topic Re: High single account Utilization but low overall in Understanding FICO® Scoring

High single account Utilization but low overall

travisp33 — Thu, 09 Jun 2022 18:01:58 GMT

Contemplating some balance transfers moving debt currently only in wife's name to some of my account, and want to weigh savings vs potential score impact.

Scenario: 120k total revolving limits. All accounts paid in full every month (showing < 5% depending on reporting).

- What if I max a single card that has a $3900 limit with a 0% balance transfer?

- What if I transfer aprox 17.5k onto a card with 30k limit?

Re: High single account Utilization but low overall

PNWRambler — Thu, 09 Jun 2022 18:09:47 GMT

Maxing out any account is going to cause a drop in your score, although not a huge drop if you have $120k in credit. It's better to keep the BT under a threshold like 68.9% or 88.9% at least. Or do multiple BT's under 28.9% while keeping less than half your cards reporting a balance overall.

Re: High single account Utilization but low overall

SouthJamaica — Fri, 10 Jun 2022 02:48:55 GMT

@travisp33 wrote:
Contemplating some balance transfers moving debt currently only in wife's name to some of my account, and want to weigh savings vs potential score impact.

Scenario: 120k total revolving limits. All accounts paid in full every month (showing < 5% depending on reporting).
- What if I max a single card that has a $3900 limit with a 0% balance transfer?
- What if I transfer aprox 17.5k onto a card with 30k limit?

1. Maxing a single card will cause a dent in your scores.

2. 17.5k on a 30k card wouldn't be as bad, but it would be preferable to limit it to 14,400, or better yet 7,200.

Re: High single account Utilization but low overall

GatorGuy — Fri, 10 Jun 2022 02:53:46 GMT

You will definitely take a double digit hit in your score for maxing one credit card. It could be more sizable depending on other factors in your profile.

Re: High single account Utilization but low overall

ReturnOfTheCredi — Fri, 10 Jun 2022 21:01:07 GMT

@GatorGuy wrote:
You will definitely take a double digit hit in your score for maxing one credit card. It could be more sizable depending on other factors in your profile.

Can confirm. Nearly maxing that single card is going to dent you. Just went through this.

Re: High single account Utilization but low overall

AzCreditGuy — Thu, 16 Jun 2022 16:44:37 GMT

Like others have said High UTI on one card will hurt you. I was overall 3% UTI on all cards and not one single card was above 4% and than took out a BT and one card went to 39% UTI and 15 to 20 drop on Ex, EQ and TU. Sucks but financials over fico any day when it helps in my end goals

Re: High single account Utilization but low overall

JFox418 — Thu, 16 Jun 2022 20:54:22 GMT

Just know that it's temporary and as soon as you pay it down or pay it off it all comes back.

Re: High single account Utilization but low overall

Anonymalous — Fri, 17 Jun 2022 14:51:04 GMT

I recently lost 16 points (EX FICO 8) from utilization rising from 3% to a bit over 50% on one of my cards. Overall utilization went from 1% to 9%. All my other cards were at $0. Score bounced back, when I paid it down to a token amount. Though I'm a young/thin file, so I tend to lose more points than aged/thick files.