app with 27% utilization?

[SantaMar]

mortgage reporting for one year, never late.   4 credit cards dating back over 8.5 years.  never late on any credit card.  one baddy from a utility company (didnt close account properly when i moved...total BS but it was on my report)  that baddy was on my report when i got my newest card a couple months ago.  instand approval for 7k from citi.  i still get alot of offers with my utilization at 27%.  i just have a high balance on one card because of the intro rate was used for my honeymoon!!

i keep getting offers....not sure if i should start the summer with an app??

[Creditaddict]

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@SantaMar wrote:

mortgage reporting for one year, never late.   4 credit cards dating back over 8.5 years.  never late on any credit card.  one baddy from a utility company (didnt close account properly when i moved...total BS but it was on my report)  that baddy was on my report when i got my newest card a couple months ago.  instand approval for 7k from citi.  i still get alot of offers with my utilization at 27%.  i just have a high balance on one card because of the intro rate was used for my honeymoon!!

i keep getting offers....not sure if i should start the summer with an app??

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Who are the offers from?

What do you need?

util. is one of those things that we all know lower is better but rather one will have any issues with approvals, will get low subprime approvals vs. high limit approvals, etc. etc. is going to depend on WAY more than just that util. number.

I have seen Discover give instant approval with 98% util. over a half a dozen cards for almost the same limit that i have seen a high 700's credit score person get with lower util. but many recent apps. (I don't really get that)

oh don't forget BK!

it's a weird weird computer model that banks have created on what type of reports still look good when they have certain things compared to the exact same thing being considered terrible on a report that doesn't have the same type of baddie or same type of util.

[SantaMar]

offers are from chase and discover IT  i dont need anything specific but im using my credit more wisely now.  im paying all my utilities, bills, loans, insurances and mortgage direct from my checking account....my older CCs are dated and dont offer any special rewards programs.  i figure i am paying monthly for all of this now, at least let me try to get some rewards from this??  thats my logic...if i have to wait to get down my utilization i will

[Creditaddict]

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@SantaMar wrote:

offers are from chase and discover IT  i dont need anything specific but im using my credit more wisely now.  im paying all my utilities, bills, loans, insurances and mortgage direct from my checking account....my older CCs are dated and dont offer any special rewards programs.  i figure i am paying monthly for all of this now, at least let me try to get some rewards from this??  thats my logic...if i have to wait to get down my utilization i will

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Id say if you have offers BOTH ARE APPROVED.

I say go for it!

[enharu]

What kind of derog is it that you have on file? Late? Collection?

I think you will get approved, but its best to wait until you pay down the utilization. As the way it is you will be getting a lower CL that you potentially could get if your utilization was lower.