topic Credit utilization question in Credit Cards

Credit utilization question

Anonymous — Wed, 17 Aug 2016 18:00:26 GMT

I always keep my utilization under 9% but are there more score increases given if it's under a certain threshold? For example, will I get more if it's at 5% or 2%? Thanks in advance

Re: Credit utilization question

Mattopotamus — Wed, 17 Aug 2016 18:02:59 GMT

I think everyone is going to be a litte different, but my sweet spot and what keeps me over 800 is having a 1-3% utilization. That is with around 130,000 available credit, so letting a balance of $3900 be the highest to post.

Re: Credit utilization question

SMikulski49 — Wed, 17 Aug 2016 18:05:41 GMT

@Mattopotamus wrote:
I think everyone is going to be a litte different, but my sweet spot and what keeps me over 800 is having a 1-3% utilization. That is with around 130,000 available credit, so letting a balance of $3900 be the highest to post.

I follow what Mattopotamus wrote! 1-3% is the sweet spot to maximise my score, typically I don't pay too much attention to it if I know I am not applying for a loan/card or anything else in the near future, but thats the range I usually stay in.

Re: Credit utilization question

NRB525 — Wed, 17 Aug 2016 19:30:42 GMT

OP what are your scores now?

Any negatives?

Re: Credit utilization question

Anonymous — Wed, 17 Aug 2016 19:42:34 GMT

I'm at 730ish across all 3 with 0 negatives.

Re: Credit utilization question

newhis — Wed, 17 Aug 2016 21:48:23 GMT

Sometime ago I read that someone that after many experiments less than 6% was the highest score.

I think there are many variables to put an exact value.