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Balance transfer effect on utilization

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Hello. I was looking to transfer a balance from a high interest card to another one of my cards that is running a 0% promotion. 

 

My question is regarding any effect on utilization. The card with the promo has a lower limit than the other card. The transfer wouldn't max it out, but it would be about $5000 on an $8000 card versus a $25000 card. 

 

Is utlization measured across all accounts or does carrying a high balance on a single card have an impact?

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Utilization looks at card by card as well as overall percentage of credit in use to total limits...ratio of cards with a balance to overall number of cards also appears to be a factor. 

 

The score models do not know whether the balance is a result of organic spend or merely shifting of balances via the BT process.

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1 hour ago, centex said:

Utilization looks at card by card as well as overall percentage of credit in use to total limits...ratio of cards with a balance to overall number of cards also appears to be a factor. 

 

The score models do not know whether the balance is a result of organic spend or merely shifting of balances via the BT process.

Does this mean that my credit score won't be impacted, but a creditor might take notice or that perhaps the company I transfer the balance to might be less likely to give me an increase? 

 

I'm just curious of the actual effect this will have on me. What are the possible negative effects this could have?

 

Thank you. 

Edited by Hair By Paco

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a lot depends on your overall credit profile. if you have a thick, aged file with a lot of tradelines the impact will be less than if you have 2 or 3 tradelines.

 

in general, if the BT saves you money, don't fret about FICO until you are paid off and then only PIF from there on

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44 minutes ago, hegemony said:

in general, if the BT saves you bcmoney, don't fret about FICO until you are paid off and then only PIF from there on

That seems like sound advice. Thank you. 

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