Originally Posted by
sullim4
What is your total credit limit across all cards? Utilization? Any new recent accounts? Trying to tease out what they care about.
I have a similar profile, and was given a $30k limit by Wells. But this was a fresh application in May without any prior Evolve card. My utilization was 0 (I pay off before statements are cut) and my total credit was around $85k across 7 accounts before the Bilt card. 3x Chase, 2x AMEX, 1x BoA, 1x Barclays. I've never done business with Wells before.
I know that we all like to keep our credit scores up by paying ccs before the bill cuts, but please realize that in today's higher interest rate environment, you're giving up real money to keep that score high. You can easily get 5% annual interest for those 20 days or so of float you're giving up. On a $10,000 credit card bill, 20 days at 5% interest comes to about $27. Do that 12 times a year and that's $324. I'm not willing to pay $324 to keep my score a bit higher. Maybe on occasion I'd pay off a card before the statement cuts for a specific app, but now that interest rates are higher, I don't do this as standard practice like I used to.