Jump to content


For maximum CS boost - balance transfer and then payoff?

Recommended Posts

My score has dipped recently to high 600s due to high utilization. I have one card left to pay off. I have the money to pay off the card but I need to apply for an apt soon and am looking for a mighty increase. Wondering if it makes sense to do a balance transfer onto a new card and then pay off the new card?


I wasn't sure which category to post this so apologies if I'm running afoul of the guidelines. Thank you in advance for any input.

Share this post

Link to post
Share on other sites

Getting a new card for BT and paying off immediately will do nothing for your score. In fact, a new CC may temporarily lower your score. Just make sure all CC's report a $0 balance on the statement, except for ONE card, leave a ~$10 balance.


Share this post

Link to post
Share on other sites

Many management companies are not looking for a specific three-digit number.  They are looking to ensure there are no evictions or other apartment-related defaults. 


As noted, a new card, even with a good BT offer, may see the score decrease in the immediate window of time.  Since funds appear to exist, just pay the lion's share of the balance on the remaining account with a balance. 

Share this post

Link to post
Share on other sites

+1 to all of the above.  Repayment of the card, alone, will get you the max score boost.  The high balance history will not depress your score.

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Today's Birthdays

    1. spigot
      Age: 29
    2. tess41
      Age: 46
  • Member Statistics

    • Total Members
    • Most Online

    Newest Member

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.

Important Information