Credit Utilization Question

[Anonymous]

I have a question about CU. I have approx 100K in CL from all my accounts. Of that 100K, my highest cl on a single card is 10,600 and several with 10K. I was recently approved for a Alliant Pl for 10K with no BT fee and 0%APR purchases and BT for 12m. I have 2 accounts that have approx 3.8K on them and I wanted to transfer them to the Alliant and pay those off in the next year.

Those are really the only accounts that I carry a balance with and the others I PIF monthly. My question is, if I were to trans those 2 cards, I would have approx 76% Util on that card. But, with my overall CL from all cards, I am at 7.6% util. By transfering these 2 cards to the Alliant, will it hurt my credit score because of the high util on that single card?

The Cl on these 2 accounts are 4.5K and 6K which I am showing high util on those cards. I would like to have just one card with a balance, if this does affect my score. If it will, I may just put half on the Alliant and Half on my NASA that I was just approved for 10.6K at 7.9% and 0 BT fee. 

Hope this makes sense and thanks in advance.

[Anonymous]

Nobody is going to be able to tell you for sure. Because you have a fairly high util on the two current cards, I would guess that your score goes up slightly with a transfer.

Scoring issues aside, if you can't afford to PIF, putting everything on the Alliant card is a good idea. The 0% BT fee and 0% Apr will give you time to get things in order so that you can pay it off in a way that the 7% apr card won't.

Don't swear the score change. Utilization has no memory. As you pay off the BT, your scores will go up.

[Anonymous]

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@Anonymous wrote:
Nobody is going to be able to tell you for sure. Because you have a fairly high util on the two current cards, I would guess that your score goes up slightly with a transfer.

Scoring issues aside, if you can't afford to PIF, putting everything on the Alliant card is a good idea. The 0% BT fee and 0% Apr will give you time to get things in order so that you can pay it off in a way that the 7% apr card won't.

Don't swear the score change. Utilization has no memory. As you pay off the BT, your scores will go up.

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My scores are fairly decent right now and that is not the concern. EQ:770 Trans:760 And EX:715. I guess where I am getting at is I dont want my score to drop from a BT. The way I look at it is, I will have one card with high utilization vs 2. I have 12 accounts with virtually a 0 balance and one with a high balance, if I do the BT. So, if I take a hit to my CS, it will recover over time as you mentioned. I want to keep it all on one card and pay it off in a year considering I have a year with 0% APR. Might as well use the percs if given to me. I will probably transfer it all on that card and plan on paying 500-600 a month.