it carries $195 (195/300=65%) balance last month and my fico score was hurt by it, it drops from 727 to 696.
this month i pay 10 bucks, so balance is $185 (185/300=61.67%) now. i get a fico score watch alert. it says "You have 1 negative factor(s) no longer hurting your score as much as before: The proportion of balances to credit limits on your revolving accounts is too high ."
my score reaches 727 again. i confused about it, only $10 shift fico score significantly.
Q. what proportion of balances would hurt my score? 61.67% vs 65%......
smallfry wrote: You have a 727 and are gaming a $300 Orchard card? Hmm.
Agreed! Scoes alone the OP should have an easy time with Amex, BoA, Chase, CITI and probably Discover.
Credit Profile - FICO 08 Scores (11-08-2014): EQ 818, EX 817, TU 822 All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!! Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1
I closed all HSBC products. No point hits at all on any bureau. The only junk I have left is a decent line with Barclays/Juniper and I have a feeling I may lose that once they see two new lines from Citi and Chase.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.