Credit Card Utilisation Ratio

WeeMann

I've spent a few years using 0% balance transfer cards to slowly reduce debt I had built up during my first couple of years in self employment.

All things being equal I should get everything cleared by the end of the year but I'm now starting to think about my utilisation ratio.

In May I'll be down to a balance on one card which will equate to a utilisation ratio of about 90% on that card, with my overall ratio over all my cards of less than 20%.

I will then have the option of transferring a proportion of this balance to another card for the last 5 or 6 months before it's paid off, thus having two cards with a ratio of around 35% on each.

Ignoring the fee for transferring, and knowing that my monthly outgoings will remain the same whichever way I choose, is there any benefit in spreading the debt for these last few months, or is it not worth the effort involved at this stage?

[Deleted User]

Ignore the utilisation for a BT card on a promotional rate, it is absolutely not worth paying a BT fee just to change the utilisation numbers - lenders look at total debt and available credit as much as anything else

WeeMann

Thanks for that, I'll leave it as it is.