topic Re: Highest Utilization CC Approvals in Credit Cards

Highest Utilization CC Approvals

daveg38 — Sun, 06 Jan 2013 16:20:49 GMT

Since many people apply at different times of the year, what was your highest utilization and still able to obtain an approval for new credit? Just want to hear some inspirational 'seemingly impossible' approvals.

Re: Highest Utilization CC Approvals

patternofstars7 — Sun, 06 Jan 2013 16:25:54 GMT

I usually have less then 10% but I recenetly got approved for the Citi AA and TY preferred with about 51% Util. I do already have an existing relationship with Citi for about two years though.

Re: Highest Utilization CC Approvals

Open123 — Sun, 06 Jan 2013 16:28:32 GMT

This was a while ago, but I was approved for the CSP with about 18% utilization.

Re: Highest Utilization CC Approvals

Anonymous — Sun, 06 Jan 2013 16:35:12 GMT

I believe I'm at about 25% util and was approved for a slew of CLI's as well as BCE and Citi ThankYou Preferred. Not exactly impossibly high util but still a little high lol

Re: Highest Utilization CC Approvals

Epcot — Sun, 06 Jan 2013 16:35:58 GMT

In 2007 I got approved for a Chase Slate with 85% util. (My debt at the time was well over $40k accross all cards) Of course they gave me a 3 digit toy limit. Ha! So much for a BT.

Re: Highest Utilization CC Approvals

Open123 — Sun, 06 Jan 2013 16:39:11 GMT

@Anonymous wrote:
I believe I'm at about 25% util and was approved for a slew of CLI's as well as BCE and Citi ThankYou Preferred. Not exactly impossibly high util but still a little high lol

Personally, I don't think 25% is really that high.

I'd be perfectly comfortable with 25% Utilization, and I think most issuers will be too.

Re: Highest Utilization CC Approvals

daveg38 — Sun, 06 Jan 2013 16:58:32 GMT

@Epcot wrote:
In 2007 I got approved for a Chase Slate with 85% util. (My debt at the time was well over $40k accross all cards) Of course they gave me a 3 digit toy limit. Ha! So much for a BT.

Toy limit or not, that's still commendable. I had received a CLI with 91% awhile back from Chase and now that I'm doing slightly better, I was fishing for companies who're lenient with extending credit in high UTIL situations. Yes, I'm aware most creditors see asking for 'more debt' as red flags yet if you're simply trying to take advantage of 0% BT to get away from 22.9% interest 'toy limit' cards, I would hope that someone would understand. Here's what I'm saying.

Imagine you have Cards A, B, C totalling $5k in credit lines. You're at 70% utilization for whatever reason.

You apply for 0% BT Card 'D'. You want $3-5k to absorb 22.9% interest cards A and B. Instead of having A-D, you agree to close A and B after moving the lines over but keep C which is still low. I guess somewhere in my mind I cannot see why creditors wouldn't steal competitors business and not fret over high utilization when that utilization would, effectively, be lowered (provided payment history is good elsewhere).

Re: Highest Utilization CC Approvals

leoment — Sun, 06 Jan 2013 21:00:42 GMT

I was at around/near 50% util when I was approved for my PRG Amex in June.. I've since cut that down to at/near 30%, and will be apping for the BCP in about 2 weeks Just need to let a few cards report 0 balances first. everything else is good, so I'm thinking i have a good shot when i do. Will report back once I do.

Re: Highest Utilization CC Approvals

Anonymous — Sun, 06 Jan 2013 22:33:28 GMT

@daveg38 wrote:
Since many people apply at different times of the year, what was your highest utilization and still able to obtain an approval for new credit? Just want to hear some inspirational 'seemingly impossible' approvals.

All of my approvals have been in the 30 to 50% ranges. My declines also.