The Itch

[BarryNTexas]

Well I finally have offers in hand for my two target cards. And I have until March 31 to act but is before I was expecting to pull the trigger.

I have annual bonus paid at end of March and was using some of the funds to pay off all of balances in hopes of breaking 800 scores.

The two cards are AMEX SPG and CHASE AARP.  The optimimal option would be to wait until I have all balances paid down and my score stabilized right?

[kdm31091]

Yes, with heavy utilization you will not be as likely to get the best terms or APR. I know you are excited, but it makes sense to wait. Neither of those cards are going anywhere. Pay your balances down, let your scores rebound and then go for it.

[Delta22]

+1 wait till you're able to pay down your balances, you'll most likely get a better rate and those offers will be around for a while

[Anonymous]

wait wait wait wait pay down balances...

[BarryNTexas]

Thanks you all.  Agreed on waiting.  Sometimes I just need to post something in writing to make myself not do something stupid. 

[Anonymous]

What is your current utilization? If you only have until the end of March to take advantage of the pre qualified offers and you don't get your bonus money you want to pay your cards down with until the end of March, those payments won't show until after your offers have expired.

If your utilization is in the  20's, you are probably ok now.

[ladyMJ]

If I can get the CSP with 37 util, and my scores, I am sure you are golden with that profile.