Effect after a number of balance transfers, making some credit cards having big amounts to limits

[Lest]

I have recently gotten a few new cards that came with attractive balance transfer offers and bigger limits. I have transfered other cards onto them to save on interest and put it towards the repayment. I would save a good amount of money this way.

This shifted my credit history to have now a few credit cards almost maxed out and a long list of other cards with zero balance. Before the balances were spread out.

How would this affect me in the near future?

[dragontears]

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@Lest wrote:

I have recently gotten a few new cards that came with attractive balance transfer offers and bigger limits. I have transfered other cards onto them to save on interest and put it towards the repayment. I would save a good amount of money this way.

This shifted my credit history to have now a few credit cards almost maxed out and a long list of other cards with zero balance. Before the balances were spread out.

How would this affect me in the near future?

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You need to provide numbers for people to guess.

[HeavenOhio]

There could be temporary score changes as balances shift to their new homes. A balance could appear on both the donor and recipient cards simultaneously, or it could appear on neither card for a brief time.

Expect the higher utilization to hurt and fewer cards with positive balances to help. How that will shake out is anyone's guess. More details might help with that guess.

[PNWRambler]

In the long run, your score will probably go up with a larger overall credit limit, and a smaller overall utilization. And if you have fewer overall cards with a balance that will help as well. But if the old cards were each at a lower util % and the new BT cards are now a very high util % or even maxed out, then it's going to look worse. I belive maxed out is generally >88.90%

Specific numbers needed to really give a clear answer here.

[SouthJamaica]

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@Lest wrote:

I have recently gotten a few new cards that came with attractive balance transfer offers and bigger limits. I have transfered other cards onto them to save on interest and put it towards the repayment. I would save a good amount of money this way.

This shifted my credit history to have now a few credit cards almost maxed out and a long list of other cards with zero balance. Before the balances were spread out.

How would this affect me in the near future?

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It will hurt your scores in the near future.