New Member
Posts: 10
Registered: ‎11-03-2013

Re: Optimal Credit Card Utilization Ratio?

Hey All,


Just providing a quick update. I subscribed for a 3-month membership for my FICO scores and Score watch. Turns out that I have average but not great credit with a score of 690. I'm hoping to get that figure up to 700+ when i pay down my BofA rewards card at the end of this month, or at least get my card utilization ratio to 9% for each of my cards. I'm also heavily considering getting a car loan with my credit union. It would be a $9,000 loan if I choose to take it out.


I'll find out more about my options this weekend.

Current FICO Scores: EX: 691 EQ 690 TU 649
Goal Score: 720 Across the Board
Current Credit Cards:
BofA Cash Rewards $403.45/$900 (paying off $300 per month) 21.99% APR
GE Capital: 126.96/$500 0% Intro APR
Frequent Contributor
Posts: 343
Registered: ‎06-25-2013

Re: Optimal Credit Card Utilization Ratio?

it will be different for everyone, but 1-9% on only one card is ideal

If a man empties his purse into his head, no one can take it from him. An investment in knowledge always pays the best interest. - Benjamin Franklin
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