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Portland1414

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If one of my cards is maxed out will that negatively impact my chance Being approved on anothr card?

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Top Contributor
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Depends...

A conservative lender might regard applying for another card with one card already maxed out as a sign of financial stress - "Robbing Peter to pay Paul" - but an aggressive lender might see it as an opportunity to transfer your balances to their institution at a high interest rate.

 Your payment history and total debt service (minimum payments due) + rent as a percentage of your monthly income will most likely be the determining factors.  The higher the percentage, the less likely a new lender will be to take you on.

Most landlords would prefer not to rent apartments to anyone whose rent would exceed 30% of their monthly income but a more desperate landlord might accept a tenant at 50% or more.  Same principle.

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