Credit Utilization

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Credit Utilization

Postby agp » Thu Nov 29, 2012 12:03 pm

We all know high credit utilization percentage hurts your credit score, but is credit utilization calculated per card, per bureau, or across all cards and all bureaus?

In other words, which is worse - charging $10K on one card, or charging $10K across all credit cards?

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Postby DavidNY » Thu Nov 29, 2012 1:26 pm

As I understand it the utilization methodology is per card as well as across all cards.

If your card does not report the high limit and will allow the charge, charging $10k wouldn't negatively impact your credit aside from the DTI ratio. It might not be wise to charge $10k on a card with a $12k limit if you expect someone to be looking at your credit report soon.

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Postby MemberSince99 » Thu Nov 29, 2012 2:43 pm


Ok now that I've gone all FICO.....let's talk about the garden!

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