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So let I generally let 1-2 cards report around 5-6% utility. Total CL $118,200. I was away for a few days and a 3rd card reported $7.77 (ebay purchase). Took a 6 point hit. Nothing to apply for this month so no big deal, but find it funny that $7 bucks on over 115k CL can drop it that much.
Its the number of cards part not the util of the credit line that is most likely causing the drop.
Gdale is right. But there is something interesting here, and that is that you have a very large number of total open cards. A number of us have guessed that if the total percentage of your open cards (that are showing a balance is low) is low, then they will be treated as if they were just one card for FICO impact
The "breakpoint" percentage I have heard conjectured is 25%. You look at the total number of cards reporting a balance, and then divide that by the total number of open cards. If that % is less than 25%, then it's the same thing as having 1.
Example:
Somebody has 13 open cards. 3 are reporting a balance. 3/13 = 23%. Which is < 25%. Thus those first three cards are the same as somebody with 5 open cards and exactly 1 showing a balance.
Of course, the exact threshold (25%) is conjecture as is the general idea itself. But it has some weight given that people with large numbers of cards often have no impact when 1, 2, or 3 or even four cards report a balance, whereas people with 5 or fewer cards get an immediate impact going from 1 to 2.
Question for the OP:
How many open credit cards do you have? It looks like it is at least 16. 3/16 < 20% so I am mildly surprised that 3 caused you to take even a small hit.