Do more cards = better utilization %?

[Walt_K]

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@Anonymous wrote:

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@Anonymous wrote:

Example, you have 3 cards that have LOCs totaling $3000. Balances total $1500. so that's 50%.  Keep the same balance but with an extra card with a limit of $1k.  That should make your utilization about 37% correct?

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No.

$3000 + ( 3 * 1000) = $6000 CL.

($1500 / $6000 ) =   25 %   utilization

 Many reply, few answer!

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Pretty sure they meant $3000 + $1000 = $4000.

($1500/$4000) = 37.5%

[Mailak]

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@Anonymous wrote:

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@Anonymous wrote:

Example, you have 3 cards that have LOCs totaling $3000. Balances total $1500. so that's 50%.  Keep the same balance but with an extra card with a limit of $1k.  That should make your utilization about 37% correct?

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No.

$3000 + ( 3 * 1000) = $6000 CL.

($1500 / $6000 ) =   25 %   utilization

 Many reply, few answer!

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I think OP meant one extra card with $1000 CL.

[CS800]

I would say higher CL's helps util

[SwiftTone]

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@Anonymous wrote:

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@Anonymous wrote:

Example, you have 3 cards that have LOCs totaling $3000. Balances total $1500. so that's 50%.  Keep the same balance but with an extra card with a limit of $1k.  That should make your utilization about 37% correct?

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No.

$3000 + ( 3 * 1000) = $6000 CL.

($1500 / $6000 ) =   25 %   utilization

 Many reply, few answer!

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He means total CL with the 3 cards combined is $3000. Example: 3 cards with $1000 CL each.

[Anonymous]

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@Mailak wrote:

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@Anonymous wrote:

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@Anonymous wrote:

Example, you have 3 cards that have LOCs totaling $3000. Balances total $1500. so that's 50%.  Keep the same balance but with an extra card with a limit of $1k.  That should make your utilization about 37% correct?

---

No.

$3000 + ( 3 * 1000) = $6000 CL.

($1500 / $6000 ) =   25 %   utilization

 Many reply, few answer!

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I think OP meant one extra card with $1000 CL.

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I think I misread it. 

$3000 +  1000  = $4000 CL.

($1500 / $4000 ) =   37.5%   utilization