Credit utilization question

Anonymous · ‎08-17-2016

I always keep my utilization under 9% but are there more score increases given if it's under a certain threshold? For example, will I get more if it's at 5% or 2%? Thanks in advance

Mattopotamus · ‎08-17-2016

I think everyone is going to be a litte different, but my sweet spot and what keeps me over 800 is having a 1-3% utilization. That is with around 130,000 available credit, so letting a balance of $3900 be the highest to post.

SMikulski49 · ‎08-17-2016

@Mattopotamus wrote:
I think everyone is going to be a litte different, but my sweet spot and what keeps me over 800 is having a 1-3% utilization. That is with around 130,000 available credit, so letting a balance of $3900 be the highest to post.

I follow what Mattopotamus wrote! 1-3% is the sweet spot to maximise my score, typically I don't pay too much attention to it if I know I am not applying for a loan/card or anything else in the near future, but thats the range I usually stay in.

NRB525 · ‎08-17-2016

OP what are your scores now?

Any negatives?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

Anonymous · ‎08-17-2016

I'm at 730ish across all 3 with 0 negatives.

newhis · ‎08-17-2016

Sometime ago I read that someone that after many experiments less than 6% was the highest score.

I think there are many variables to put an exact value.