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A Question about apping!

Established Member

A Question about apping!

Hello all! I know it is kinda far from now since I'm trying to apply for the Chase Hyatt card around December, but was just wondering should I clear off all my balances on all my cards at the time I apply for the Hyatt card? I pay off every card every month except for the Bofa Cash rewards privileges I just got, I'm tryign to make use of the 12 months free of 0% APR and it wouldn't be due until next year's July. So I was wondering if it is ok for me to apply for the card with the only balance on one card out of all my cards or I should pay it off too before applying for the Hyatt card? Thank you!

Bofa Privileges with Cash Rewards Visa Signature -11k / Chase Sapphire Preferred - 10k / Chase Freedom - 7k / Hyatt Visa - 5k
Bofa Travel Rewards Card Visa Signature - 7.5k / American Express True Earnings - 5k / Barclay Arrival WorldMaster card - 5k
Message 1 of 3
2 REPLIES
Moderator

Re: A Question about apping!

The general consensus around here is that scores are highest when all CCs except one report zero balances (and the one reporting is <10% of the CL).



Start: 619 (TU08, 9/2013) | Current: 802 (TU08, 3/13/18)
AMEX BCE $34000 | Discover IT $27000 | cashRewards VS $25000 | Sam's Club MC $25000 | Marvel MC $25000 | Macy's AMEX $25000 Store $25000 | Care Credit MC $20000 | BofA BBR #1 $19000 | BoA BBR #2 $18800 | Cap 1 QS WMC $17250 | JCP $15000 | CashForward WMC $14000 | Barclay Rewards WMC $14000 | Citi DC $12600 | Cash+ VS $12000 | Freedom VS $12000 | Disney VS $11500 | Cash 365 AMEX $11000 | WCU Visa $10000 | Uber VS $9000 | Blispay $7500 | Amazon VS $7300 | Target MC $5000 | Sony Card $4250 | ~~Gardening Since 4/1/18
Message 2 of 3
Established Member

Re: A Question about apping!

but if you leave a balance on each card; aren't you just letting the CC companies taking more of your money from APR %?

Bofa Privileges with Cash Rewards Visa Signature -11k / Chase Sapphire Preferred - 10k / Chase Freedom - 7k / Hyatt Visa - 5k
Bofa Travel Rewards Card Visa Signature - 7.5k / American Express True Earnings - 5k / Barclay Arrival WorldMaster card - 5k
Message 3 of 3