I plan on applying for the Marriot Rewards Premier, Discover one or Visa black credit card.
I have had high balances on my accounts for a few months, but have never missed a payment. Everything is in good standing. I'm going to make large payments to my accounts to lower all balances to 29% of the limits. (I've heard keeping under 30% is best) and the higher balances you have the higher risk you are to banks/lenders.
How long after I make these payments should I wait before applying for one of the cards I listed above? Is waiting until the banks post the updated balances to my credit report sufficient? Or do I have to keep the balances under 30% for a few months to maximize approval chance?
Thanks in advance!!!