Posts: 94
Registered: ‎01-14-2013

75% vs 90%

I recently got two new cards with 0% intrest for 14 months--thinking about maxing them out and use the money for a retirement issue.  What is the damage and what is the TRUE  threshold 75 or 90?  Have 80k in credit with 1% util---this would put me at 19% util if i maxed them both out--txs!

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current scores: TU 761 Equifax 773Exp 742
Posts: 22,406
Registered: ‎01-17-2008

Re: 75% vs 90%

Each card is scored for utilization as well as overall utilization.  So by maxing them out you will get dinged for that even though your overall will still be ok.



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