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Guitar Center Gear card 4.5k SL

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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 6.2k
LLBean Citi MC 6k
PNC points visa 5.1k
CapOne QS1. 1.5k
Citi DC. 2.25k
Discover it. 2.5k
Am Ex Gold
Kohl’s. $2.5k
Amazon Store. 6k
Overstock. 13.6k
Boscovs. 14k
Best Buy S.C. 2k
Home Depot 2k
Total CL. 91,150k
 
PNC personal loan 7500 down to 7350
 
oldest credit 2yr 1month, newest today!
* 3% card utilization 





As of 11/1/18




As of 11/1/19
Message 1 of 10
9 REPLIES 9
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Super Contributor

Re: Guitar Center Gear card 4.5k SL

Congratulations on your approval!
Message 2 of 10
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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
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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 6.2k
LLBean Citi MC 6k
PNC points visa 5.1k
CapOne QS1. 1.5k
Citi DC. 2.25k
Discover it. 2.5k
Am Ex Gold
Kohl’s. $2.5k
Amazon Store. 6k
Overstock. 13.6k
Boscovs. 14k
Best Buy S.C. 2k
Home Depot 2k
Total CL. 91,150k
 
PNC personal loan 7500 down to 7350
 
oldest credit 2yr 1month, newest today!
* 3% card utilization 





As of 11/1/18




As of 11/1/19
Message 4 of 10
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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
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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: 6.7k
Citi Rewards+: 3.6k
Bank Americard: 2.8k
~~~~~~~~~~~~~~~~~~
Once you go Berner, you never go back.
Message 6 of 10
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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
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Valued Contributor

Re: Guitar Center Gear card 4.5k SL

Congratulations on your approval!!!



Message 8 of 10
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Mega Contributor

Re: Guitar Center Gear card 4.5k SL

 

Congrats!

Message 9 of 10
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Super Contributor

Re: Guitar Center Gear card 4.5k SL

Congrats !



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And it wouldn't cost me a dime
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