@Jazee wrote:
@ElvisCaprice wrote:
Ah, got you. You should be good then. Fire away, like to see how it goes for you. Grab as many as allowed. Start Citi, USB, pause then Chase and Amex.The other point I forgot to make is, if lenders turned down most card holders with good score and no recent inquiries or accounts because of moderate balances on existing cards, there would be no point of offering a Balance Transfer offer on Credit Cards in the first place. It should mainly just effect SLIs and CLIs.
When it comes to Banks issuing credit, any reason to deny can be used for justification. Your trying to make sense of a moving process. Just fire away. What's the worst that can happen, a denial, HP. No big deal. Next
@Jazee wrote:
@Jazee wrote:
@ElvisCaprice wrote:
@Jazee wrote:About to app for 2 new cards in a few days after one of my cards posts zero balance. DPs: FICO8 will be at least 770. Total UTI 36% $54k total CLI. 4 cards, 2 reporting zero balance, one 28% UTI other 68%. Short term relationships with BofA, Citi and USB but not using for primary (just did DD for subs a couple months ago.) long time relationship with Chase but burned them on a Biz card 7 years ago that was tied to my SSN but fell off reports but still shows up in my Chase online banking!
Want one rewards primarily for BT and one travel related (no annual fees). My two targets are:
AMEX Blue Cash Everyday
USB Altitude Connect
Backups are (although denial in first two would mean likely denial in these also I expect)
BofA Customized Cash
Capital One Savor
Chase Freedom Flex
Citi Double cash (last resort I hate Citi)
I will of course use prequal tools first when available. Recommended order of apping assuming prequal?
36% total utilization? Way to high. Get it down to 8%.
Bof A Customized Cash approved $11K SLI. US Bank Altitude Connect Approved $12K SLI. 37% UTI.
BTW, this makes perfect sense. If banks were overly sensitive to UTI this would contradict basic logic asking what would be the point of offering intro APRs for balance transfers then? If most everyone, not all, that were approved had to have a very low UTI, unless it's 6% of $300K or something and their income was 5 figures (like most the population), there's no practical use for doing balance transfers so having a BT offer is basically pointless.
I think the UTI is more to do with FICO score than so much with CC approvals/denials. BUT, if they didn't want to give you an approval then they could use UTI as a reason.
That's why I said fire away when you clarified you were clean of HP's or new CC's for the past 6 months to a year. These two factors are the most important, if FICO is acceptable. New accounts first, HP's second.