cancel
Showing results for 
Search instead for 
Did you mean: 

Guitar Center Gear card 4.5k SL

Talonwildstar
Regular Contributor

Guitar Center Gear card 4.5k SL

 I have a band and wanted to get the Bose PA system, got approved for 4.5 k the Bose system costs 3.2 k with 48 month financing... if I buy the system my card utilization on that particular card will be over 60% ....but less than 5% utilization across all credit cards... with that 60+ % on one card hurt my credit score?


AmEx BCE 20k
BBVA visa 10k
Synchrony 2% MC 9.3k
LLBean Citi MC 6k
PNC points signature visa 15k
CapOne QS1. 1.65k
Citi DC. 4.375k
Discover it. 3.55k
Am Ex Gold
Kohl’s. $3k
Amazon Store. 10k
Overstock. 13.6k
Boscovs. 14k
Best Buy S.C. 2.8k
Home Depot 2k
Total CL. 132,500k
 
PNC personal loan 7500 down to 6200
 
oldest credit 3yr 2 months , newest 1/2020!
* 3% card utilization 





As of 11/1/18




As of 11/1/19
img src="https://img.shields.io/badge/Experian-[759 INQ(8)]-blue.svg">


As of 11/1/20
Message 1 of 10
9 REPLIES 9
AllZero
Super Contributor

Re: Guitar Center Gear card 4.5k SL

Congratulations on your approval!
Message 2 of 10
AllZero
Super Contributor

Re: Guitar Center Gear card 4.5k SL

You'll receive at least a 10-15 point penalty for individual utilization crossing 48.9%.
Message 3 of 10
Talonwildstar
Regular Contributor

Re: Guitar Center Gear card 4.5k SL

Thank I was wondering if drives me nuts!! I used to be a manager at guitar center.. we always did everything we could to have the customer max out there card, there’s even a 10% buffer in case they need more... I never knew it hurt there credit score unreal

AmEx BCE 20k
BBVA visa 10k
Synchrony 2% MC 9.3k
LLBean Citi MC 6k
PNC points signature visa 15k
CapOne QS1. 1.65k
Citi DC. 4.375k
Discover it. 3.55k
Am Ex Gold
Kohl’s. $3k
Amazon Store. 10k
Overstock. 13.6k
Boscovs. 14k
Best Buy S.C. 2.8k
Home Depot 2k
Total CL. 132,500k
 
PNC personal loan 7500 down to 6200
 
oldest credit 3yr 2 months , newest 1/2020!
* 3% card utilization 





As of 11/1/18




As of 11/1/19
img src="https://img.shields.io/badge/Experian-[759 INQ(8)]-blue.svg">


As of 11/1/20
Message 4 of 10
AllZero
Super Contributor

Re: Guitar Center Gear card 4.5k SL

Here's a good primer for scoring The Truth about Credit Card Utilization 

Message 5 of 10
pinkandgrey
Community Leader
Senior Contributor

Re: Guitar Center Gear card 4.5k SL

Congrats! If you're not planning on apping for anything else in the near future, I wouldn't worry too much about having one card report high. I have a card that's been reporting significantly higher than usual lately. Just pay it off as soon as possible. 

Discover It: 19.7k
Amex ED: 18k
Citi DC: 7.7k
FNBO Rewards Visa: 3.2k
~~~~~~~~~~~~~~~~~~
Once you go Berner, you never go back.
Message 6 of 10
AverageJoesCredit
Community Leader
Mega Contributor

Re: Guitar Center Gear card 4.5k SL

Congrats Smiley Happy. Wow, yeah here max out our card! The nerve of businesses pushing that Smiley Wink Its ok , i rock out on myFico, so im a RockstarSmiley Happy😎
Message 7 of 10
nuohlac
Valued Contributor

Re: Guitar Center Gear card 4.5k SL

Congratulations on your approval!!!








Message 8 of 10
M_Smart007
Epic Contributor

Re: Guitar Center Gear card 4.5k SL

 

Congrats!

Message 9 of 10
Meanmchine
Super Contributor

Re: Guitar Center Gear card 4.5k SL

Congrats !


3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>12/2020 CCT EX 821 TU 826 EQ 840


"Survival kit contents check. In them you'll find:

- One forty-five caliber automatic
- Two boxes of ammunition
- Four days' concentrated emergency rations
- One drug issue containing antibiotics, morphine,
vitamin pills, pep pills, sleeping pills, tranquilizer pills
- One miniature combination Russian phrase book and Bible
- One hundred dollars in rubles
- One hundred dollars in gold
- Nine packs of chewing gum
- One issue of prophylactics
- Three lipsticks
- Three pair of nylon stockings.

Shoot, a fella' could have a pretty good weekend in Vegas with all that stuff."

Major Kong (Slim Pickens) in Dr. Strangelove 1964
Message 10 of 10
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.