Credit Card Center Advertiser Disclosure†
12-16-2012 11:49 AM
Between Christmas shopping and the special offer that Target had ($10. gift card when you spend $50.), my cards are getting some heavy use this month! I'll keep track of it but I'm not going to worry about it. I'll move funds around and have a plan to pay them down when the new statements arrive in January.
12-16-2012 12:00 PM
My util will be almost 70% on one card but I have managed to PIF2 of my store cards and the util on the other 2 will be 1% after all the CLI's and balances update this month. In January, I will pay down the high util card (too late for Dec it was the one card with an early cut-off) to its normal 2%.
I have a plan - kinda upset about that one card but it couldn't be helped.
12-16-2012 12:01 PM
what's your current util?
a few extra bucks is nothing to worry about.
as long as you have the funds too pay it off .
unless your 65%+ total i wouldnt think twice about it
util only really matters when your applying for new credit and you want too squeeze those extra points out.
|Current: Discover Fico 709 3/15 Walmart Fico 743 4/15|
Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Earn Cash Back
|Amex Zync(Unicorn) |
Citi DC $10,000
12-16-2012 12:05 PM
Same here I've already seen my first 5 point drop on EQ for the first balance reporting. Keeping it in perspective - a year ago at this time my utilitzation was at 34% with 3 of my 4 major CCs almost maxed out. I was in the middle of a 3 year debt payoff. I have since paid off everything except 1 card which I was able to BT to a 0% card at my CU.
As long as I don't pay any interest and don't max out my cards, I'm considering it a good holiday.
12-16-2012 12:19 PM
Yep, mine will be jumping, too. I had to make a large purchase on my CSP to meet the spend requirement (yes, it was planned), but the statement will cut and report before I get it paid. Oh well, it should return to normal when everything updates/reports in January. I'm not stressing about it, as I'm in a much better place financially than I was at this time last year.
12-16-2012 01:28 PM
I haven't run the numbers but I'd say my utilization probably jumped up by about 25%. I only had credit lines totaling $1800. the end of last year and now I'm up to $9350. the end of this year. A nice jump in a year. I'll pay those cards down in the next few months and be back to my normal 10-15%.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.