Followup question:

Is the debt-to-limit ratio calculated across all cards, or individually per card?

For instance, I have a high interest card that I'm trying to pay down, partially by opening two new low-interest cards and transferring the balance. So now I have $2000-, $1500-, and $1000-limit low-interest cards that are nearly maxed, and a $10000-limit high-interest card with $6000 on it.

So my debt-to-limit ratio across all cards is 9500/14500, or 65%, but individually it's more like 95%/95%/95%/60%.

My wife and I could transfer about $2000 of this to one of her cards that's nearly paid off. Would it make any difference if I applied this strategically to the lower-limit cards to get them each below 50% of their individual limits?

That is, does it make any difference if the cards post-transfer were at 50%/50%/50%/60%, or do they only look at the totals for a new overall ratio of 58%?

Thanks!


Bryan Lovely