topic utilization on multiple business cards in Business Credit

utilization on multiple business cards

longclimbback — Sat, 23 Apr 2016 00:35:11 GMT

I searched but found nothing on utilization if you have more than one card. I have a 2 year old ink cash with a 20k limit that I've come close to maxing and then paid down with never any second thoughts. I recently added a boa business cash rewards 16k and an ink plus 17k. Anyone have any thoughts on maximum utilization on these cards. Ideally I'd like to rotate them and keep a high balance on only 2 of them before paying down or off. But depending on cash flow maybe it would be necessary to have all 3 report a significant balance at times. Anyone ever have any adverse actions for carrying multiple high balances on business cards for a couple months?

Re: utilization on multiple business cards

Imperfectfuture — Sat, 23 Apr 2016 01:07:47 GMT

Carried high balance on one card for few months. No AA. This was Amex. Will be carrying high util on Ink until get cli, think I will be play there.

Re: utilization on multiple business cards

myjourney — Sat, 23 Apr 2016 16:30:08 GMT

Change your thinking about business cards UTL

They have no bearing like personal in fact the more you use the more they like

You can run it up 100% and let the statement cut no biggie

In your case run all 3 up if you like and don't stress the small stuff

Re: utilization on multiple business cards

longclimbback — Sat, 23 Apr 2016 18:10:45 GMT

Thanks journey, that's what I was wondering.

Re: utilization on multiple business cards

myjourney — Sat, 23 Apr 2016 18:29:10 GMT

@longclimbback wrote:
Thanks journey, that's what I was wondering.

Any time and you're welcome

So take that business worry out of the equation and concentrate on other aspects of the biz

Re: utilization on multiple business cards

Bobbyjohnson — Tue, 26 Apr 2016 16:09:56 GMT

data point: I have 11k used out of 18.5k avaialble on Chase Ink Cash (as part of 0% offer). Over 200k in unused personal CLs. My Amex SPG business 11k out of 23k used (for about 6 months). 7th statement cut and bam, out of nowhere I get an email with a CLD'd to 11.3k. Fico is 757, no major drop. No new apps in about 6 months.

So just a word of caution with Amex Biz cards - don't carry a balance for too long.

Re: utilization on multiple business cards

baller4life — Tue, 26 Apr 2016 23:30:42 GMT

@Bobbyjohnson wrote:
data point: I have 11k used out of 18.5k avaialble on Chase Ink Cash (as part of 0% offer). Over 200k in unused personal CLs. My Amex SPG business 11k out of 23k used (for about 6 months). 7th statement cut and bam, out of nowhere I get an email with a CLD'd to 11.3k. Fico is 757, no major drop. No new apps in about 6 months.

So just a word of caution with Amex Biz cards - don't carry a balance for too long.

Good to know. Thanks for sharing!

Re: utilization on multiple business cards

Imperfectfuture — Wed, 27 Apr 2016 11:42:58 GMT

@baller4life wrote:
@Bobbyjohnson wrote:
data point: I have 11k used out of 18.5k avaialble on Chase Ink Cash (as part of 0% offer). Over 200k in unused personal CLs. My Amex SPG business 11k out of 23k used (for about 6 months). 7th statement cut and bam, out of nowhere I get an email with a CLD'd to 11.3k. Fico is 757, no major drop. No new apps in about 6 months.

So just a word of caution with Amex Biz cards - don't carry a balance for too long.
Good to know. Thanks for sharing!

Had no problems carrying on simplycash, almost 8 months.

Re: utilization on multiple business cards

SouthJamaica — Wed, 27 Apr 2016 19:39:44 GMT

@Bobbyjohnson wrote:
data point: I have 11k used out of 18.5k avaialble on Chase Ink Cash (as part of 0% offer). Over 200k in unused personal CLs. My Amex SPG business 11k out of 23k used (for about 6 months). 7th statement cut and bam, out of nowhere I get an email with a CLD'd to 11.3k. Fico is 757, no major drop. No new apps in about 6 months.

So just a word of caution with Amex Biz cards - don't carry a balance for too long.

Wow, thanks for that info.

Re: utilization on multiple business cards

myjourney — Wed, 27 Apr 2016 21:31:35 GMT

@Bobbyjohnson wrote:
data point: I have 11k used out of 18.5k avaialble on Chase Ink Cash (as part of 0% offer). Over 200k in unused personal CLs. My Amex SPG business 11k out of 23k used (for about 6 months). 7th statement cut and bam, out of nowhere I get an email with a CLD'd to 11.3k. Fico is 757, no major drop. No new apps in about 6 months.

So just a word of caution with Amex Biz cards - don't carry a balance for too long.

We always suggest when statement cuts PIF although I understand the Ink 0% promo usage

SPG usage tho I can't understand why didn't you put it under $0%? (curious that's all)

You were carrying 22k on 41.5k limits 50% UTL

I can see where this may have raised some red flags after an extended period

Depending on what amount you were paying towards the balance and interest over the course of 6 months on SPG.

Since it has no $0% promo this can be trigger ^^^^^^^^

Re: utilization on multiple business cards

Bobbyjohnson — Wed, 27 Apr 2016 21:38:36 GMT

@myjourney wrote:
@Bobbyjohnson wrote:
data point: I have 11k used out of 18.5k avaialble on Chase Ink Cash (as part of 0% offer). Over 200k in unused personal CLs. My Amex SPG business 11k out of 23k used (for about 6 months). 7th statement cut and bam, out of nowhere I get an email with a CLD'd to 11.3k. Fico is 757, no major drop. No new apps in about 6 months.

So just a word of caution with Amex Biz cards - don't carry a balance for too long.
We always suggest when statement cuts PIF although I understand the Ink 0% promo usage
SPG usage tho I can't understand why didn't you put it under $0%? (curious that's all)

You were carrying 22k on 41.5k limits 50% UTL
I can see where this may have raised some red flags after an extended period
Depending on what amount you were paying towards the balance and interest over the course of 6 months on SPG.
Since it has no $0% promo this can be trigger ^^^^^^^^

yeah, lesson learned on the biz side of CL utilization, use it to float for 30-60 days and thats about it. Payments always $100 over min. due. I just always assummed hitting the biz lines hard and ulilization % didn't really matter. Oh well, lesson learned, life goes on

Re: utilization on multiple business cards

myjourney — Wed, 27 Apr 2016 21:45:27 GMT

@Bobbyjohnson wrote:
@myjourney wrote:
@Bobbyjohnson wrote:
data point: I have 11k used out of 18.5k avaialble on Chase Ink Cash (as part of 0% offer). Over 200k in unused personal CLs. My Amex SPG business 11k out of 23k used (for about 6 months). 7th statement cut and bam, out of nowhere I get an email with a CLD'd to 11.3k. Fico is 757, no major drop. No new apps in about 6 months.

So just a word of caution with Amex Biz cards - don't carry a balance for too long.
We always suggest when statement cuts PIF although I understand the Ink 0% promo usage
SPG usage tho I can't understand why didn't you put it under $0%? (curious that's all)

You were carrying 22k on 41.5k limits 50% UTL
I can see where this may have raised some red flags after an extended period
Depending on what amount you were paying towards the balance and interest over the course of 6 months on SPG.
Since it has no $0% promo this can be trigger ^^^^^^^^
yeah, lesson learned on the biz side of CL utilization, use it to float for 30-60 days and thats about it. Payments always $100 over min. due. I just always assummed hitting the biz lines hard and ulilization % didn't really matter. Oh well, lesson learned, life goes on

Oh ok I got you now

Yeah the best way to use unless you have a 0% promo is to pay it off and in that case you can run it up monthly to 100% and then PIF

Sorry it happened to you Bobby but with Amex after paying it down you stand a good chance of seeing the line increased again via 3x

Thanks for answering my question ...much appreciated