How long does it take to get a AA on a CC?

[ways2go]

Does anyone know how long it takes for a CCC to take an Adverse Action on your account?   I recently put a $6200 charge on my NFCU Visa Cash Rewards. I added a screened in porch to the house I bought last year.  Which put my balance up to $7400 on a CL of $12,500.  That much extra on a card, and it dropped my score 22 points across the board on all 3 bureau's.  My EQ dropped to 630. EX  dropped to 678 and TU dropped to 698.   I was also was at 19% utilization, now I am 29% util.  I was wondering how quick do CCC start doing any AA?  I only plan on carrying that much utilization to the end of April.  I plan on paying off most of my cards at the end of April as well..  

[Kostya1992]

Anywhere from very fast to never.

YMMV

[Anonymous]

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@ways2go wrote:

Does anyone know how long it takes for a CCC to take an Adverse Action on your account?   I recently put a $6200 charge on my NFCU Visa Cash Rewards. I added a screened in porch to the house I bought last year.  Which put my balance up to $7400 on a CL of $12,500.  That much extra on a card, and it dropped my score 22 points across the board on all 3 bureau's.  My EQ dropped to 630. EX  dropped to 678 and TU dropped to 698.   I was also was at 19% utilization, now I am 29% util.  I was wondering how quick do CCC start doing any AA?  I only plan on carrying that much utilization to the end of April.  I plan on paying off most of my cards at the end of April as well..  

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I think you are over thinking it a bit with utilization at 29%.  You should be fine.. Enjoy the new screen you added to your porch and relax.. Unless all your other cards are maxed out then I'd worry. You will be fine..

[chalupaman]

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@ways2go wrote:

Does anyone know how long it takes for a CCC to take an Adverse Action on your account?   I recently put a $6200 charge on my NFCU Visa Cash Rewards. I added a screened in porch to the house I bought last year.  Which put my balance up to $7400 on a CL of $12,500.  That much extra on a card, and it dropped my score 22 points across the board on all 3 bureau's.  My EQ dropped to 630. EX  dropped to 678 and TU dropped to 698.   I was also was at 19% utilization, now I am 29% util.  I was wondering how quick do CCC start doing any AA?  I only plan on carrying that much utilization to the end of April.  I plan on paying off most of my cards at the end of April as well..  

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I think you're fine. 

I've only had AA happen to me one time and that was largely because I apped for too many Citi cards in a month and from the same issuer.

[Gunnar419]

Agreed with others. I've been in situations very close to yours, right down to roughly the same balance, CL, overall util, and the fact that the big charges were for home improvement. Nothing bad happened at all.

[ksantangelo23]

I  think you will be just fine, too. Last year I swiped $5,500 for a down payment on a car on a $5,600 card. Safe to say that was somewhat out of my spending pattern. Paid it off a week later since I just used the card for rewards so it never actually reported, and Amex didnt have any issue with it.

Im actually kind of worried im heading towards AA/FR territory since my income is reported as $30,000 and in putting well over $50,000 (including AU's, always PIF) through my card now. We'll see!

[Anonymous]

2X your income in spend isn't all that abnormal. How do they know your AUs aren't independently wealthy and cant be bothered to apply for their own credit?

Id say once you cross 3-4x your income you are in the danger zone, but like anything...if FR it can be explained.

[syeb]

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@ways2go wrote:

Does anyone know how long it takes for a CCC to take an Adverse Action on your account?   I recently put a $6200 charge on my NFCU Visa Cash Rewards. I added a screened in porch to the house I bought last year.  Which put my balance up to $7400 on a CL of $12,500.  That much extra on a card, and it dropped my score 22 points across the board on all 3 bureau's.  My EQ dropped to 630. EX  dropped to 678 and TU dropped to 698.   I was also was at 19% utilization, now I am 29% util.  I was wondering how quick do CCC start doing any AA?  I only plan on carrying that much utilization to the end of April.  I plan on paying off most of my cards at the end of April as well..  

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I for one can not understand why AA would even be a consideration. They gave you a $12,500 credit line to use, not to sit there and look pretty. You may get a fraud alert to respond to but that should be it.

[takeshi74]

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@ways2go wrote:

Does anyone know how long it takes for a CCC to take an Adverse Action on your account?

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Never assume all creditors to be indentical.  There is no fixed timeframe and it's not just a matter of time.  It's a matter of what a creditor sees as too much of a risk.

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@ways2go wrote:

I was also was at 19% utilization, now I am 29% util. 

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General recommendation is do not exceed 30%.  29% if fine but is that overall?  $7,400/12,500 is 59% which is quite high.  Keep in mind that both overall and individual matter.

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@ways2go wrote:

I only plan on carrying that much utilization to the end of April.  I plan on paying off most of my cards at the end of April as well..  

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Again, doesn't sound like an issue to me.  It's prolonged high utilization that runs the risk of adverse action.  Short term high utilization generally is not an issue.

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@syeb wrote:

I for one can not understand why AA would even be a consideration. They gave you a $12,500 credit line to use, not to sit there and look pretty. You may get a fraud alert to respond to but that should be it.

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Being granted X does not guarantee that one will not encounter AA.  Make sure you read up on revolving utilication, recommended maximum and how significant a scoring and risk factor it is.  Again, prolonged high utilization can lead to AA.

Additionaly, fraud and utilization are two entirely different things.

[syeb]

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syeb wrote:

I for one can not understand why AA would even be a consideration. They gave you a $12,500 credit line to use, not to sit there and look pretty. You may get a fraud alert to respond to but that should be it.

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Being granted X does not guarantee that one will not encounter AA.  Make sure you read up on revolving utilication, recommended maximum and how significant a scoring and risk factor it is.  Again, prolonged high utilization can lead to AA.

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Thanks. Stll weird that they give you a credit line and penalize you if you use it. I guess it's like car insurance where you pay for it but if you ever use it you get penalized with raised premiums.