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@Anonymous wrote:
I’ve also maxed out a Discover/Capital One account and have had my UTI on my amex bounce between 70%-95% UTI for the last 8 months straight and never had a problem.
Well, with this new piece of information, it's hard to say. Potentially, if they were to AA, they may CLD, but that's just speculation since we have no idea what their algorithms will do based on the maxed conditions of your other accounts and how often they SP your CRs. Keep in mind that the moniker of "never had a problem" can eventually translate to an unexpected adverse action.
So, for now, all you can do is monitor the situation and see how the cards fall. But, I would certainly look into reducing those balances as soon as practical to avoid any potential issues.
A few years ago I carried a 80% balance on my Amazon Synch account for 3 or 4 months. I believe the fourth month began the balance chasing. It wasn't the end of the world. My limit is now 3 times what it was before the balance chasing began. Just pay those balances down. Zero out the Synchrony accounts and they will rebound.
When it is their money at stake, they don't wait on your reports to update. You just have to pay on time. If you can't, call them. Always better to call them first than wait on them to call you.
@Anonymous wrote:
I’ve also maxed out a Discover/Capital One account and have had my UTI on my amex bounce between 70%-95% UTI for the last 8 months straight and never had a problem.
Are you saying that every month you have the only 4 cards in your wallet reporting between 70-95% UT? If yes, this is not a good look to any lender.
Also, are you running the cards back up as soon as payment post? That may be a reason CL is not restored immediately. Just a guess.
As everyone else has suggested, I think it would be a good idea to pay your balances down to <28.9%.
My suggestions are to get in the habit of:
*not having a balance on all your cards
*having only one card reporting <8.9%
*try having remaining cards report $0
GL2U
Available credit and credit limit are two different things. As you stated, your available credit did not update immediately.
Last summer I maxed out my Propel card. My CL at the time was $12K. My balance was 11,600. I paid in full. My CL stayed the same. My balance updated fairly quickly. My available credit did not. It sat at about $1,200 for two weeks (10% of my CL).
My guess is that Wells Fargo wanted to be sure my payment cleared. It can take up to two weeks because a stop payment can be applied for up to two weeks. Once a stop payment was no longer a possibility, my entire line was restored for use.