topic Re: Recon for high utilization in Credit Cards

Recon for high utilization

MontegoMack — Mon, 02 Dec 2013 02:52:35 GMT

I want to app for a couple of cards: AMEX PRG, Banana Republic and Marriot. Yes, the right thing to do is to wait and bring my utiliation down because it's high. Quite high. I'll bring everything down by March.

In the mean time, I'm wondering about some of the recon reasons you've given.

Anyone?

Re: Recon for high utilization

09Lexie — Mon, 02 Dec 2013 03:15:42 GMT

How high is high?

Re: Recon for high utilization

MontegoMack — Mon, 02 Dec 2013 03:16:54 GMT

Around 60%.

Re: Recon for high utilization

09Lexie — Mon, 02 Dec 2013 03:30:14 GMT

We'll that is high. Since there really isn't a way to recon Amex - that's a definitely wait. Chase may recon but you'd have to have a compelling reason for that util. In the end, I think its a denial there too.

Re: Recon for high utilization

Creditaddict — Mon, 02 Dec 2013 03:40:49 GMT

Amex PRG I'd apply now, that shouldn't be a problem and Banana probably not either but you can't TD on if denied but based on your like $9k limit I would think approval would be for sure.
Now if your chase is over 50% I might wait on marriott but if you have good lengthy history with chase they have been very giving on that card so might be worth it... But do other 2 first to test waters

Re: Recon for high utilization

juggalo9er — Mon, 02 Dec 2013 04:59:30 GMT

an idea for a recon.......its christmas so the util is high, you expect a substantial tax return thus the card will be paid off!

Re: Recon for high utilization

Anonymous — Mon, 02 Dec 2013 05:04:42 GMT

@juggalo9er wrote:
an idea for a recon.......its christmas so the util is high, you expect a substantial tax return thus the card will be paid off!

depends on your payment history.

if you're making small or minimum payments, then you don't really have a strong case.

whereas if you typically pay your bills in full after each statement is generated, and the utilization is high simply because of your normal usage, then you can make a compelling case for the analyst to approve your app. Your CRs show the exact amount you paid each month.