Whatever you do...Don't apply till AFTER you closed... Congrats on the new Home. E! My bad.. I missed the title.. App Spree AFTER you close.. Geez! sometimes I crack myself up..lol E!
Never Give Up!!
@Alex311 escribió:
@RealEstateGuy89 wrote:Depending on how much your credit limit is with Discover, I would call them and see about doing a balance transfer and possibly a CLI. It would be ideal if you could get your balance at Truist under 28.9%. If your credit limit isn't high enough, I would transfer whatever you could to make the util on the lower side for both cards. Right now, you have 85% util on your Truist card. You could possibly see quite a bit of an increase in points if you get util down. You might be in a better position to get some of the cards that you want that way. GL.
My discover card doesn't have a balance, the only card I'm carrying a balance on is the Truist card, and that's the card I'd like to do a transfer on.....
I think what he was getting at was the general industry maxim of "The less you seem to need credit, the easier it is to get."
Although you only carry a balance on one card, it is at a very high utilization percentage. That can be a setback with your planned app spree. You would want your utilization to report under 30% to prevent issuers/lenders from getting nervous, and, ideally, at or below 9% to have the best effect on your scores/profile.
Your original question asked about how to best be able to secure all of the goal cards you wanted. That was what @RealEstateGuy89 responded to. I can see why shelling out BT fees more than once would not seem ideal to you, but if the priority for you is getting approved for all of those cards, I strongly suggest that you address that high utilization, as that, alone, can be enough reason for a denial, especially now, during our current climate of economic uncertainty, inflation, and rising interest rates. The high utilization will make you look like more of a credit risk. This is not to say you would definitely not get approved, but you would likely not get the optimum terms (APR, starting CL). This is only compounded when you factor in the multiple HPs in a short period of time that you would need to be able to get all of these cards. It could be perceived as heavy credit-seeking with a high-utilization debt that the consumer is struggling to pay down, and subsequently cause lenders to draw the purse strings closed.
