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What is considered "maxxed out"?

Mega Contributor

What is considered "maxxed out"?

My CU card has a rather hefty balance from 2 BT's and my truck upgrades, 5.4/9K. I know this isn't good and i'm paying a good portion of it off within the next 2 months but what % is considered to be maxxed out? I never wanna cross that threshold!




EQ FICO 548 3/3/16
Message 1 of 23
22 REPLIES
Established Contributor

Re: What is considered "maxxed out"?

I believe that 90% uti is considered maxed out.


Starting Score: EX: 575 (PSECU 5/2/12) TU: 582 (3/6/12) EQ: 664 (4/27/12)
Current Score: EX: 699 (PSECU 06/04/14) 702 (my FICO 08/05/14) TU: 699 (08/01/14) EQ: 675 (07/08/14)
Goal Score: 720
20K PSECU 7/12 | 12K USAA 9/12 | 11K BOA 1-2-3 9/12 | 9K Citi HHonors 9/12 | 8.5K Citi AAdvantage 5/08 | 5K Chase Sapphire Pref. 9/12 | 3.8K Barclays USAir 7/12 | 6K Walmart Dis. 11/12 | 1K Amex SPG 11/12 | 2K Amex BCP 1/13
Message 2 of 23
Moderator Emeritus

Re: What is considered "maxxed out"?

According to credit secure by amex (yes I know this is not fico info) a card is maxxed when you spend 90% of its available limit.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



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Message 3 of 23
Established Contributor

Re: What is considered "maxxed out"?

Yep, > 90%

AMEX SPG $30K | Citi TY Premier $20k | PenFed PlatRewards $25k | Barclay Arrival+ 40k | Chase Freedom $20k | BofA AMEX $15k | Discover IT $20k | | NASA Platinum-Advantage $20k | CapOne Quicksilver $15k | Amazon Card $10k |

My Journey from Sub-600s:
Message 4 of 23
Mega Contributor

Re: What is considered "maxxed out"?


webhopper wrote:
According to credit secure by amex (yes I know this is not fico info) a card is maxxed when you spend 90% of its available limit.

I was surprised to see my EQ FICO not take a hit for a balance increase from this card, kinda getting spooked others will see it and throw some penalty flags Smiley Very Happy

 




EQ FICO 548 3/3/16
Message 5 of 23
Super Contributor

Re: What is considered "maxxed out"?

To me, I consider 90% of available credit "maxed out" as opposed to just a single card.

 

I don't consider credit maxed out if you had $50k in available credit, but charged $800 on a $1,000 CL card.

Message 6 of 23
Established Contributor

Re: What is considered "maxxed out"?

^Although if you have $50k in available credit, what are you doing with a $1k limit?

AMEX SPG $30K | Citi TY Premier $20k | PenFed PlatRewards $25k | Barclay Arrival+ 40k | Chase Freedom $20k | BofA AMEX $15k | Discover IT $20k | | NASA Platinum-Advantage $20k | CapOne Quicksilver $15k | Amazon Card $10k |

My Journey from Sub-600s:
Message 7 of 23
Established Contributor

Re: What is considered "maxxed out"?


Open123 wrote:

To me, I consider 90% of available credit "maxed out" as opposed to just a single card.

 

I don't consider credit maxed out if you had $50k in available credit, but charged $800 on a $1,000 CL card.



That would only be 80% Smiley Tongue

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Message 8 of 23
Highlighted
Super Contributor

Re: What is considered "maxxed out"?


Jlu wrote:

^Although if you have $50k in available credit, what are you doing with a $1k limit?


I liked to use my BBRZ to attain premier silver status with general spending?  LOL

Message 9 of 23
Mega Contributor

Re: What is considered "maxxed out"?


Jlu wrote:

^Although if you have $50k in available credit, what are you doing with a $1k limit?


True..... Smiley Tongue

 




EQ FICO 548 3/3/16
Message 10 of 23