10-17-2012 12:34 PM
Mine is really high because I have a BOA Visa Signature card which has no credit limit. They report n/a under credit limit on my credit report. So, my total available credit limit is only a sum of my other two cards. I've contacted BOA and they say that is their standard reporting information similar to a generic AMEX card. How do you guys handle this? My utilization seems high when in reality it isn't. Thanks.
10-17-2012 01:20 PM
Keep asking, all cards have a limit. otherwise I assume either the standard $500-1000 is your credit limit. They say don't utilize more than 9%.
10-17-2012 05:55 PM
Cards without hard limits are generally categorized into another category. Where are you getting your scores? FAKOs don't factor the same as FICO.
10-17-2012 07:40 PM
You're right BOA said it was 5k but very loose. I can go way over w/o an issue. And I'm very embarrased to say I got my credit Utilization score from Credit Karma. Yes, I'm now a cheapskate.
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.