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New Contributor

## 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.
Message 1 of 4
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Super Contributor

## 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

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 2 of 4
New Contributor

## 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.
Message 3 of 4
Super Contributor

BluJay wrote:

Thank you