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BluJay
Posts: 51
Registered: ‎02-27-2013
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Credit Utilization Minimum Question

If I have a $1000 credit card and charge $1.00 to it. Therefore; 1.00/1000 =.001% (1/10 of a Percent) credit utilization. When a $10 charge would equal exactly .01% (1 Percent) credit utilization. Would the $1.00 charge still be as sufficient of a credit utilization as the $10 charge? Or is the $1.00 charge not enough to count towards proper credit utilization on a $1000 credit card. Thank you

Tier One; 760-850. Tier Two: 700-759. Tier Three: 660-699. Tier Four: 620-659. Tier Five: 580-619. Tier Six: 500-579.
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myjourney
Posts: 25,426
Registered: ‎02-07-2013
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Re: Credit Utilization Minimum Question


BluJay wrote:

If I have a $1000 credit card and charge $1.00 to it. Therefore; 1.00/1000 =.001% (1/10 of a Percent) credit utilization. When a $10 charge would equal exactly .01% (1 Percent) credit utilization. Would the $1.00 charge still be as sufficient of a credit utilization as the $10 charge? Or is the $1.00 charge not enough to count towards proper credit utilization on a $1000 credit card. Thank you


You working my math tonight Lol

But yes same for reporting purposes

"Intelligence plus character--that is the goal of true education"
Cap1 EO link below
http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
Last 5 apps 6/6/13
New Contributor
BluJay
Posts: 51
Registered: ‎02-27-2013
0

Re: Credit Utilization Minimum Question

Thank you

Tier One; 760-850. Tier Two: 700-759. Tier Three: 660-699. Tier Four: 620-659. Tier Five: 580-619. Tier Six: 500-579.
Community Leader
Senior Contributor
myjourney
Posts: 25,426
Registered: ‎02-07-2013
0

Re: Credit Utilization Minimum Question


BluJay wrote:

Thank you


Glad to help

"Intelligence plus character--that is the goal of true education"
Cap1 EO link below
http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
Last 5 apps 6/6/13

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