Wells Fargo Reflect Balance Transfer Card Aproved !

[urluckypenny1]

After being on this board and asking questions, I decided to with the Wells Fargo Reflect BT card. They gave me a $10 K limit 0% for 21 months.

the question is I'm going to transfer $5,800 from my AMEX card. What to I do with the other $4,200 of the limit. I'd say nothing being that way I wouldn't have 50% utilization instead of 7500 plus? 🤷‍♂️
i Heard- of people taking it out and using the money to leverage the left over money? 

[MissLiz]

Congratulations on your nice approval! 
(I'm not following your question 😬)

[JoeRockhead]

Nice to see you found an approval with a useful limit for your BT needs. You should avoid going over 79% utilization on the new card if at all possible. Congratulations on your approval.

[gingerflower]

Congratulations on your approval with a nice SL 

[NoMoreE46]

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@urluckypenny1 wrote:

After being on this board and asking questions, I decided to with the Wells Fargo Reflect BT card. They gave me a $10 K limit 0% for 21 months.

the question is I'm going to transfer $5,800 from my AMEX card. What to I do with the other $4,200 of the limit. I'd say nothing being that way I wouldn't have 50% utilization instead of 7500 plus? 🤷‍♂️
i Heard- of people taking it out and using the money to leverage the left over money? 

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Dont Leverage this - Remember there is a 5% BT  fee.

[coreyb80]

Congrats!

[Rdbeetle]

Congrats on your WF approval!

[911gt34life]

Congrats 

[FlaDude]

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@NoMoreE46 wrote:

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@urluckypenny1 wrote:

What to I do with the other $4,200 of the limit. I'd say nothing being that way I wouldn't have 50% utilization instead of 7500 plus? 🤷‍♂️
i Heard- of people taking it out and using the money to leverage the left over money? 

---

Dont Leverage this - Remember there is a 5% BT  fee.

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Sounds like good advice to me, between that and effect having a maxed out card has on your score.

Congrats on the new card!

[4sallypat]

Keep the utilization under 30% - I have a $16K CL and never go above 30% as it impacts your score.