Originally Posted by
tjh8402
...., my credit utilization according to Chase’s credit monitoring program is 3%. All statement balances are paid in full on time.
Two observations:
1. The service that Chase provides to cardholders is apparently not the one they use to evaluate applications. Don't attach any special significance to it.
2. Paying on time is irrelevant to calculating Utilization. Utilization is basically the total of all
reported balances divided by the sum of all credit limits. If you reduced your aggregate limits (from all issuers) by half, your Utilization should change from 3% to 6%, and that's unlikely to affect approval.