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> More cards = higher credit limit = lower utilization percentage when you carry a balance. Just want to mention that, at least some card companies report the
by jdmichal 10y ago
> More cards = higher credit limit = lower utilization percentage when you carry a balance.
Just want to mention that, at least some card companies report the current balance and not the carried balance. I have never carried a balance on my card, always pay in full every month, and my report still shows an amount for that card, which is basically whatever random amount I have on the card when they report.
- ams6110 10y agoSame. I recently had credit report pulled for a mortgage refinance, and although I pay all my credit card balances in full every month, it still showed several accounts with a "high balance relative to credit limit" or some such thing.
- seanp2k2 10y agoCall each of the CC companies and ask them if they can raise your limit.
- op00to 10y agoThe high transient balance really only affects your credit a few points if you have otherwise excellent credit. It starts to ding you more if you have delinquencies or really high balance to overall limit.