Simple Question regarding APR

[Anonymous]

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@pipeguy wrote:

If it helps, I've run Discover up over 70% before with no AA.

A couple of years ago I had a cash flow issue while I was settling an estate, one where I had to carry/float all the expenses until the bulk of the estate sold (real estate) - I talked to DCU and explained that I'd need to basically max out the card for 3-4 months but said if that is going to be an issue, I have other accounts I can use. The answer was "your credit limit is there for you to use - all of it" and I did, probably 95%. 

I no longer do business with AmEx or Cap-1, but when I did neither cared about high utility.

I have 3 chase cards, I just use them for some auto payments like FIOS, Starbucks releads, etc and I always pay those three in full - never tested more than maybe 30% utility with Chase.

We've had a PenFed account for over 40 years, but today I don't use any of their products since I replaced them with DCU and NFCU.

Citi won't give me a branded card, but they will give me just about any co-branded card - I have no idea why. I've run my HD card up to maybe 50% no issues.

If I run 3 or 4 cards up over 50% my usual hit it maybe 40 points I'm currently at 752 754 and 774 with just under 20% utility.

Not sure this will ease your mind, but that's my experience.

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Thanks very much pipeguy. Your post does indeed ease my mind. Awesome! Really appreciate that you explained your experiences!!

[Shooting-For-800]

No, I do not think, they can not raise the APR if he is still in the 0% period and making all required payments on time.

No, I do not think, other card will shut him down as long as his balances are going down and he is making all payments to all vendors on time.

[Anonymous]

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@Shooting-For-800 wrote:

No, I do not think, they can not raise the APR if he is still in the 0% period and making all required payments on time.

No, I do not think, other card will shut him down as long as his balances are going down and he is making all payments to all vendors on time.

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Thank you!

[Anonymous]

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@Gollum wrote:

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@pipeguy wrote:

A couple of years ago I had a cash flow issue while I was settling an estate, one where I had to carry/float all the expenses until the bulk of the estate sold (real estate) - I talked to DCU and explained that I'd need to basically max out the card for 3-4 months but said if that is going to be an issue, I have other accounts I can use. The answer was "your credit limit is there for you to use - all of it" and I did, probably 95%.

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That's a pleasantly reassuring attitude. 

Edit: Just to be clear, I didn't intend any sarcasm.  Using "too much" of one's credit limit is a real concern.

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Using "to much" of ones credit limit is a real concern.

I asked to stick with the questions. You just couldn't help yourself, could you?

[Gollum]

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@Anonymous wrote:

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@Gollum wrote:

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@pipeguy wrote:

A couple of years ago I had a cash flow issue while I was settling an estate, one where I had to carry/float all the expenses until the bulk of the estate sold (real estate) - I talked to DCU and explained that I'd need to basically max out the card for 3-4 months but said if that is going to be an issue, I have other accounts I can use. The answer was "your credit limit is there for you to use - all of it" and I did, probably 95%.

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That's a pleasantly reassuring attitude. 

Edit: Just to be clear, I didn't intend any sarcasm.  Using "too much" of one's credit limit is a real concern.

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Using "to much" of ones credit limit is a real concern.

I asked to stick with the questions. You just couldn't help yourself, could you?

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If you found my post off topic, my apologies.  I tried to clarify that I didn't intend any negative connotations.  I just liked the attitude of the bank.

If you're keeping track, I noticed that your post to which I am replying is also off topic.

[K-in-Boston]

Cool it and keep all posts FSR. The original post is asking about AA due to high utilization. I don’t see how a comment about utilization is off topic. If you feel that a comment is going off-topic, flag it for review by a mod, don’t attack other posters.