question about key factors determined cs

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bisbicos
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question about key factors determined cs

Postby bisbicos » Thu Mar 01, 2012 9:44 pm

So I got a letter from chase and one of my key factors that adversely affected my credit score was "credit card balances grew too fast compared to credit limit/time on file"

Can someone help me here with what this means. My credit score is 724 btw
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink


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PlatinumAMEX94
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Postby PlatinumAMEX94 » Fri Mar 02, 2012 4:04 am

bisbicos wrote:So I got a letter from chase and one of my key factors that adversely affected my credit score was "credit card balances grew too fast compared to credit limit/time on file"

Can someone help me here with what this means. My credit score is 724 btw


It means for whatever reason, you maxed out your card(s) within too short of a period of having credit.
American Express Platinum Personal, Member since 94
Chase United Explorer - Visa Signature
Chase Sapphire Preferred
American Express Business Simply Cash

American Express Costco Business, American Express Platinum Business
Bank of America 10k, Capital One Venture World MasterCard 7.5k, Fidelity Visa Signature 10k
Citibank ThankYou Premier World MasterCard - Card Member since 91, 25k
Discover 10k Member since 91, Wells Fargo Personal & Business Visa Signature
USAA World MasterCard 12k, Chase Slate Exclusives Visa 5k

Lifelock member, USAA credit monitoring, Security Freezes E/E/TU, 800+

randeman
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Postby randeman » Sat Mar 03, 2012 9:58 am

Ouch! Bet that scared the he11 out of anyone looking at your credit report! :rolleyes:
Cards and Credit lines Acquired:

Escape by Discover (7.75K), Barclay Holland America Visa (7K), Macy's store card (7K), Bloomingdale's store card (2.6K), Citi Custom Credit Line (3.5K), PayPal Smart Connect credit line (2.7K), Chase Freedom Visa (5K), Chase United MileagePlus Visa (5K), Chase Sapphire Preferred Visa (6K), Amazon store card (2.2K), Lord & Taylor store card (550), Nordstrom store card (1500), Gold Delta SkyMiles from American Express (3K), Discover It (6.5K), PayPal Credit Line (1K).



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