Re: Too high util for chase

Anonymous · ‎11-27-2014

Hey all,
I'm getting an itchy app finger. Im ready to pull the trigger with chase, but I'm a little concerned about my util.
I have the following limits and balances report as of last month:
Amex green: 4339/NPSL
BoA cash rewards: $94/2500
Citi typ: 671/1000
Along with 2 $500 cap one cards, and a WF 1k card reporting zero.
Is this too high? I'm mostly concerned with the typ card. Im at like 13% util total not including the amex. Thoughts? Also, how would they treat the balance on the amex?

NRB525 · ‎11-27-2014

@Anonymous wrote:
Hey all,
I'm getting an itchy app finger. Im ready to pull the trigger with chase, but I'm a little concerned about my util.
I have the following limits and balances report as of last month:
Amex green: 4339/NPSL
BoA cash rewards: $94/2500
Citi typ: 671/1000
Along with 2 $500 cap one cards, and a WF 1k card reporting zero.
Is this too high? I'm mostly concerned with the typ card. Im at like 13% util total not including the amex. Thoughts? Also, how would they treat the balance on the amex?

That is a lot of good cards in a short time. Do you have to get Chase? Or should you spend a little time building a thicker file?

The utilization is probably not a problem, but I could imagine "short credit history" and "large number of recently opened accounts" as concerns.

Good luck!

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
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

Anonymous · ‎11-27-2014

@Anonymous wrote:
Hey all,
I'm getting an itchy app finger. Im ready to pull the trigger with chase, but I'm a little concerned about my util.
I have the following limits and balances report as of last month:
Amex green: 4339/NPSL
BoA cash rewards: $94/2500
Citi typ: 671/1000
Along with 2 $500 cap one cards, and a WF 1k card reporting zero.
Is this too high? I'm mostly concerned with the typ card. Im at like 13% util total not including the amex. Thoughts? Also, how would they treat the balance on the amex?

AMEX Charge balance is not counted into utilization.

I'd pay down that citi if it's reported yet. If not, then go for it.

Anonymous · ‎11-27-2014

@Anonymous wrote:
@Anonymous wrote:
Hey all,
I'm getting an itchy app finger. Im ready to pull the trigger with chase, but I'm a little concerned about my util.
I have the following limits and balances report as of last month:
Amex green: 4339/NPSL
BoA cash rewards: $94/2500
Citi typ: 671/1000
Along with 2 $500 cap one cards, and a WF 1k card reporting zero.
Is this too high? I'm mostly concerned with the typ card. Im at like 13% util total not including the amex. Thoughts? Also, how would they treat the balance on the amex?
AMEX Charge balance is not counted into utilization.

I'd pay down that citi if it's reported yet. If not, then go for it.

The current balance is 0 on the citi. the reported balance is above. they denied my request to report early. I made the payment like 10 minutes too late for it to be on this statement.

Alos, I've talked to someone in the EO who is willing to overlook my short history. Im just concerned that history combined with util is too much for her to overlook. so is this util okay?

chalupaman · ‎11-27-2014

@Anonymous wrote:
Hey all,
I'm getting an itchy app finger. Im ready to pull the trigger with chase, but I'm a little concerned about my util.
I have the following limits and balances report as of last month:
Amex green: 4339/NPSL
BoA cash rewards: $94/2500
Citi typ: 671/1000
Along with 2 $500 cap one cards, and a WF 1k card reporting zero.
Is this too high? I'm mostly concerned with the typ card. Im at like 13% util total not including the amex. Thoughts? Also, how would they treat the balance on the amex?

As long as it's not super high like 40%, you can try Chase if you want.

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down

Anonymous · ‎11-27-2014

@jjn, You will have to wait until they report again then.

Anonymous · ‎11-27-2014

@Anonymous wrote:
@jjn, You will have to wait until they report again then.

So you think its too high?

Anonymous · ‎11-27-2014

Yes.

takeshi74 · ‎11-27-2014

@Anonymous wrote:
Too high util for chase?

Can't answer that for you but lower is generally better. If you want the best odds then let it report. Your call. Is it more important to apply now or to have better odds?

As for the cahrge card, it does not factor into revolving utilization (except with older scoring models).

techiegirl · ‎11-27-2014

I was approved for Chase Freedom when I had 60% overall util. I also had a thick file and no lates. I'm strep that made a difference.

FICO: EQ - 809 TU- 808 EX - 797

Too high util for chase?

Too high util for chase?