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When to apply

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Sbrav77
Regular Contributor

When to apply

Hello. I am looking at adding a few more cards with low or 0% interest balance transfer options to consolidate the rest of my cards. I received the Citi Custom Cash card about a month ago with a $12,000 sl and have utilized about half of that limit on transfers. This paid 3 cards down to a $0 balance. One of those cards was at a 46% utilization. The other 2 about 16%. Now my question, should I wait for all 3 of those accounts to reflect a $0 balance on my credit report before applying for the other cards? I'm thinking maybe my credit score will increase a bit with those 3 accounts showing paid off. I'm currently at about a 730-736 fico 8 depending on the bureau. I was looking at applying for a Bank of America card and maybe a second Navy Fed card. I've had my current Navy Fed card a little over a year and have received 2 credit increases in that time. Any advice would be appreciated. 

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FlaDude
Valued Contributor

Re: When to apply

My guess is that you'd be ok without waiting, but since it's only a few weeks, I'd wait anyway. How far out are you statement closing dates on those accounts?

Scores: March 21 FICO 8: EX 810, TU 808, EQ 813
AoOA: closed: 40 years, open: 30 years; AAoA: 14 years
Amex Gold, Amex Blue, Amex ED, Amex Delta Blue, Amex Hilton Surpass, BoA Platinum Plus, Chase Freedom Unlimited, Chase Amazon, Chase CSP, Chase United Explorer, Citi AA, Sync Lowes, total CL 203k
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