topic Re: Credit Card Utilization % in Rebuilding Your Credit

Credit Card Utilization %

Anonymous — Wed, 17 Oct 2012 19:34:04 GMT

Mine is really high because I have a BOA Visa Signature card which has no credit limit. They report n/a under credit limit on my credit report. So, my total available credit limit is only a sum of my other two cards. I've contacted BOA and they say that is their standard reporting information similar to a generic AMEX card. How do you guys handle this? My utilization seems high when in reality it isn't. Thanks.

Re: Credit Card Utilization %

jadeite788 — Wed, 17 Oct 2012 20:20:15 GMT

Keep asking, all cards have a limit. otherwise I assume either the standard $500-1000 is your credit limit. They say don't utilize more than 9%.

Re: Credit Card Utilization %

Tran92 — Wed, 17 Oct 2012 20:38:10 GMT

If it is a sig then typically the cli is 5k.

Re: Credit Card Utilization %

Shogun — Thu, 18 Oct 2012 00:55:08 GMT

Cards without hard limits are generally categorized into another category. Where are you getting your scores? FAKOs don't factor the same as FICO.

Re: Credit Card Utilization %

Anonymous — Thu, 18 Oct 2012 02:40:14 GMT

You're right BOA said it was 5k but very loose. I can go way over w/o an issue. And I'm very embarrased to say I got my credit Utilization score from Credit Karma. Yes, I'm now a cheapskate.