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Planning App Spree - start at 0.1% or 8.9% utilization?

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Established Member

Planning App Spree - start at 0.1% or 8.9% utilization?

I’m planning to go on an app spree. How much would it help me to bring my current overall utilization to just a little bit above 0% , as opposed to 8.9%? Would that little push to just above 0% increase my chances for approval and also for higher starting limits? What about for requesting CLI’s from my current cards as well?
22 REPLIES 22
Valued Contributor

Re: Planning App Spree - start at 0.1% or 8.9% utilization?

0% doesn't get you much but, 1%-8.9% should garner some points.

 

i don't know your card lineup though to really advise anything at this point.  Your intial limits depend on more than your UTIL % though.  AAOA, income, etc. come into play for the decision as well if you have any marks on your records.

500K+ TCL / 800+ FCOs
Message 2 of 23
Super Contributor

Re: Planning App Spree - start at 0.1% or 8.9% utilization?

OP what is your definition of “app spree” ?
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 3 of 23
Established Member

Re: Planning App Spree - start at 0.1% or 8.9% utilization?

3 to 5 new open cards + CLI's on my existing 5 cards which I have been using extensively and have been open for more than 2 years.  

My income is relatively high, and my payment history is great.

Message 4 of 23
Established Member

Re: Planning App Spree - start at 0.1% or 8.9% utilization?

Yeah but how much practical difference is there between having a util of 1% and 8.99% when doing app spree and/or CLI's?


@Obscure-Expert wrote:

0% doesn't get you much but, 1%-8.9% should garner some points.


 

Message 5 of 23
Community Leader
Mega Contributor

Re: Planning App Spree - start at 0.1% or 8.9% utilization?


@theguyincharge wrote:

3 to 5 new open cards + CLI's on my existing 5 cards which I have been using extensively and have been open for more than 2 years.  

My income is relatively high, and my payment history is great.


 

 

Dont. You can thank us later. 

EX 759 EQ 774 TU 753


Message 6 of 23
Super Contributor

Re: Planning App Spree - start at 0.1% or 8.9% utilization?


@theguyincharge wrote:

3 to 5 new open cards + CLI's on my existing 5 cards which I have been using extensively and have been open for more than 2 years.  

My income is relatively high, and my payment history is great.


I was afraid of that. 

That’s too many cards all in one go. This may have been standard procedure three years sgo, but not advisable in today’s CC environment.  

 

Which cards do you have in mind, and which single card from that list do you see as most useful to your goals?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 7 of 23
Established Member

Re: Planning App Spree - start at 0.1% or 8.9% utilization?


That’s too many cards all in one go. This may have been standard procedure three years sgo, but not advisable in today’s CC environment.  



What's changed since three years ago? why no longer advisable?

Message 8 of 23
Community Leader
Mega Contributor

Re: Planning App Spree - start at 0.1% or 8.9% utilization?

A few things
Chance of denial increases with each subsequent app
Terms, if approved, get worse and worse
Depending on a lender, secondary review and possible shutdowns

If you have specific cards in mind, might make guesswork easier
EX 759 EQ 774 TU 753


Message 9 of 23
Established Member

Re: Planning App Spree - start at 0.1% or 8.9% utilization?

3 new cards and a few CLI’s on my existing cards (which I haven’t gotten for the over 2 years since they’ve been opened) is too much to ask for?
Message 10 of 23
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