- Centurion Member
- Posts: 188
- Joined: Tue Jan 10, 2012 7:11 pm
- Location: New York, NY
To answer the rest of your question, the general rule of thumb is for your utilization to be less than 10% of your total credit limits in order to maximize your FICO score. Assuming that is your goal. It's my understanding that, if you are applying for new credit, your maximum utilization should be no more than 30% of your available credit. YMMV (your mileage may vary) meaning that some creditors my overlook as much as, say, 50% utilization, but most creditors won't approve you for new credit if, say, you are within 85% of your credit limit(s). It's best overall to use your credit, but pay it off before your due date, and don't use anymore until your statement date, which is usually about five days after your due date.
Cards and Credit lines Acquired:
Escape by Discover (7.75K), Barclay Holland America Visa (7K), Macy's store card (7K), Bloomingdale's store card (2.6K), Citi Custom Credit Line (3.5K), PayPal Smart Connect credit line (2.7K), Chase Freedom Visa (5K), Chase United MileagePlus Visa (5K), Chase Sapphire Preferred Visa (6K), Amazon store card (2.2K), Lord & Taylor store card (550), Nordstrom store card (1500), Gold Delta SkyMiles from American Express (3K), Discover It (6.5K), PayPal Credit Line (1K).