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End of Year Mini App Spree!! Update Chase Hyatt Approved

Super Contributor

Re: End of Year Mini App Spree!! Update Chase Hyatt Approved

Congrats Baller! Those are all wonderful approvals!! 

Message 61 of 70
Frequent Contributor

Re: End of Year Mini App Spree!! Update Chase Hyatt Approved

Way to go baller!! And happy vacations to you too!! Smiley Very Happy

FICO 8: TU-787 EX-768 EQ-757 Total Credit Limit: $647,750
Message 62 of 70
Super Contributor

Re: End of Year Mini App Spree!! Update Chase Hyatt Approved

Awesome Baller!

 

Keep it coming Smiley Very Happy

 

Congratulations! on the nice sweep of approvals.

Message 63 of 70
Highlighted
Super Contributor

Re: End of Year Mini App Spree!! Update Chase Hyatt Approved

Thanks so much guys. Just a lil somethin somethin to finish out my 2016 apps. 😆
Message 64 of 70
Valued Contributor

Re: End of Year Mini App Spree!!


baller4life wrote:
Ok here's the deal. Any balance on a card with a limit of $50k+ is NOT figured into individual card util. It is added in overall util. But, you won't get the score ding for individual card util. Fico completely ignores it.

I'm confused. A balance on any credit card with a limit of 50k or higher is counted in my 30% "amounts owed" but only against the total of all credit cards? Does individual card utilization have an effect? Is this advantageous to me from a scoring perspective? 

Message 65 of 70
Super Contributor

Re: End of Year Mini App Spree!! Update Chase Hyatt Approved

Individual card util absolutely has an affect on your Fico score. You get a Fico ding at 10%,30%,50%,70% and 90% individual card util on top of dings for overall util. So to have a balance on a $50k is advantageous indeed!
Message 66 of 70
Valued Contributor

Re: End of Year Mini App Spree!! Update Chase Hyatt Approved

Interesting, that's good to know, thanks!

 

The only card that reports a balance on my report is one with a limit over 50k, so does that make FICO think I'm not reporting any balances on cards? Does it even matter if I do as long as my total utilization is 1-9%?

 

Message 67 of 70
Super Contributor

Re: End of Year Mini App Spree!! Update Chase Hyatt Approved

If your only balance is on a $50k, you are in fantastic shape! That balance is only included in your overall util. You won't get any individual card util score drops. 1%-9% overall util is optimal for Fico scoring. The $2 trick works just fine for scoring purposes.

Message 68 of 70
Established Contributor

Re: End of Year Mini App Spree!! Update Chase Hyatt Approved

Simply mindblowing...and you rock, baller4life !

Congrats..
SisterGirl
Message 69 of 70
Super Contributor

Re: End of Year Mini App Spree!! Update Chase Hyatt Approved


SisterGirl wrote:
Simply mindblowing...and you rock, baller4life !

Congrats..

Awww thank you! 😄

Message 70 of 70