Credit Card Forum
  1. #1
    Green Member
    Join Date
    Nov 2012
    Location
    San Francisco, California
    Posts
    1

    Default Keeping balance over 50% of credit limit is hurting my score

    My banker pointed out that one thing that depressing my credit score is that I routinely
    carry a balance on my cards over 50%. I'd like to get my limits raised.

    Any advice? My credit score hovers somewhere between 695 and 715.

    Thanks,

    -p
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  2. #2
    Centurion Member
    Join Date
    Jul 2012
    Location
    Hawaii
    Posts
    393

    Default

    Obviously what makes sense to you is to just have them raise your limits right? No they wont do that....you have to pay them down. If they raise your limits, they will just think you will go up to 50% of that and owe even more.
    American Express Platinum
    Chase Sapphire Preferred
    Hawaiian Airlines BOH MC
    USAA Amex
    Capital One Visa Platinum
    Citi Diamond Preferred MC
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  3. #3
    Platinum Member
    Join Date
    Sep 2012
    Location
    Fort Dix, NJ
    Posts
    80

    Default

    Agreed. Pay down your balances first. I'd even go as far to say, keep your balances down for a few months to show that you're not trigger happy then go for the CLI.
    Revolvers
    Credit Union MC 3/2004 ($6K)
    Capital One Platinum 3/2005 ($500)
    Dell Financial Services CC 2/2007 ($2.5K)
    USAA Cash Rewards World MC 10/2011 ($9.5K)
    AMEX BCE 01/2013 ($10K)

    Chargers
    AMEX Gold 1/2011(NPSL)

    EXP 721 (01/02/2013) Amex
    EQU 695 (01/10/2013) PenFed
    TU 705 (01/22/2013) MyFico

    "Please don't thank me for serving, I want to thank you for letting me serve on your behalf"
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  4. Centurion Member
    Join Date
    Dec 2011
    Location
    Texas
    Posts
    140

    Default

    Try to keep utility to 30% or less. 0% is preferred but not realistic for most people. Time and patience will get you many future CLIs.
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