Cap1 VentureOne odds of approval

[Anonymous]

A big part of utilization is having enough credit that it doesn't make a difference anymore (well unless you go crazy on spending). If you have 5k in balances and 10k available credit you are at 50% utilization. At 50k available credit you then you are only at 10% utilization.

[_NERD]

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@Anonymous wrote:

A big part of utilization is having enough credit that it doesn't make a difference anymore (well unless you go crazy on spending). If you have 5k in balances and 10k available credit you are at 50% utilization. At 50k available credit you then you are only at 10% utilization.

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I am at 49% total utilization, thanks to my jewelry accounts (Sterling) & my Ashley Furniture store account (Genesis).  Each of my CC's and a store card are tapped. I'm getting that under control. 

[Anonymous]

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@ShortBus wrote:

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@Anonymous wrote:

A big part of utilization is having enough credit that it doesn't make a difference anymore (well unless you go crazy on spending). If you have 5k in balances and 10k available credit you are at 50% utilization. At 50k available credit you then you are only at 10% utilization.

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I am at 49% total utilization, thanks to my jewelry accounts (Sterling) & my Ashley Furniture store account (Genesis).  Each of my CC's and a store card are tapped. I'm getting that under control. 

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Realize also that major credit card issuers look at furniture store accounts as lower or not the same than credit card accounts.

Definitely get the utilization down as others have said. you will be so glad you did!