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Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
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Re: APR's all going up on cc's due to credit to debt ratios?

Forward,

 

Looks like your total util is just over 50%--50.4% to be exact.

 

If you did some BTs (Balance Transfers) you could go from this:
B of A      2600/29000       9.0%   APR 13.9
B of A      8800/9500       92.6%   APR 22.9
B of A         0/9500        0.0%   APR 22.9
Amex Blue   8708/10000      87.1%   APR 3.99
HSBC        3800/5000       76.0%   APR 2.99
CITI        9184/10300      89.2%   APR 13.49
Chase       8600/9500       90.5%   APR 7.99

 

To this:
B of A     14602/29000      50.4%   APR 13.9
B of A      4784/9500       50.4%   APR 22.9
B of A      4784/9500       50.4%   APR 22.9
Amex Blue   5035/10000      50.4%   APR 3.99
HSBC        2518/5000       50.4%   APR 2.99
CITI        5186/10300      50.4%   APR 13.49
Chase       4784/9500       50.4%   APR 7.99

 

I think this might at least slow if not halt your APR tailspin.

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