jtb268 wrote:That does seem a bit low. Make sure you are only spending 30% of your credit limit on each card, going over actually hurts your credit score. You also want to keep a balance on a card, and not pay it off completely. Having a revolving balance shows that you can be responsible and make payments.
I can tell you what I did to establish credit, maybe it will help:
I started establishing credit at 18, so only about 3-4 years now, and have a 780 credit score (So I guess 3-4 years is good history). I started with a $500CL Chase Student Card (now not available) used that for 6 months while spending under 30% and keeping a revolving balance every month; then asked for an increase and got $1000CL; I applied for a Freedom Chase card last year and got a $4000CL (love this card BTW); 6 months after that I applied for a retail card (my personal banker said I should, so that all my credit wasn't from the bank), and got a BestBuy credit card at $3600CL. Earlier this year I found out about the "Palladium Card" by Chase and got $$$ in my eyes lol so I called my personal banker for an application, applied, but I got denied... (Guess I wasn't up to their status for that card, right now) BUT today, I got approved for the Platinum AMEX card :P.
I don't have a car loan or any loans for that matter, and all the cards are solely in my name (not authorized user on parents). I think you should have up'ted me on that one, since having loan should help on the credit diversity angle. So I would say that your issue is probably paying in full every month. You might also want to pull your full credit report for all 3 bureaus if you haven't, maybe there is a discrepancy.
I find it hard to believe that translates to a true FICO of 780. Your accounts simply aren't (and couldn't be) old enough. The average
account age of someone with a 760+ FICO
score is 19 years, and the average
newest account is 2+ years. Lots of credit ratings websites like to hawk their score and offer their services to improve your score with them. At 21 your credit file is simply too thin to be a true 780.
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