Util question...

[Jmc70]

I was just approved for a Jared card with a CL of $5100.  Will this factor into my overall utilization being that it is a store card and not a major cc (i.e. AMEX, MC, VISA)?

My current util is right around 33%- if this new Jared card counts it will drop me below 20% assuming I keep it really close to a zero balance.

Thanks!

[vish1]

Yes, it will be used in your util calculation. This is exactly like GEMB/JCP store cards.

[tpatterson2k9]

Yes, store cards factor into your overall util just like any other CC would.  The drop to 20% util is nice, but to see the best impact on your scores you would want your util below 9% overall.  Also, scores improve more if all but one CC has a balance of $0 with the remaining CC having a balance between 1 to 9% of the util.