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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

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!




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Established Contributor
rtw
Posts: 797
Registered: ‎05-01-2012

Re: What is considered "maxxed out"?

I believe that 90% uti is considered maxed out.


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webhopper
Posts: 7,230
Registered: ‎09-16-2011

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.

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Established Contributor
Jlu
Posts: 569
Registered: ‎06-12-2012

Re: What is considered "maxxed out"?

Yep, > 90%

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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

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 :smileyvery-happy:

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Senior Contributor
Open123
Posts: 3,972
Registered: ‎02-23-2011

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.

Established Contributor
Jlu
Posts: 569
Registered: ‎06-12-2012

Re: What is considered "maxxed out"?

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

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Established Contributor
flowfaster
Posts: 787
Registered: ‎08-30-2011

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% :smileytongue:

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Senior Contributor
Open123
Posts: 3,972
Registered: ‎02-23-2011

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

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

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..... :smileytongue:

 




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