New card question

spartantx117 · ‎06-08-2014

Yesterday my Cap One card got a increase from 2000 to 4000 I decided to apply for a Chase Freedom card tonight and got a starting limit of 9000 my overall utilization was at 17 percent before the increase and Freedom card.

My question is I wanted to apply for a Home Depot card and a Lowes card for the 5 percent off I shop at both a lot (I was told if you have a Lowes card and show it at HD they will match the 5% Lowes gives you) would it be smart to wait for my Chase and Cap One to show on my report to lower my overall util? Or should I just go ahead and apply?

-------9000-------------9000-------------4000-------------2600-------------1800AU-----------800-------------3200------------18000-------------20000-------

Barclaycard FICO 754

Skye12329 · ‎06-08-2014

Well if your util is low you could apply now. However once both cards report it should lower even more since you have more available credit. For best results wait for both report.

BK7 - 2/21
Cap1 QS - 2k (4/21)
Mission Lane - 4k (11/21)
Venmo - 900 (11/21)
SavorOne - 2500 (12/21)
VentureOne - 2000 (7/22)

spartantx117 · ‎06-08-2014

My util now is at about 17 percent or so. if my math is correct the two new limits should lower it to right about 9-10 percent.

-------9000-------------9000-------------4000-------------2600-------------1800AU-----------800-------------3200------------18000-------------20000-------

Barclaycard FICO 754