- Centurion Member
- Posts: 1157
- Joined: Sun Jan 26, 2014 3:55 am
- Location: US
Your odds of approval will depend on your overall credit profile. What other accounts do you have reporting? How long of a history do you have, and how old are your individual accounts? Do you have any late payments reporting? Is that 13.5% your overall utilization across both cards (your $2,000 limit is relatively low, so you could only have $1,500 outstanding on it but it would have a very high utilization, which still looks bad)? Approval odds will vary greatly given different answers to these questions.
Is that 715-720 credit score a FICO score? If so, then just based on that I would say your chances of approval are pretty good. But again, if those two credit cards are the only things reporting on you and you've only had them for a year, your chance of approval becomes more iffy. 13.5% utilization is pretty good, and generally speaking lowing that factor alone probably wouldn't improve your chances by too much just because there are a lot of factors at play.
Are your statement cutoffs coming up soon? If so, I'd say pay off the cards before the statements cut and you'll likely get $0 reporting for the accounts. It will help you, but probably not make or break you.
EX - 809 (11/16) | TU - 803 (11/16)
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now