Re: 100% util on one card

Anonymous · ‎06-04-2015

for a month. will this be a problem?

yfan · ‎06-04-2015

Probably. Especially if it spookes other lenders who start taking "pre-emptive" action against their risks.

Closingracer99 · ‎06-04-2015

I'I've showed 99.99% once and it dropped my score 50 points. Took about 6-8 months to recover

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740

jamesdwi · ‎06-04-2015

@Anonymous wrote:
for a month. will this be a problem?

depends on your credit profile, 3 months with a Credit one card, and a 550 fico, Credit one will love you,

but if you have only 1-3 months experience with the prime card/lender they may get worried, and CLD if it doesn't get resolved in a couple of months, they don't care if it reports that way, only freaks like us strive to pay the card off before the statement cuts. Just pay way over minimum payment, and more than you are spending on the card in the future and you will be fine.

...

Cards: Chase Southwest 20k & CSR 17k & CSP 10k & FNBO 30k Oregon Duck 5k, & AMEX BCP 32.5k & Amex Magnet 15k&amg; Hilton Surpass 7.5k & Delta Gold 12k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 20k, Paypal Extras MC 10k, Paypal Credit 7.25k CapOne Venture 15k, QS 2.5k, QS 750, Amazon 10k, Walmart 10k, Citi Simplicity 18k, Discover IT 23k and a nice stack of store cards.
Landmarkcu Personal Loan 10k

Dw4250 · ‎06-04-2015

paperchasers wrote:

for a month. will this be a problem?

one month...probably not, but get it pay down to at least 50% ASAP.

Anonymous · ‎06-04-2015

oh my. prepare yourself for ding in your credit.

i would have for CLI before going 0 to 100 !

petejk · ‎06-04-2015

Your scores will take a hit for sure.

I transferred a balance to a card past 50% util and had a score decrease, so I can imagine that a 100% util will have a greater effect

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USAA Rate Advantage Platinum Mastercard: $3,000 CL

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Chase Military Free Cash Rewards: $1,000 CL

Anonymous · ‎06-04-2015

I'll be paying it off 100% in a month.. will this still be a problem?

B335is · ‎06-04-2015

I really don't think it will be a problem if it's paid off in one month and you don't plan on applying for anything else. As others have said be prepared to take a hit to your score.

Anonymous · ‎06-05-2015

If your balance is not paid down before the statement cut date it will show this high balance on your credit report. Should you need a manual review of your credit in the future

100% util on one card

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100% util on one card