It occurred to me today (as I took advantage of a 15-month 0% card offer from an issuer with whom I'm already a customer) that my total credit limit (spread (disproportionately) among 7 issuers) now exceeds my salary. Which is nice from a utilization p.o.v. but, if you think about it, is kind of flying mammal guano absurd.
I'm being (very) careful, rotating the use of cards and paying in full before statements cut (but for one BT card, which I pay a respectful chunk every month, on track to have it paid off two months before the 0% offer expires). My reported util is under 22% on the BT card, and under 4% overall.
So ... are there any steps which I should take to minimize any risk so that issuers don't AA/CLD me when the absurdity (to me) of the situation is reported to the CRAs some time in the next month?
@expatCanuck wrote:It occurred to me today (as I took advantage of a 15-month 0% card offer from an issuer with whom I'm already a customer) that my total credit limit (spread (disproportionately) among 7 issuers) now exceeds my salary. Which is nice from a utilization p.o.v. but, if you think about it, is kind of flying marsupial guano absurd.
I'm being (very) careful, rotating the use of cards and paying in full before statements cut (but for one BT card, which I pay a respectful chunk every month, on track to have it paid off two months before the 0% offer expires). My reported util is under 22% on the BT card, and under 4% overall.
So ... are there any steps which I should take to minimize any risk so that issuers don't AA/CLD me when the absurdity (to me) of the situation is reported to the CRAs some time in the next month?
No, you're doing exactly what you should be doing. Keep up the good work.
