Maxing out credit cards.

[AwwwYeee]

I understand your score significantly drops when you max out a card. But how many points go up when you pay in full? Only asking cause I want to apply for a new card after I PIF two of my maxed cards after the statement hits. 

[GlocksAndCredit]

Are you saying you "want" to max out your cards for the sole reason of your score raising more after you pay them off?? 

If so - that's isn't how it works.....

[AwwwYeee]

I actually completely maxed out two cards last month and my score dropped like 25 points. But I'm planning on paying both off in full this month. Will I just get back those 25 points? 

[ksantangelo23]

Yes, score changes based on utilization carry no history, it adjusts accordingly month to month.

[destine2grow]

What the OP is saying is that he currently has 2 cc max and would like to know if he/she PIF before he apps for a new cc how would this affect his scores.

OP if those are the only cc you have I would recommend PIF 1 cc and paying all but 9% of the other cc before the statement close. That way when the statement close it will show a small balance (this will better impact your score). You can pay the small balance in full by the due date.

[GlocksAndCredit]

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@ksantangelo23 wrote:

Yes, score changes based on utilization carry no history, it adjusts accordingly month to month.

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+1

[SevenNEW]

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@destine2grow wrote:
What the OP is saying is that he currently has 2 cc max and would like to know if he/she PIF before he apps for a new cc how would this affect his scores.

OP if those are the only cc you have I would recommend PIF 1 cc and paying all but 9% of the other cc before the statement close. That way when the statement close it will show a small balance (this will better impact your score). You can pay the small balance in full by the due date.

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+1. It doesn't need to be exactly 9%--anything between 1 and 9% will do.

Edited: typo!

[AwwwYeee]

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@destine2grow wrote:
What the OP is saying is that he currently has 2 cc max and would like to know if he/she PIF before he apps for a new cc how would this affect his scores.

OP if those are the only cc you have I would recommend PIF 1 cc and paying all but 9% of the other cc before the statement close. That way when the statement close it will show a small balance (this will better impact your score). You can pay the small balance in full by the due date.

Thanks for clarifying haha. I have 4 cards all have balances but I would like to PIF the maxed out ones. My utl should be 25% after I pay those maxed out cards

[ChargeItPlease]

Paying down your balances to get your overall utilization to under 10 percent and only one balance reporting will almost certainly give you the greatest score bump.

If you can't do that, then paying off your maxed out cards is better than nothing and will give you some score increase.

[Closingracer99]

Based off my Experience I maxed out my discover card since I was planning to carry a balance and unfortunately I forgot when my statement cuts and bought the product right before so it posted a Maxed out card. Shot down my TU from 710 to 650 for the month and finally clawed back up to 725 this month. Everybody will be different but that is what happened to me