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 689 7/14 Walmart Fico 697 8/14|
Inquiries (24 Months): EQ 6 TU 3 EX 4 | Most Recent: 09/04/2013
|Amex Zync(Unicorn) |
Citi Diamond Preferred$6000
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%.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO