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Score dropped 15 points for having a card with a $5 balance! CRAP!

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Funk-O-Meter
Contributor

Score dropped 15 points for having a card with a $5 balance! CRAP!

So I my reading I read that the credit gods like to see that your actually using your cards and it's not good to sock drawer them. So I decide I should charge a small thing on my Orchard/Chase card that hasn't been used in 6 months or so. I charge a $5 burrito and the card reports and my fico score drops 15 points because "you have to many accounts with balances." UUUHHHHHHGGGGG that's aggravating! I mean It'll disappear next month but I'm shopping for a car as soon as the other three bureaus show my recent balances and AMEX CLI and I didn't need a 15 point drop for something this freaking stupid!

 

Ok thanks for letting me vent.

Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: Score dropped 15 points for having a card with a $5 balance! CRAP!

Unfortunately, FICO scores can be pretty stupid sometimes.  I wouldn't worry about it too much if your credit is in overall good shape.  I've never concerned myself with accounts with balances or utilization for a credit card app.  It is bad timing that your shopping for a car soon, though I still don't think it will be too big an issue.

Message 2 of 6
calihlove75
Established Contributor

Re: Score dropped 15 points for having a card with a $5 balance! CRAP!

I received a EQ score increase of 12 points today and I do not know why. The only thing different was that a second account reported with a zero balance (previously it reported $1 last month. Makes me think I need two accounts at zero. Weird

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Message 3 of 6
Funk-O-Meter
Contributor

Re: Score dropped 15 points for having a card with a $5 balance! CRAP!

I guess you do. Maybe I'll try and only have two cards with balances.

Message 4 of 6
Roarmeister
Frequent Contributor

Re: Score dropped 15 points for having a card with a $5 balance! CRAP!

 
Starting Score: EQ 732 October 2007; Current Score: EQ 839; TU 865, July 2022;
Oldest Reporting EQ Account: 20.4 years; EQ AAoA: 9.9 years;
ACTUAL Oldest account 40.1 years; ACTUAL AAoA 19.3 years.





Message 5 of 6
Dishpro
Regular Contributor

Re: Score dropped 15 points for having a card with a $5 balance! CRAP!

Yes I received a FCR.COM alert that my TU score had increased. I checked it out and it went up to 766! Wow I was quick to find out if my FICO TU did anything. It went down from 723 to 671! I was shocked. The only difference in my last FICO TU pull was now i have 3 cards that are showing a balance now (all under $7) and this also changed my accts with balances from good to not good. So my score dropped 52pts! That is $27 in CC balances total for a 52pt.drop!
 

Starting Score:
585
Current Score: FICO TU 725 FICO EQ 735 EX 754
Goal Score: 850


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