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I do not want to be the bearer of bad tidings but don't think that BoA will reduce your interest rate for hitting 90% utilization. At 90% utilization (and $45k worth of debt), they know that you can't conveniently move it anywhere, and have no incentive to reduce their rates to keep your business. I think they would start entertaining the notion of a rate reduction somewhere in the 50%-ish vicinity.

Interesting... not sure what is best to do here.

The rate has gone from 32% to 29% to 27.98% in 5 months. It was with MBNA. When I call BofA they give vague answers like "yes, decreasing your balance would help your chances at a lower rate and more promotional offers". I am not interested in the promotional offers - but, I was hopefull about the rate decrease.

I guess my question would be... would the chance for a rate decrease and getting another balance under 90% utilization (help credit score) be worth it given the interest rate difference of 29.99% (locked for Chase) vs. 27.98% for BofA ?

Here is another one for the number crunchers... at what Discover balance is the $75 fee worth it to BT for 5.99% till 1/2010 (assume the new balance will still be under 90% utlization). I was thinking at $8k I would BT just under $2k.

Disclaimer: just trying to throw any heavy deck chairs over-board that are preventing me from making a sharp turn to avoid an iceberg.

thanks
SD

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