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Should apply now or wait till next week?

New Contributor

Should apply now or wait till next week?

680 Eq fico score from myfico. I'm overall 11% util, but I have one card at 95% I paid a day too late last month. It should report as zero around the 15th of this month. But I recently refinanced my house, and I have a feeling that is going to show up on my credit report on Monday. I have no idea what that new account will do to my score. Should I roll the dice and hope the one credit card reports the zero balance before the mortgage reports? or should I apply now? The overall util is 11%. All my other accounts are 0.

NFCU Flagship Visa 25k - Pentagon FCU Platinum Visa Signature 20k - USAA World MasterCard 10k - USAA American Express 10k - BoA 3, 2, 1 Card 10k - Southwest RR 8.5k - CSP 5k - Chase Freedom 2k - Discover It 2k - Barclay's Arrival 2.5k - NFCU Cash Rewards 2k - Military Star 5.8k - American Express BCP 2k - American Express PRG NPSL
Message 1 of 6
5 REPLIES
Mega Contributor

Re: Should apply now or wait till next week?


romey050500 wrote:

680 Eq fico score from myfico. I'm overall 11% util, but I have one card at 95% I paid a day too late last month. It should report as zero around the 15th of this month. But I recently refinanced my house, and I have a feeling that is going to show up on my credit report on Monday. I have no idea what that new account will do to my score. Should I roll the dice and hope the one credit card reports the zero balance before the mortgage reports? or should I apply now? The overall util is 11%. All my other accounts are 0.


I would wait, 95% util. on one card is too high for an app.




EQ FICO 548 3/3/16
Message 2 of 6
Valued Contributor

Re: Should apply now or wait till next week?

Wait, having one card maxed out is almost guaranteed to be an instant denial.

Cards: Chase Southwest 20k & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Message 3 of 6
New Contributor

Re: Should apply now or wait till next week?

I didn't want to risk a new balance being reported, and I applied over the weekend. I had great sucess on my app spree. I started another thread about it.

NFCU Flagship Visa 25k - Pentagon FCU Platinum Visa Signature 20k - USAA World MasterCard 10k - USAA American Express 10k - BoA 3, 2, 1 Card 10k - Southwest RR 8.5k - CSP 5k - Chase Freedom 2k - Discover It 2k - Barclay's Arrival 2.5k - NFCU Cash Rewards 2k - Military Star 5.8k - American Express BCP 2k - American Express PRG NPSL
Message 4 of 6
Regular Contributor

Re: Should apply now or wait till next week?

That's great..  My bank CC is always maxed out and I got approved for AMEX and Chase Freedom. 

FICO scores:EQ- 723 (6/13), TU- 722 (6/13), EX- ?
My Wallet- AMEX BCE-17.5K, Chase Freedom-6k, Cap1- 5K, BMO Harris-5K, Wells Fargo-2K,
Store Cards-Lowes- 8K, Ashley Furniture-6K, American Furniture-2.5K,


Message 5 of 6
Moderator Emerita

Re: Should apply now or wait till next week?

Can the lender do a mid cycle report? I know us cutting it close but its worth a try
Message 6 of 6