I never let my statements cut with more than 1% util. How much am I gaining by this micro management? A very small increase I'm sure. But it does keep me doing something to keep the app itch down hehehe
Hello everyone I just started my credit adventures at the beginning of March with capital one. I was approved for the platnium and have been spending near the max of my 300 limit then paying it all off but two dollars the day before my due date then paying the 2.00 on my due date for lowest utlization. I recently just product changed to the Quicksilver through that handy link someone had. Anyways here I am about 5 months later sitting at a 682 CS wanting to get on board with Chase, do I wait or go for it ?
Check out the pre qual site on Credit Karma and see what shows up. Also, there have been people under 21 getting prequaled.
Sorry for the late response , should I be applying at the beginning or end of September ?
Apply when your reports update.
Also, when the reports are updated, check out the Chase and/or Credit Karma pre-qual site to see if you get any offers.
Also, not to burst your bubble, but a CLI isn't very helpful. It's a nice thing to get but it doesn't increase your FICO score.
FICO is based on Utilization.
For best scores keep your utilization (usually referred to on here at UT) under 10% and above 1%.
Sorry I'm late to this thread but I'm proof people read old Q & A's on here sometimes years later. I'm interrupting just to point out a slight inconsistency in your response (will ALL due respect!!!) - a CLI can be quite helpful to someone trying to build credit because, as you rightfully point out, FICO considers utilization quite highly. The CLI will help achieve a lower utilization percentage to someone who is actively and dilligently pursuing higher scores and better TL's. :-)
Hey everyone, just wanted to give a quick thought I have been having. When I go to apply here soon should I potentially try and go for the CSP app as well ? Or should I just hold off on that one? Updated on my Vantage 3.0 sitting at 707
Thank you all !