@Anonymous wrote:Would it be best to split a balance rather than transferring full amount on one card.? I wanted to eliminate multiple balances by transferring to one card. Should I transfer some of this amount to another card so I'm under 30% all around?
@K-in-Boston wrote:Usually the best option is do whatever helps the most financially. You are using 80% of your credit line on that card, so it's expected that you'll take a hit for high utilization on one card. How much that stings will differ depending on your credit file. Once you get that down under around 60% you should see a little gain back and it should be back to noprmal at around 29%. Completely normal.
Are the previous balances gone from your credit reports now? I do a lot of balance transfer shuffling, so depending on the time that I look at my reports I may have the same $15k or $20k showing on multiple cards even though once has been paid off. Also, are you looking at the true FICO 08 scores? Vantage 3.0 and the "educational scores" can completely freak out with minor changes to utilization while FICO isn't as affacted.
Edit: Oh yeah, I totally missed the "new" part of that. That's likely a big part of the drop.
If your best rate / lowest BT Fee is on the one card, then you are saving money vs all other options.
The FICO score is not relevant to anyone but you, until you apply for new credit.
Saving money on interest cost, or BT costs, vs paying higher interest rates on the same balance, puts money in your pocket, makes it easier to pay down those balances.
So don't worry about the FICO score if you are paying down the balances, with the intent to get closer to zero outstanding debt.
Do worry if you are growing debt 
