How is credit utilization calculated with charge cards?

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agp
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How is credit utilization calculated with charge cards?

Postby agp » Wed May 30, 2012 7:32 am

Suppose my only card is an Amex charge card, how is my percent credit utilization calculated?

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred


Crashem
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Postby Crashem » Wed May 30, 2012 8:00 am

With most fico scoring model, it is not included. When it is used, the recent high balance is used as credit limit.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

FutureBillionaire
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Postby FutureBillionaire » Wed May 30, 2012 12:12 pm

My amex charge card didn't impact my utilization. I'm going to use this card more often since I can leave a partial balance on there until the pay by date. My amex gets alot more use now that I have figured this out. I'm a big fan. Their customer service is top notch too.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape



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