- Centurion Member
- Posts: 1099
- Joined: Sun May 04, 2014 4:41 pm
- Location: Atlanta, GA
Jarrodpd wrote:From my understanding some credit scoring methods (i.e. Fico 04 and Fico 08) some will calculate it into your over all usage and some don't calculate it in. So depending on your combined limits on your other cards it may be wise to. For example, say you charged about $1k this month and your limits of all your other cards is only $2k, some scoring methods would consider this 50% utilisation so it may drop your score. But if you charge $1k and you combined limits is $10k thats only 10% utilisation so you would be fine.
Sounds about right to me. I don't think in the months that I had a charge card that any of it affected my utilization on my revolving TLs.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)