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curious555

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higher balance on 2 cards or spread out among 3?
in terms of a credit score, which option is better?

option 1:
credit card 1 utilization at 85%
credit card 2 utilization at 85%

option 2:
credit card 1 utilization at 50%
credit card 2 utilization at 50%
credit card 3 utilization at 50%

I have 2 other cards that are paid off in full every month, and the balances noted above would all be on 0% APR offers during the period to pay them off

I am mainly questioning if its worth moving to option 2 to raise my credit score to get me a better car loan. that could be worth the few hundred dollar transfer fee

overall utilization is around 25%, which wouldnt change

thanks!

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Option 2 is better.  in the credit world 75% utl is really 100% so try to never get that high.  Try to stay under 50%, when underwriters are looking at your credit report when you go car shopping they want to make sure that you are not maxed out on any of your cards.

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thanks!  is it better in terms of lenders looking at you overall, or does it also help your credit score?

right now I have a 732 score from Credit Karma and a 779 score from Credit Check Total, so overall in good shape.  just trying to decide if transfering some balances makes sense vs the transfer fees i would pay

thanks again!

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