Is it important to have each of your tradelines under 30% utilization or is it acceptable to have an overall utilization of below 30% with a card or two over that amount?
It's best to have your overall utilization under 8.9% and no card over 28.9%.
Some people practice the AZEO method where all cards report a balance of zero at statement time except one in which that card has a small balance. $15-20 or so. Just don't let all cards report zero or fico will penalize you
I, personally, don't do AZEO...i let all my cards report a small balance, but each of my cards is under 7-8% as well as my overall utilization.
Just to clarify, "under 30%" means 28.9% or below. That's because FICO rounds all percentages up. 29.0000001% would round up to 30% and would no longer be "below 30%."
All cards at 28.9% or below indicates "responsible" borrowing. It's a great look when applying, and it generally puts one in FICO's second best scoring tier. Going over 28.9% on an individual card is fine from time to time. If you're doing it fairly frequently, you might want to consider requesting limit increases on those cards.
If you're doing it fairly frequently, you might want to consider requesting limit increases on those cards.
In the case of a Transactor I definitely agree with this. In the case of a Revolver, though, CLIs are really a band-aid to the bigger underlying issue of less responsible use of credit (spending more than you're able/willing to pay).
Supposedly, the best is when your overall is under 9% and each individual is under 29%. However, I decided to stop getting too hung up on the numbers and just try to keep my balances as low as I can without driving myself crazy lol