topic Re: Credit Utilization Minimum Question in Credit Cards

Credit Utilization Minimum Question

Anonymous — Sun, 06 Oct 2013 01:46:56 GMT

If I have a $1000 credit card and charge $1.00 to it. Therefore; 1.00/1000 =.001% (1/10 of a Percent) credit utilization. When a $10 charge would equal exactly .01% (1 Percent) credit utilization. Would the $1.00 charge still be as sufficient of a credit utilization as the $10 charge? Or is the $1.00 charge not enough to count towards proper credit utilization on a $1000 credit card. Thank you

Re: Credit Utilization Minimum Question

myjourney — Sun, 06 Oct 2013 01:55:05 GMT

@Anonymous wrote:
If I have a $1000 credit card and charge $1.00 to it. Therefore; 1.00/1000 =.001% (1/10 of a Percent) credit utilization. When a $10 charge would equal exactly .01% (1 Percent) credit utilization. Would the $1.00 charge still be as sufficient of a credit utilization as the $10 charge? Or is the $1.00 charge not enough to count towards proper credit utilization on a $1000 credit card. Thank you

You working my math tonight Lol

But yes same for reporting purposes

Re: Credit Utilization Minimum Question

Anonymous — Sun, 06 Oct 2013 02:09:40 GMT

Thank you

Re: Credit Utilization Minimum Question

myjourney — Sun, 06 Oct 2013 02:16:49 GMT

@Anonymous wrote:
Thank you

Glad to help