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credit score!

Regular Contributor

credit score!

Hi guys quick question, is it necessary to make your bal. <10% per card or the total limit?
Heart trying to reach 800! Heart
Gardening till 12/14 Smiley Tongue
Message 1 of 5
4 REPLIES
Valued Contributor

Re: credit score!

of course its not necessary.  You can do anything you want within your credit card limit.  You will get better scores at lower utilizations though.  less than 10% is a good target.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Message 2 of 5
Regular Contributor

Re: credit score!

Its just im not sure if its per card or the whole total limit. Cuz I got a card w/ 2500 limit but I use 602 , yhe rest is 0 bal. Amex: 4500, disc: 8750 cap1: 351 dillards: 1800 all is 0 except for the one card.
Heart trying to reach 800! Heart
Gardening till 12/14 Smiley Tongue
Message 3 of 5
Valued Contributor

Re: credit score!


newbiewife wrote:
Its just im not sure if its per card or the whole total limit. Cuz I got a card w/ 2500 limit but I use 602 , yhe rest is 0 bal. Amex: 4500, disc: 8750 cap1: 351 dillards: 1800 all is 0 except for the one card.

You are doing well with the utilization.  Generally, I mainly keep an eye on total utilization.  It is scored both total and per card though... so its possible you could gain a few more points by reducing that card balance.  If you have a mortgage or some other big purchase coming up, it wouldn't hurt to try it.

 

I currently am at 8.77% total util, but have one card that I am going to pay down further before it reports again because I think it will give me a few more points and I am planning on applying for something next month.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Message 4 of 5
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Regular Contributor

Re: credit score!

I will do that. Pay it further down so I can get few more points. Thanks for the advice! :-)
Heart trying to reach 800! Heart
Gardening till 12/14 Smiley Tongue
Message 5 of 5