Re: was it a smart move?

jsickz32 · ‎06-25-2012

@android01 wrote:
@jsickz32 wrote:
yeah im done applying for cards for couple of years now. i really want the bofa amex but if not oh well. how i calculate my utility?
Do you know your FICO scores? If not, you can pull your EQ and TU scores here at MyFico. That will tell you your utilization, your average age of accounts, and tools for what you can do to increase your score and manage your credit.

no idk my score...do i have to pay?

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)

jsickz32 · ‎06-25-2012

@webhopper wrote:
To calculate utilization:

Add all balances up = Total Balance

Add all credit limits up = Total Limit

Divide Total Balance by Total Limit and then multiply by 100

That will be your % utilization

I'm also curious as to how old you are and how old your accounts are.. morbid curiosity

i did this and i got 6.017...

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)

android01 · ‎06-25-2012

I believe that your first score (on EQ) is free and there is a 7 day trial before your credit card is charged. If you are serious about your credit and scores, I would sign up for Score Watch. Go to the home page of this site to look at your options.

EQ Fico 8 - 850
TU Fico 8 - 850
EX Fico 8 - 850

android01 · ‎06-25-2012

A good look at your credit reports and the associated education and advise will answer the majority of your questions.

EQ Fico 8 - 850
TU Fico 8 - 850
EX Fico 8 - 850

jsickz32 · ‎06-25-2012

ill do that then. im kinda of scared of putting my ssn# on a forum site tho...

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)

webhopper · ‎06-25-2012

ok so your utilizaton % is 6%

FICO 8:
Goal: Gardening!

jsickz32 · ‎06-25-2012

@webhopper wrote:
ok so your utilizaton % is 6%

from what ive read thats good then right?

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)

android01 · ‎06-25-2012

@jsickz32 wrote:
ill do that then. im kinda of scared of putting my ssn# on a forum site tho...

I understand, but it's all good. Read and learn. ALL of your questions will be answered. Read up on the things that are listed about FICO scores, credit building and rebuilding etc. This site (outside of the forums) has a lot of valuable information about the basics of credit and how to understand it.

EQ Fico 8 - 850
TU Fico 8 - 850
EX Fico 8 - 850

webhopper · ‎06-25-2012

@webhopper wrote:
ok so your utilizaton % is 6%
from what ive read thats good then right?

yes, Keep it below 9%, even lower is good so that you don't pay interest.

FICO 8:
Goal: Gardening!

android01 · ‎06-25-2012

http://www.myfico.com/crediteducation/articles/

EQ Fico 8 - 850
TU Fico 8 - 850
EX Fico 8 - 850

was it a smart move?

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