Credit Card Forum
  1. #1
    agp
    agp is offline
    Centurion Member
    Join Date
    Apr 2012
    Location
    US&A
    Posts
    711

    Default Credit Utilization

    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?

    Main Card: Amex Platinum
    For gas: Penfed Platinum Cash Rewards
    For travel & dining: Chase Sapphire Preferred
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Centurion Member DavidNY's Avatar
    Join Date
    Jul 2011
    Location
    New York
    Posts
    1,341

    Default

    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Centurion Member MemberSince99's Avatar
    Join Date
    May 2012
    Location
    WI
    Posts
    3,689

    Default

    +1

    Ok now that I've gone all FICO.....let's talk about the garden!
    FICOS
    TU: 785 January 2014
    EQ: 772 January 2014
    EX: 773 January 2014
    TU08 (Barclay's) 794 January 2014

    Cards:
    Associated Bank Accelerated Rewards Signature Visa 21.5k (05/12)
    Chase Sapphire Preferred Signature Visa 5k (5/13)
    Amex Gold NPSL (5/13 - backdated to 5/99)
    Barclay's Arrival World MasterCard 10k (11/13)
    Citi Dividend Visa 6.3k (12/13)
    Chase Freedom Signature Visa 7k (1/14)
    Bank of America Travel Rewards Signature Visa 10k (2/14)
    Discover IT 4.5k (2/14)
    Amex Everyday Preferred 2k (3/14 - backdated to 3/99)

    Garden: Card carrying Garden Club member. Gardening until 2014!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

Advertising Disclosure: CreditCardForum is an independent, advertising-supported comparison service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are authorís alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.