When should I apply for a new line of credit?

[msvee32]

I am closing on the 27th of this month and I need to do some renovations to my new home before we move in. I am above 30% of my utilization on all 3 of my credit cards - $5500 used out of $6500. I would like to start my renovations as soon as possible as my family and I are relocating to another state. Should I pay down my credit cards before I apply for a new line of credit? Does it matter? Thinking about applying for a line of credit vs a credit card

[Anonymous]

Congrats on your new home. I would definitely get the utilization down before applying for any new credit. 

[msvee32]

Thanks!

[AverageJoesCredit]

Any time you apply for credit, its always best to try and lower utilization. Your odds will go way up

[Anonymous]

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@AverageJoesCredit wrote:
Any time you apply for credit, its always best to try and lower utilization. Your odds will go way up

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I've thought about that a few tmes, and wonderd if it can be a double edged sword?

My current util is 3%, on $95K avialable credit. Surely if I have that much available, CCC might feel I don't need anymore.