Valued Contributor
Posts: 1,453
Registered: ‎04-14-2012
Re: Why does a small purchase send my score down 20+ points???? is your utilization %. If this is your only card and your card has a limit of $300 and you have a balance on there of more than $30 you are going to see a drop in your score. However, do not worry about it too much. Your score will go back up when you pay it off.


If you are going to apply for any type of credit make sure you have a very very low balance on that card (less than $30) when you apply. You want your score to be as high as possible when you request new credit.