Hypothetical utilization vs interest

[Anonymous]

So I let a friend borrow some money and I charged my prime card to where it is at 68% utilization. I have another card I can move the same amount of money to and it would only bring it to 26%. The catch is, I have no interest on the prime card but will with the other. Is the interest worth it to keep the lower utilization?

[AllZero]

Finances over FICO.

Are you applying for credit? If not, see above.

FICO scores are a snap shot in time. They will rebound once your utilization is under control.

[Anonymous]

Okay ill leave it be. I wont be applying for anything for a while, but I was a bit concerned over existing creditors is all

[AllZero]

It's good to be concerned and ask questions.

I think you'll be okay if you aren't maxed out 88.9% or above on the majority of your CCs and keeping balances months on end.

[Anonymous]

Oh okay yea im good then lol

[Remedios]

How "good" you are will depend on how long high utilization persists and how your other lenders respond to it.
A month or two are usually not an issue, especially if other cards are within more reasonable percentage.
I would not use 89% as guideline for anything, that's a disaster waiting to happen.
If you have other cards with high utilization, there is always a chance off AA, however small it may be.
The only other issue I see with this, is should you need to apply for something, a card with high utilization may result in denial and/or poor terms.
Hopefully you and your friend have a very clear plan on how fast this is getting paid down.

I dont think you have too much to worry about, but just putting a few things to keep in mind.

[SouthJamaica]

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@Anonymous wrote:

So I let a friend borrow some money and I charged my prime card to where it is at 68% utilization. I have another card I can move the same amount of money to and it would only bring it to 26%. The catch is, I have no interest on the prime card but will with the other. Is the interest worth it to keep the lower utilization?

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It's just a matter of personal priorities, so no one can answer that but you.