topic Re: Guitar Center Gear card 4.5k SL in Credit Card Approvals

Guitar Center Gear card 4.5k SL

Talonwildstar — Thu, 21 Nov 2019 01:24:05 GMT

I have a band and wanted to get the Bose PA system, got approved for 4.5 k the Bose system costs 3.2 k with 48 month financing... if I buy the system my card utilization on that particular card will be over 60% ....but less than 5% utilization across all credit cards... with that 60+ % on one card hurt my credit score?

Re: Guitar Center Gear card 4.5k SL

AllZero — Thu, 21 Nov 2019 01:24:50 GMT

Congratulations on your approval!

Re: Guitar Center Gear card 4.5k SL

AllZero — Thu, 21 Nov 2019 01:28:13 GMT

You'll receive at least a 10-15 point penalty for individual utilization crossing 48.9%.

Re: Guitar Center Gear card 4.5k SL

Talonwildstar — Thu, 21 Nov 2019 01:33:32 GMT

Thank I was wondering if drives me nuts!! I used to be a manager at guitar center.. we always did everything we could to have the customer max out there card, there’s even a 10% buffer in case they need more... I never knew it hurt there credit score unreal

Re: Guitar Center Gear card 4.5k SL

AllZero — Thu, 21 Nov 2019 01:50:29 GMT

Here's a good primer for scoring The Truth about Credit Card Utilization

Re: Guitar Center Gear card 4.5k SL

pinkandgrey — Thu, 21 Nov 2019 03:02:49 GMT

Congrats! If you're not planning on apping for anything else in the near future, I wouldn't worry too much about having one card report high. I have a card that's been reporting significantly higher than usual lately. Just pay it off as soon as possible.

Re: Guitar Center Gear card 4.5k SL

AverageJoesCredit — Thu, 21 Nov 2019 03:07:40 GMT

Congrats . Wow, yeah here max out our card! The nerve of businesses pushing that Its ok , i rock out on myFico, so im a Rockstar😎

Re: Guitar Center Gear card 4.5k SL

nuohlac — Thu, 21 Nov 2019 03:55:41 GMT

Congratulations on your approval!!!

Re: Guitar Center Gear card 4.5k SL

M_Smart007 — Thu, 21 Nov 2019 04:18:32 GMT

Congrats!

Re: Guitar Center Gear card 4.5k SL

Meanmchine — Fri, 22 Nov 2019 04:38:16 GMT

Congrats !