Question about Chase and util...

[Anonymous]

Last month I was approved for a Chase Freedom card. I used it for my regular bills and purchases and hit the $500 spend to get the $100 sign up bonus. Then I transferred a balance from a Jared Jewelry store card (20.99% APR) to the Freedom to take advantage of the 0% intro APR. The BT maxed out the Freedom, but I've already paid down $900 before the first statement even closed. I'm currently at $1500/$2500 on the Freedom. My goal is to build a relationship with Chase and then hopefully get approved for a CSP at the end of the year/early next year. I just switched my checking and savings to Chase from BofA (I was done with them anyways) so I'll be building a history with Chase.

The plan is to have this balance paid off by the end of the year. However, Citi just offered me 0% BTs on a card I already have. I'd like to transfer the balance from the Freedom to the Citi as the Citi has a higher CL and the util on that card won't be as bad. However, I'm concerned that Chase would ge suspicious about me transferring a balance in to the card only to transfer it to another card a couple weeks later. Does that look bad? Would it look better to them to keep in on the Freedom and pay down the balance over the next few months or transfer the balance and only make everyday charges on the Freedom and PIF every month? Or will they simply look at my overall UTIL and not care either way because this is basically 6 of one thing half dozen of another? 

Does Chase even care? Am I overthinking this whole thing?

[s_haliz]

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@Anonymous wrote:

Last month I was approved for a Chase Freedom card. I used it for my regular bills and purchases and hit the $500 spend to get the $100 sign up bonus. Then I transferred a balance from a Jared Jewelry store card (20.99% APR) to the Freedom to take advantage of the 0% intro APR. The BT maxed out the Freedom, but I've already paid down $900 before the first statement even closed. I'm currently at $1500/$2500 on the Freedom. My goal is to build a relationship with Chase and then hopefully get approved for a CSP at the end of the year/early next year. I just switched my checking and savings to Chase from BofA (I was done with them anyways) so I'll be building a history with Chase.

The plan is to have this balance paid off by the end of the year. However, Citi just offered me 0% BTs on a card I already have. I'd like to transfer the balance from the Freedom to the Citi as the Citi has a higher CL and the util on that card won't be as bad. However, I'm concerned that Chase would ge suspicious about me transferring a balance in to the card only to transfer it to another card a couple weeks later. Does that look bad? Would it look better to them to keep in on the Freedom and pay down the balance over the next few months or transfer the balance and only make everyday charges on the Freedom and PIF every month? Or will they simply look at my overall UTIL and not care either way because this is basically 6 of one thing half dozen of another? 

Does Chase even care? Am I overthinking this whole thing?

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I don't have experience of BT. But from general credit score perspective, I would have $1,500 put on higher limit CC, which is Citi I assume. Say Citi is having $6,000 limit. Now your utilization is suddenly 25% instead of 60% with Chase. Only thing Chase or other CC companies are going to care is "You Pay as Agreed". Meaning you pay either minimum payment, Payment in Full, or anything in between. 

If you manage that, Chase or any other companies would be happier to offer you higher limit cards of your choice down the line. 

Now if you pay 100% before statement even cuts (many here do is what I was told), then higher utilization won't even matter!!!