topic Re: Card utilization question in Credit Cards

Card utilization question

hdirider1974 — Thu, 15 Apr 2010 14:09:03 GMT

All of my cards are paid off so technically I should have 0 utilization. But I accidentally overpaid my BB rewards mc by 136.00 so my last statement balance shows

-136.00. Will that help my score or have no affect at all? All I have to do now is get the state to properly report the tax liens and I should have everything in as good an order as I can get it.

Re: Card utilization question

lkcrew426 — Thu, 15 Apr 2010 14:12:56 GMT

I overpay one of my cards that has a annual fee on it regularly and have overpaid several others occasionally, and it always reports as a $0 balance . So I would go with no, I wouldn't expect a change.

Re: Card utilization question

Itsmeagain — Thu, 15 Apr 2010 15:38:53 GMT

It will show on your credit report as 0 balance. At least mine always does.

Re: Card utilization question

Anonymous — Thu, 15 Apr 2010 17:48:42 GMT

+1 again - Shows as $0, not a negative balance.

Re: Card utilization question

fused — Thu, 15 Apr 2010 18:49:39 GMT

Many will lose some points (not a lot of points) for having $0 balances reporting on all revolving accounts. FICO will give a you a negative comment of "no recent usage of your revolving credit lines" (or something like that).