Understanding FICO® Scoring

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Frequent Contributor
JPersat
Posts: 299
Registered: ‎05-28-2012

Util across one card or all?

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‎08-24-2012 08:22 AM

Does FICO count util on each card or overall? I have two with a total 1k limit and plan on only leaving a $19 balance on one.. My high balance one will be paid off :smileyhappy:
Starting Score: 492 02/12
Current Score: TU: 668 (FICO), EQ: 668 (FICO). EX: 651(lender pull 9/27/12)
Goal Score: 660


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Valued Contributor
Crashem
Posts: 2,351
Registered: ‎01-26-2012

Re: Util across one card or all?

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‎08-24-2012 08:32 AM

Wish it was that simple.  Total util is key factor.   However individual cards util figure into score.  Also small ding for each account with any balance.

Amex Plat, Amex BCP 8k->24k (5/23/12), Amex TE 15k, CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k (8/20/12), HSBC 15k, JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k
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Frequent Contributor
JPersat
Posts: 299
Registered: ‎05-28-2012

Re: Util across one card or all?

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‎08-24-2012 08:35 AM

So I should be fine with 19/500 and 0/500 then..
Starting Score: 492 02/12
Current Score: TU: 668 (FICO), EQ: 668 (FICO). EX: 651(lender pull 9/27/12)
Goal Score: 660


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Valued Contributor
Crashem
Posts: 2,351
Registered: ‎01-26-2012

Re: Util across one card or all?

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‎08-24-2012 08:57 AM

Yeah.  Ideal is 1-9% of both card and total limit utilization and rest of cards reporting 0 balance.

Amex Plat, Amex BCP 8k->24k (5/23/12), Amex TE 15k, CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k (8/20/12), HSBC 15k, JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k
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