topic No Revolving utilization with small balance in Understanding FICO® Scoring

No Revolving utilization with small balance

CreditBob — Sun, 13 Nov 2022 13:54:54 GMT

If I do not have a 1% aggregate revolving amount but have a $ 50 to $ 100 balance out of a total credit limit of $ 50K, will that even be better for the score, compared if the average revolving utilization was 1% with a $ 500 balance?

Re: No Revolving utilization with small balance

SouthJamaica — Sun, 13 Nov 2022 14:17:40 GMT

@CreditBob wrote:
If I do not have a 1% aggregate revolving amount but have a $ 50 to $ 100 balance out of a total credit limit of $ 50K, will that even be better for the score, compared if the average revolving utilization was 1% with a $ 500 balance?

It wouldn't make a difference, both are fine.

Re: No Revolving utilization with small balance

FireMedic1 — Sun, 13 Nov 2022 14:20:23 GMT

You have up to $500 to be within 1% of your total credit line reporting. There is an amount that will post 0%. Less than $5? @SouthJamaica knows better on that subject.

Re: No Revolving utilization with small balance

SouthJamaica — Mon, 14 Nov 2022 03:32:08 GMT

@FireMedic1 wrote:
You have up to $500 to be within 1% of your total credit line reporting. There is an amount that will post 0%. Less than $5? @SouthJamaica knows better on that subject.

$10 or $20 is enough to avoid the 'all zero penalty'.