Couple Questions

[Skye12329]

I have a couple questions.

Ive been curious to try and find an answer to this one, but was wondering when you apply online, is it an automatic system? Or is there a rep, that looks at your information within those 60 seconds? 

If i have a high utilization now, how long should i wait before i reapply? What i mean is, my util currently is high because things happen in life, and im paying all my cc's off right now, i was wondering how long should i wait before i apply for a new card with a low util? 

[09Lexie]

Once your CR's are updated, that's when you should apply.

[myjourney]

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@Skye12329 wrote:

I have a couple questions.

Ive been curious to try and find an answer to this one, but was wondering when you apply online, is it an automatic system? Or is there a rep, that looks at your information within those 60 seconds? 

If i have a high utilization now, how long should i wait before i reapply? What i mean is, my util currently is high because things happen in life, and im paying all my cc's off right now, i was wondering how long should i wait before i apply for a new card with a low util? 

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Computer system no rep online with 60 second speed Lol

Until UTL is below 15% better if below 10%

[Skye12329]

So once my cards are all paid, and have a util? and my reports all update, which is once a month? 

[bman86]

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@Skye12329 wrote:

So once my cards are all paid, and have a util? and my reports all update, which is once a month? 

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Most credit card accounts "should" update shortly after your statement cuts. If you paid all your cards down to a $0 balance I would let one credit card report a small balance. A $0 balance can actually drop your score rather then improve it. Just make sure whatever balance you do report is <10%.

[djc1puno]

you are right...wait until your payments gets reported to the cras and updated your new util before apping