Very Interesting Thread experiment. I would be very interested to note status movement of the one CC over the 30% mark, @ 49%
Not much response was given to that one, and I suspect in that profile, it would be interesting to check the overall status about a month after that one card dropped to 29% (under 30) like the other 2. I just rec'd a Discovery Card with a VERY small Credit Limit of $1000, with $550 transfer and it posted @ 55% of course, taking a hit as my Overall Util is <10 @ 8%. Between CLI and payments, that is about to report @ <30%, and that can easily explain a 5-10 point movement if it is just one card over that 30% mark.
As was mentioned, many didfferent factors with overall Util being by far the most important, but there are usually little dings for an individual card going over the 30% mark
Larry
Starting Score: 589
@Larryhay wrote:@Very Interesting Thread experiment. I would be very interested to note status movement of the one CC over the 30% mark, @ 49%
@Not much response was given to that one, and I suspect in that profile, it would be interesting to check the overall status about a month after that one card dropped to 29% (under 30) like the other 2. I just rec'd a Discovery Card with a VERY small Credit Limit of $1000, with $550 transfer and it posted @ 55% of course, taking a hit as my Overall Util is <10 @ 8%. Between CLI and payments, that is about to report @ <30%, and that can easily explain a 5-10 point movement if it is just one card over that 30% mark.
As was mentioned, many didfferent factors with overall Util being by far the most important, but there are usually little dings for an individual card going over the 30% mark
Larry
Well most likely I'm not going to be fine tuning like that, most likely I'm going to be taking all 6 of those cards and just zeroing them out.
I'm not enjoying this experiment, because I really want to increase, not decrease, my credit scores 
I too received a Discover with a $1000 credit limit, and that's the card that I let post at 49%.
So far no further movement in the scores; EX dropped 2, seemingly in reaction to the Discover going from 0 to 490, and EQ later dropped 11, seemingly in response to the overall total going up to $3700 or 3.9%.
But as new statements cut I'm going to start eliminating those balances.
BTW, 86 days after opening my Discover Card I applied for a luv button CLI and got a $500 increase.
@Anonymous wrote:Well for sure, buddy, only do this if it is fun. Since it is not, pay your stuff down, as you say, and get happy again. :-)
I am getting the 3-bureau myFICO monitoring (for the first time) on July 4th. It will be fun getting to see two dozen scores all in one place.
PS, I have been meaning to ask: how did the dental work go?
I get the monitoring, but I usually just pay attention to the FICO 8 scores for some reason.
The dental work was excellent; theoretically the whole $2800 should have gone on CareCredit.... but I've been around here too long not to realize how bad 100% utilization would look to the FICO gods.
@Anonymous wrote:Hey SJ, congratulations! This thread just got featured in the June edition of the myFICO Popular Topics (email just went out a short while ago).
Thank you CGID... I was pleasantly shocked. Hope I don't let my new readers down when they see my utilization start going down, starting about a week from now.
Summary as of 6/11:
Started May 16th with: 10 accounts at zero balance, 3 accounts posting total balance of $241, representing less than .3% overall utilization
Over the next 18 days (i.e. through June 3rd), I allowed 6 of the 13 revolving accounts to post a total of 3471.33 for 3.9% overall utilization, with individual account utilization ranging from 2.13% to 49%.
June 11th FICO scores: EQ (-11), TU (no change) , EX (-2)
[Extraneous factor also in play: 1 new inquiry on EQ; for all I know the drop in EQ score could have been attributable entirely to the inquiry, because it coincided with it chronologically]
Update 6/16/15
Started May 16th with: 10 accounts at zero balance, 3 accounts posting total balance of $241, representing less than .3% overall utilization.
Over the next 27 days (i.e. through June 12th), I allowed 7 of the 13 revolving accounts to post a total of 3545.04 for 3.9% overall utilization, with individual account utilization ranging from 2.1% to 49%.
FICO 8 scores, compared to 5/16 scores, as of:
6/16 EQ -11, EX -2, TU - no change
[Extraneous factors also in play: EQ: 1 inquiry TU: 1 inquiry]
@SouthJamaica wrote:Update 6/16/15
Started May 16th with: 10 accounts at zero balance, 3 accounts posting total balance of $241, representing less than .3% overall utilization.
Over the next 27 days (i.e. through June 12th), I allowed 7 of the 13 revolving accounts to post a total of 3545.04 for 3.9% overall utilization, with individual account utilization ranging from 2.1% to 49%.
FICO 8 scores, compared to 5/16 scores, as of:
6/16 EQ -11, EX -2, TU - no change
[Extraneous factors also in play: EQ: 1 inquiry TU: 1 inquiry]
My TU did not move last year with 2 INQ either, and EQ moved -7 for each INQ on two cards.
I think you have no score change due to letting all the cards report. The drop is only from the INQ.
Thanks for running the experiment, I'm not surprised at the result
@NRB525 wrote:
My TU did not move last year with 2 INQ either, and EQ moved -7 for each INQ on two cards.
I think you have no score change due to letting all the cards report. The drop is only from the INQ.
Thanks for running the experiment, I'm not surprised at the result
I'm starting to think you're right NRB525... The EQ 11 point drop came in the same alert that advised me of the inquiry.
The EX 2 point drop, however, seemed to coincide with the 49% on the Discover Card.
But so far it looks like going from .3% overall utilization to 3.9% utilization had basically zero effect on my FICO scores.
Now I'm going to be reducing it back to where it was, to see if that has any effect.