40pt drop in score with credit card purchase

[Wckd79]

In a matter of 2 weeks my fico score went up from 707 to 722 then down to 687. The only alert I got was for a increase in a Macy's card balance. Which was paid off on time. No late fees or payments. I don't get it. Why did I get hit with a 40pt hit?

[Simply827]

It sounds like you didn't pay your Macy's bill before the statement came out. Therefore the account reported with a high balance and you lost points for utilization.

[Wckd79]

Oh shoot. Ok, that makes sense. But you think that's worth a 40pt drop?

[cabronsaim]

That depends in how much of your total Util are you using on all of your CC's , and yes, its very possible.

[Shogun]

You can see some significant changes due to util changes.