topic Re: Too high util for chase in Credit Cards

Too high util for chase?

Anonymous — Thu, 27 Nov 2014 20:29:48 GMT

Hey all,
I'm getting an itchy app finger. Im ready to pull the trigger with chase, but I'm a little concerned about my util.
I have the following limits and balances report as of last month:
Amex green: 4339/NPSL
BoA cash rewards: $94/2500
Citi typ: 671/1000
Along with 2 $500 cap one cards, and a WF 1k card reporting zero.
Is this too high? I'm mostly concerned with the typ card. Im at like 13% util total not including the amex. Thoughts? Also, how would they treat the balance on the amex?

Re: Too high util for chase

NRB525 — Thu, 27 Nov 2014 20:22:51 GMT

@Anonymous wrote:
Hey all,
I'm getting an itchy app finger. Im ready to pull the trigger with chase, but I'm a little concerned about my util.
I have the following limits and balances report as of last month:
Amex green: 4339/NPSL
BoA cash rewards: $94/2500
Citi typ: 671/1000
Along with 2 $500 cap one cards, and a WF 1k card reporting zero.
Is this too high? I'm mostly concerned with the typ card. Im at like 13% util total not including the amex. Thoughts? Also, how would they treat the balance on the amex?

That is a lot of good cards in a short time. Do you have to get Chase? Or should you spend a little time building a thicker file?

The utilization is probably not a problem, but I could imagine "short credit history" and "large number of recently opened accounts" as concerns.

Good luck!

Re: Too high util for chase

Anonymous — Thu, 27 Nov 2014 20:24:06 GMT

@Anonymous wrote:
Hey all,
I'm getting an itchy app finger. Im ready to pull the trigger with chase, but I'm a little concerned about my util.
I have the following limits and balances report as of last month:
Amex green: 4339/NPSL
BoA cash rewards: $94/2500
Citi typ: 671/1000
Along with 2 $500 cap one cards, and a WF 1k card reporting zero.
Is this too high? I'm mostly concerned with the typ card. Im at like 13% util total not including the amex. Thoughts? Also, how would they treat the balance on the amex?

AMEX Charge balance is not counted into utilization.

I'd pay down that citi if it's reported yet. If not, then go for it.

Re: Too high util for chase

Anonymous — Thu, 27 Nov 2014 20:27:22 GMT

@Anonymous wrote:
@Anonymous wrote:
Hey all,
I'm getting an itchy app finger. Im ready to pull the trigger with chase, but I'm a little concerned about my util.
I have the following limits and balances report as of last month:
Amex green: 4339/NPSL
BoA cash rewards: $94/2500
Citi typ: 671/1000
Along with 2 $500 cap one cards, and a WF 1k card reporting zero.
Is this too high? I'm mostly concerned with the typ card. Im at like 13% util total not including the amex. Thoughts? Also, how would they treat the balance on the amex?
AMEX Charge balance is not counted into utilization.

I'd pay down that citi if it's reported yet. If not, then go for it.

The current balance is 0 on the citi. the reported balance is above. they denied my request to report early. I made the payment like 10 minutes too late for it to be on this statement.

Alos, I've talked to someone in the EO who is willing to overlook my short history. Im just concerned that history combined with util is too much for her to overlook. so is this util okay?

Re: Too high util for chase

chalupaman — Thu, 27 Nov 2014 20:27:54 GMT

@Anonymous wrote:
Hey all,
I'm getting an itchy app finger. Im ready to pull the trigger with chase, but I'm a little concerned about my util.
I have the following limits and balances report as of last month:
Amex green: 4339/NPSL
BoA cash rewards: $94/2500
Citi typ: 671/1000
Along with 2 $500 cap one cards, and a WF 1k card reporting zero.
Is this too high? I'm mostly concerned with the typ card. Im at like 13% util total not including the amex. Thoughts? Also, how would they treat the balance on the amex?

As long as it's not super high like 40%, you can try Chase if you want.

Re: Too high util for chase

Anonymous — Thu, 27 Nov 2014 20:29:29 GMT

@jjn, You will have to wait until they report again then.

Re: Too high util for chase

Anonymous — Thu, 27 Nov 2014 20:30:26 GMT

@Anonymous wrote:
@jjn, You will have to wait until they report again then.

So you think its too high?

Re: Too high util for chase?

Anonymous — Thu, 27 Nov 2014 20:30:53 GMT

Yes.

Re: Too high util for chase?

takeshi74 — Fri, 28 Nov 2014 02:46:29 GMT

@Anonymous wrote:
Too high util for chase?

Can't answer that for you but lower is generally better. If you want the best odds then let it report. Your call. Is it more important to apply now or to have better odds?

As for the cahrge card, it does not factor into revolving utilization (except with older scoring models).

Re: Too high util for chase?

techiegirl — Fri, 28 Nov 2014 03:16:35 GMT

I was approved for Chase Freedom when I had 60% overall util. I also had a thick file and no lates. I'm strep that made a difference.

Re: Too high util for chase?

Anonymous — Fri, 28 Nov 2014 03:36:31 GMT

Thanks for the input. I'm gonna wait for the 0 balance to report. I'll let you guys know how it goes!

Re: Too high util for chase

taxi818 — Fri, 28 Nov 2014 18:50:03 GMT

@Anonymous wrote:
@Anonymous wrote:
Hey all,
I'm getting an itchy app finger. Im ready to pull the trigger with chase, but I'm a little concerned about my util.
I have the following limits and balances report as of last month:
Amex green: 4339/NPSL
BoA cash rewards: $94/2500
Citi typ: 671/1000
Along with 2 $500 cap one cards, and a WF 1k card reporting zero.
Is this too high? I'm mostly concerned with the typ card. Im at like 13% util total not including the amex. Thoughts? Also, how would they treat the balance on the amex?
AMEX Charge balance is not counted into utilization.

I'd pay down that citi if it's reported yet. If not, then go for it.

well my balance with amex was counted in there. i will explain. first statement was 171 balance. and yes it was counted into my total for utilization. now i know i pay in full every month. but if you show a balance after you pay in full. they will count it as long as amex reports. even though npsl. so my other cards showed like 2800 balances. with the amex it showed 2971. i was shocked . but it was small balance anyway. i assume op let report so that is a myth that it is not counted. if it reports its counted. even though you must pay in full