@Anonymous wrote:Elevated utilization percentage reported outside of [temporary] impact to your credit score really isn't a concern. What matters is whether or not you're exhibiting Transactor behavior and paying off right away verses carrying that balance.
Great point. Especially if FICO scores and credit profile are solid, I've found that (temporary) high utilization isn't to be feared and actually could show healthy usage of your existing limits, as long as it's paid down promptly and you're not doing it across many of your accounts simultaneously. Yes, it dings credit score for a month or so but it quickly rebounds. Scores mainly just matter when applying for new credit. If you're not applying for new credit, it's of little concern.
