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Contributor
Posts: 95
Registered: ‎01-14-2013
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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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Posts: 22,406
Registered: ‎01-17-2008
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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.

 

90%

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