YES
Barclays Bank - NFL Rewards VISA	$2,000.00	$1,023.51	YES
Dell Financial Services	$1,500.00	$377.19	YES
			UTILIZATION
	$191,050.00	$46,485.46	24.33%

[Anonymous]

Your overall utilization could very well be a concern, especially if the amounts owed are high compared to your income.

[Slim1Der]

Ok I hear you. I forgot mention my income is $14,000/month. 

[Anonymous]

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@Anonymous wrote:

Your overall utilization could very well be a concern, especially if the amounts owed are high compared to your income.

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+1 I'd have to agree with Irish. I think it would be a no go. 46k is a fairly decent amount of revolving debt. I would imagine you've got a pretty solid income to get some of those limits you have especially your NFCU one but I think they will be questioning why you're carrying that much of a debt load. 

[Anonymous]

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@Slim1Der wrote:

Ok I hear you. I forgot mention my income is $14,000/month. 

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You must have been posting right as I was. That is pretty substantial income. Still think the overall debt load might be a concern. You're scores have to be taking a little bit of a beating with almost all accounts reporting a balance. I'd try to chop that down by just PIF those accounts with a thirty some to a few hundred dollar balance and get them to report a zero balance. Then try chop that Barclays and Amex balance as they are pretty high utilization on those two. Do you need to be an AU on the Citi TY card? That 4.3k is counting against you. 

[Slim1Der]

Good point. 

Just a data point. I've made $5000 worth of payments on all the little balances so that I only have balances on 3 accounts, they just havent reflected yet. That plus the AU account just added $4300. Does that count toward my overall UTI? I was trying to decide if I wanna pull the trigger since the offer ends on the 4th.

[Slim1Der]

Lol, we keep replying over each other. You answered alot of my questions. I only have the AU account because it's been open since 1991. All my other accounts are from 2011 to the present. I could take myself off but it would be a catch 22. 

[Anonymous]

If I were earning $14K a month, I wouldn't be looking for a balance transfer offer. I'd be paying down that debt as fast as I could.

[Slim1Der]

Thanks for your input.

Obv I'm planning on paying down that debt load. In the meantime, I wanted to reduce the amount of interest ill be paying on it. 

MyFico Forums was the gift and the curse for me. I got alot of good advice which, subseqently got me alot of available credit. The problem was I went buck wild with it before I got myself in check. Now it's time to pay it down, which I'm doing. My profile will only have 3 accounts showing a balance once the payments i've made report. I'm not worried about my scores until I have to refi my mortgage in 4 years. 

Again, thanks for your input.

[Anonymous]

The problem was I went buck wild with it before I got myself in check.

You're not alone. Been there myself.