This may seem like a stupid question but is it better to have a relatively large highest balance for a credit card on your CR or a low one.
I assume you're referring to the high balance and not actual credit limit. If so, then I'd say it probably wouldn't matter either way. Example: Credit limit is $5000. High balance $3800 Current balance $1400. Well all this would mean is this particular consumer charged up to almost 80% on their card, and has had the means to pay it down to approx 30%. While the high bal. may have been utilizing a large chunk of their credit line, they're no longer that that point, so it shouldn't matter. Example: Credit limit is $5000. High balance $1500. Current balance is $900. Now all this would mean is this consumer has never gone over 30% utilization on his/her card (which looks good all around, I guess) and keeps the actual balance below 20% utilized.
If a "NEW" credit card company is going to offer you say...$10,000 credit limit...but you have NEVER gone over $500 on ANY card...IT WOULD "LOOK" BAD...(since they are trying to get ALL of your business)...
