FlyerTalk Forums - View Single Post - Chase closed my credit card account(s) [Archived 2013-mid 2019]
Old Jun 13, 2018, 12:15 pm
  #2065  
joe_miami
Suspended
 
Join Date: Oct 2017
Location: Miami, Florida
Programs: AA ExPlat, Hyatt Globalist, IHG Spire, Hilton Gold
Posts: 4,009
Originally Posted by RNE
... and a vague "Below 20%" could be 19.9% (not good). Both conditions could prompt a review, particularly the latter. While, yes, credit card issuers like people who carry a balance, they don't like overextended borrowers. A ratio near 20% is pretty extended.

RNE, opining that good people with the best of intentions can nevertheless get into a fix and be unable to pay their bills. Banks still remember all the 2008 bankruptcies by people who had stellar credit scores.
There's no way that 20% utilization is considered "pretty extended" by banks unless the person has at least double or triple their income in available credit.
joe_miami is offline