topic Re: Amazon Prime Visa - want to app but util question first in Credit Card Applications

Amazon Prime Visa - want to app but util question first

Anonymous — Wed, 17 May 2017 18:37:26 GMT

So I have been examining where my spend is and what will benefit me better and the Amazon Prime Visa would be a good fit. I have no HP's on EQ and EX this year but my hesitation on waiting until after 6/1 is a utilization concern on (1) card that reported last month. My current overall utilization reported last month was 9% with one card in particular reported at 41% util which has bene paid down to a total balance of $50.

Should I wait until my reports update after 6/1 and the util lowers both overall and on that one card or safe to possibly pull the trigger now? Current scores are 750's-770's.

Thanks!

Re: Amazon Prime Visa - want to app but util question first

Anonymous — Wed, 17 May 2017 19:05:34 GMT

I was approved for the Amazon Chase Visa at 47% UTL and my EQ score at the time was only 640.

Re: Amazon Prime Visa - want to app but util question first

Anonymous — Wed, 17 May 2017 19:08:20 GMT

@Anonymous wrote:
I was approved for the Amazon Chase Visa at 47% UTL and my EQ score at the time was only 640.

Interesting to know and thanks for the response. I'm also trying to play it safe to get the best SL I can.

Re: Amazon Prime Visa - want to app but util question first

Anonymous — Wed, 17 May 2017 19:09:32 GMT

Yes, that is true. My SL was only at 2k but didn't complain knowing that my UTL was higher than usual. I am sure you'll have a better chance with your score too.

Re: Amazon Prime Visa - want to app but util question first

Anonymous — Wed, 17 May 2017 19:17:55 GMT

I think you are good to go getting this card. Overall utilization is below 10% and your scores are great so...let er rip!

Re: Amazon Prime Visa - want to app but util question first

Anonymous — Wed, 17 May 2017 20:30:31 GMT

My advice in these situations is always to wait. If waiting another month could mean bringing all of your util to the ideal range, it could mean a $5k approval instead of a $2k approval. No way of knowing for sure, but I'd recommend waiting so you get the most favorable result.

Re: Amazon Prime Visa - want to app but util question first

AverageJoesCredit — Wed, 17 May 2017 20:45:06 GMT

2 weeks for a better report, id just throw darts on a board so somewhere, a lucky fella or lady can hear those Disco bells and get a cli ( see how simple to move the cli machine of Disco, everyone of all ages can play even while at home )

If it were 6 months, i say shoot for it now but always nice to go to Chase in your Sundays best

Re: Amazon Prime Visa - want to app but util question first

Anonymous — Wed, 17 May 2017 20:49:20 GMT

If you can wait until the 1st than I would. I think I had 5% util when I applied (I have a BT on a no interest card at the moment) and I got $5k.

Re: Amazon Prime Visa - want to app but util question first

Anonymous — Wed, 17 May 2017 20:53:04 GMT

@AverageJoesCredit wrote:
2 weeks for a better report, id just throw darts on a board so somewhere, a lucky fella or lady can hear those Disco bells and get a cli ( see how simple to move the cli machine of Disco, everyone of all ages can play even while at home )

If it were 6 months, i say shoot for it now but always nice to go to Chase in your Sundays best

Thanks for all the responses and I am definitely waiting until the new balance on that account reports before applying. I'll update at some point on 6/1.

Re: Amazon Prime Visa - want to app but util question first

Anonymous — Thu, 18 May 2017 02:18:00 GMT

Solid decision and one that I think you'll be happy you made come June when you get a solid approval and nice SL.

Re: Amazon Prime Visa - want to app but util question first

Anonymous — Thu, 18 May 2017 07:36:33 GMT

Being she is at under 10% utilization across the board, she is currently helping her credit score. If she pays it down to 0% utilization, she will lower her credit score would she not? So, shouldn't she app now before that one credit card shows a zero balance and her score drops for being at 0% utilization??

Re: Amazon Prime Visa - want to app but util question first

Anonymous — Thu, 18 May 2017 10:28:10 GMT

@Anonymous wrote:
Being she is at under 10% utilization across the board, she is currently helping her credit score. If she pays it down to 0% utilization, she will lower her credit score would she not? So, shouldn't she app now before that one credit card shows a zero balance and her score drops for being at 0% utilization??

So I have been examining where my spend is and what will benefit me better and the Amazon Prime Visa would be a good fit. I have no HP's on EQ and EX this year but my hesitation on waiting until after 6/1 is a utilization concern on (1) card that reported last month. My current overall utilization reported last month was 9% with one card in particular reported at 41% util which has been paid down to a total balance of $50.

Re: Amazon Prime Visa - want to app but util question first

kdm31091 — Thu, 18 May 2017 10:53:38 GMT

@Anonymous wrote:
My advice in these situations is always to wait. If waiting another month could mean bringing all of your util to the ideal range, it could mean a $5k approval instead of a $2k approval. No way of knowing for sure, but I'd recommend waiting so you get the most favorable result.

Agree here. If there's ever any doubt, trust your instinct and wait. The card isn't going anywhere; waiting til June seems like a good plan.