topic Re: What is your credit card utilization in Credit Cards

What is your credit card utilization

Anonymous — Tue, 20 Nov 2018 15:17:22 GMT

Curious to what everyone's utilization is. Everyone talks limits no one talks credit card utilization.

I have $215 total balance on one card with 0 percent interest. Total limits $225,000. Less than a 1/10th of a percent.

Re: What is your credit card utilization

Peteyglad — Tue, 20 Nov 2018 15:32:57 GMT

Hmmm, I don't really worry about utilization so I haven't looked at it in a while. I have roughly $400,000 in limits currently and have roughly $2,500 on cards at this moment for a utilization rate of 0.6ish%.

Re: What is your credit card utilization

HeavenOhio — Tue, 20 Nov 2018 15:35:42 GMT

I generally post between about $50 and $1,500, spread over one or two out of six active cards, on $63,900 in limits.

Re: What is your credit card utilization

Credit-hoarder — Tue, 20 Nov 2018 16:27:48 GMT

Roughly $6K on personal--$480K total limits--so between 1 and 2%.

Re: What is your credit card utilization

Medic981 — Tue, 20 Nov 2018 16:05:46 GMT

I always make sure that my utilization is < 8.9%. With $57,450 in total revolving credit, I am currently utilizing 2.61% of my available lines of credit.

Re: What is your credit card utilization

Medic981 — Tue, 20 Nov 2018 16:11:35 GMT

@Credit-hoarder wrote:
Roughly $6 on personal--$480K total limits--so between 1 and 2%.

@Anonymous the @#$bleep&*% you talkin' bout Willis?

The percentage of $6 out of $480,000 is 0.00125%, on the other hand, $6,000 would be 1.25%

Re: What is your credit card utilization

Anonymous — Tue, 20 Nov 2018 16:42:49 GMT

@Anonymous wrote:
Curious to what everyone's utilization is. Everyone talks limits no one talks credit card utilization.

I see it discussed a lot, mainly on threads about "Should I app?" and "Why did I get AA?" But unlike limits it's very dynamic, with some paying off after every transaction, some carrying balances, others using AZEO, and some just PIF on due date. I'm generally in the last category, with util less than 1%

Re: What is your credit card utilization

Anonymous — Tue, 20 Nov 2018 17:13:11 GMT

My total credit available through credit cards is $12,500 with an average of 11% utilization.

Re: What is your credit card utilization

CreditCuriosity — Tue, 20 Nov 2018 17:41:55 GMT

Currently 2% as bought a house recently and all the new stuff that had to go along with it causing me to have to carry some balances which i normally don't do. on about 330k in credit approx. Plan to get under 1% march until then pay 1k at least a month at 0%

Re: What is your credit card utilization

imaximous — Tue, 20 Nov 2018 18:34:50 GMT

I'm at just over $300k in overall CLs. I'm reporting about $5.2k on different cards or under 2%. The bulk of it is on my Lowe's card ($4.5k left) because of a recent $6k home project purchase. I got 24 month no-interest financing, so I'm going to ride that for a little while, but chances are, I'll have it paid off in less than a year.
I let some balances report, but PIF.

Re: What is your credit card utilization

galahad15 — Tue, 20 Nov 2018 18:29:30 GMT

7% utilization out of about $340k in total credit limits.

Re: What is your credit card utilization

Pikaboo-icu — Tue, 20 Nov 2018 18:49:14 GMT

I owe $141. on $134,000 total credit..

I cannot bring myself to carry a balance.. I have 3 cards still on %0 intro interest too- UGH

I need to find a way to allow myself to carry a little balance but it messes with my brain.

In fact, every time I charge, I start worrying until I pay it off.

Guess I'm a lil crazy..

Re: What is your credit card utilization

UpperNwGuy — Tue, 20 Nov 2018 19:50:34 GMT

I don’t think the OP was asking about carrying a balance. In my case, I never carry a balance, but I never pay early either. My PenFed Power Cash statement will cut today with 10% utilization, as it does most months. I’ll pay the balance off next week. My Chase Sapphire Reserve statement will cut tomorrow with 5% utilization, and I’ll pay that off next week, too. Overall utilization across all seven cards is under 3%.

Re: What is your credit card utilization

Anonymous — Tue, 20 Nov 2018 19:57:19 GMT

@UpperNwGuy wrote:
I don’t think the OP was asking about carrying a balance. In my case, I never carry a balance, but I never pay early either. My PenFed Power Cash statement will cut today with 10% utilization, as it does most months. I’ll pay the balance off next week. My Chase Sapphire Reserve statement will cut tomorrow with 5% utilization, and I’ll pay that off next week, too. Overall utilization across all seven cards is under 3%.

Sounds like you are paying before due date. Is that because you don't do auto-pay?

Re: What is your credit card utilization

wasCB14 — Tue, 20 Nov 2018 20:05:44 GMT

In October my scores took a little dip from AZEE (All Zero Except Eight).

29% utilization...but no AA!

Re: What is your credit card utilization

Anonymous — Tue, 20 Nov 2018 20:05:46 GMT

@Pikaboo-icu wrote:
I owe $141. on $134,000 total credit..

I cannot bring myself to carry a balance.. I have 3 cards still on %0 intro interest too- UGH
I need to find a way to allow myself to carry a little balance but it messes with my brain.
In fact, every time I charge, I start worrying until I pay it off.
Guess I'm a lil crazy..

I don't like balances either but to help my score I have carried them the last two years. Put 2k on a no interest card and pay it down each month. Did NFCU 0 percent no balance tranfer back in February and have been paying it down each month. It sill bothers me to show a balance though.

Re: What is your credit card utilization

Anonymous — Tue, 20 Nov 2018 20:12:19 GMT

Right now, my utilization is 17%.

Re: What is your credit card utilization

UpperNwGuy — Tue, 20 Nov 2018 20:20:05 GMT

longtimelurker: I do not autopay on any of my credit cards. The only autopays I have at present are my monthly Medicare premium and the monthly rent on a storage unit.

The reason I will pay my PenFed and Chase cards next week is because I like to end each month with no unpaid balances. That makes it easier for me to plan the following month’s spending.

Re: What is your credit card utilization

xaximus — Tue, 20 Nov 2018 20:20:22 GMT

With my TCL being around $180k-190k - total balance currently is around 4k, around 2% (I think).

Re: What is your credit card utilization

Anonymous — Tue, 20 Nov 2018 20:37:42 GMT

6 out of 6 cards naturally reporting of about 2.5k to 3k out of about 100k total limit, 2-4% UTI, might hit 7% with large purchases. On the business side, averages about 8k-12k with 2 out of 2 cards reporting out of 25k total limit, 32-50% UTI, have hit 70% in some months. Everything is PIF on due date via autopay.