topic Re: Couple Questions in Credit Cards

Couple Questions

Skye12329 — Wed, 31 Jul 2013 21:07:30 GMT

I have a couple questions.

Ive been curious to try and find an answer to this one, but was wondering when you apply online, is it an automatic system? Or is there a rep, that looks at your information within those 60 seconds?

If i have a high utilization now, how long should i wait before i reapply? What i mean is, my util currently is high because things happen in life, and im paying all my cc's off right now, i was wondering how long should i wait before i apply for a new card with a low util?

Re: Couple Questions

09Lexie — Wed, 31 Jul 2013 21:11:28 GMT

Once your CR's are updated, that's when you should apply.

Re: Couple Questions

myjourney — Wed, 31 Jul 2013 21:11:56 GMT

@Skye12329 wrote:
I have a couple questions.

Ive been curious to try and find an answer to this one, but was wondering when you apply online, is it an automatic system? Or is there a rep, that looks at your information within those 60 seconds?

If i have a high utilization now, how long should i wait before i reapply? What i mean is, my util currently is high because things happen in life, and im paying all my cc's off right now, i was wondering how long should i wait before i apply for a new card with a low util?

Computer system no rep online with 60 second speed Lol

Until UTL is below 15% better if below 10%

Re: Couple Questions

Skye12329 — Wed, 31 Jul 2013 21:12:46 GMT

So once my cards are all paid, and have a util? and my reports all update, which is once a month?

Re: Couple Questions

bman86 — Wed, 31 Jul 2013 21:36:40 GMT

@Skye12329 wrote:
So once my cards are all paid, and have a util? and my reports all update, which is once a month?

Most credit card accounts "should" update shortly after your statement cuts. If you paid all your cards down to a $0 balance I would let one credit card report a small balance. A $0 balance can actually drop your score rather then improve it. Just make sure whatever balance you do report is <10%.

Re: Couple Questions

djc1puno — Wed, 31 Jul 2013 21:37:53 GMT

you are right...wait until your payments gets reported to the cras and updated your new util before apping