Highest balance statistic

[Anonymous]

Did I crack the code? I have multiple cards in the 3200 to 4500 CL range. They are newer accounts I've used them a lot but not high balances.

My question is… I intend to pursue a visa signature travel card in the new year after all my 2o14 inquries fall off.
Should I transfer balance shuffle so the cards all have experience high dollar amount stats?

[FinStar]

Why not just use your cards the traditional method to avoid incurring high BT fees?  What value or benefits are you seeking specifically with a Visa Signature CC?

[Anonymous]

It has been discussed before the data point of highest amount single credit card has been, does it really influence potential credit limits on your new applications? if I have 3 credit cards that are under $5,000 it would probably guarantee another one at that same limit because those cards have never been over 500 bucks for example.

I feel that I had too many cards. However I am pretty happy with "who" I have, finally having heavy hitters across several banks. If I got the Chase Sapphire I would ax five weak cards zero hesitation.

So to be specific my Chase Freedom is a 3500 limit and it currently is at 1500 dollars because I just did a final balance transfer. I currently pay no interest on anything I carry. that's the highest it's ever been but that is still way under 50%. If I had used that freedom for dumb things just a little bit of fuel and never having balance over $100, that is a use profile that doesn't need a high credit limit.

[FinStar]

---

@Anonymous wrote:
It has been discussed before the data point of highest amount single credit card has been, does it really influence potential credit limits on your new applications? if I have 3 credit cards that are under $5,000 it would probably guarantee another one at that same limit because those cards have never been over 500 bucks for example.

I feel that I had too many cards. However I am pretty happy with "who" I have, finally having heavy hitters across several banks. If I got the Chase Sapphire I would ax five weak cards zero hesitation.

So to be specific my Chase Freedom is a 3500 limit and it currently is at 1500 dollars because I just did a final balance transfer. I currently pay no interest on anything I carry. that's the highest it's ever been but that is still way under 50%. If I had used that freedom for dumb things just a little bit of fuel and never having balance over $100, that is a use profile that doesn't need a high credit limit.

---

Not necessarily.  Every lender's UW criteria and algortihms are different.  Income and other factors tend to influence some of the initial SLs such as a well-established profile for starters.  When starting out, I never relied on the highest balance as a barometer for other lenders to approve me with higher CLs let alone shifting BTs to achive such a goal.  Now, if you want to spend the extra $$ for each BT to determine whether the "high balance" experiment works, go for it.

[ojefferyo]

From my experience I have had great sucess from having the "highest balance" report. I usually only do it with my Chase cards because once it reports the highest balance I can just pay it off and they will report again. My highest balance on my Chase card is $18k and my approvals for new cards have been at least in the $10k+ ranges