Paid down CC.. Should I wait?

[Anonymous]

Hello,

  I only have a secured Cap 1 with a 500 limit.  The last reported utilization on the card was 87%. I paid the card off in full a couple of days ago and then added a $10 fuel charge.  I wanted to apply for Discover IT, Cap 1 Platinum, QUicksilver, and Barclays, all within a 1 day period and from there dont touch another CC for another 2-3 years.

Should I wait until my credit report updates or should I just apply now?

[enerey]

Wait until your payment reports. 

[Anonymous]

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@Anonymous wrote:

Hello,

  I only have a secured Cap 1 with a 500 limit.  The last reported utilization on the card was 87%. I paid the card off in full a couple of days ago and then added a $10 fuel charge.  I wanted to apply for Discover IT, Cap 1 Platinum, QUicksilver, and Barclays, all within a 1 day period and from there dont touch another CC for another 2-3 years.

Should I wait until my credit report updates or should I just apply now?

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It takes awhile ( seems forever ) for your cards to update the paid off balance and for this to reflect on your FICO.

So yes, wait.

[Anonymous]

Thank you all. I will wait.....