Card max utilization vs overall utilization

[Anonymous]

Hi everyone.  Apologies in advance for the lazy post. I did not search.

Multiple overall credit utilization is maybe 10% but I want to do a balance transfer of 10k for 0% for 14 months.

This will max out my Discover. 

So question is, does a maxed credit card have much impact vs over utilization. Still 10%.

Any insight is appreciated. Keep on keeping on!

[DJRobbieD]

Short answer is yes. Both overall utilization and individual account utilization factor in to credit scores.

[Anonymous]

Thanks Robbie.

So the "cutoff/sweetspot" is 25-30% applies to Both overall and individual cards/unsecured?  Good info there 👍 

I've been on a credit improvement adventure since 2017.   From 620 to 786. 

[tcbofade]

If you can keep individual utilization under 48.9% and overall utilization under 8.9%, you'll be fine.

Fico scores in signature. 

[Anonymous]

Rock solid information. Thank you sir!

Incredible how much utilization has factored in.  That has been my #1 catalyst by far.

[SouthJamaica]

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@Anonymous wrote:

Hi everyone.  Apologies in advance for the lazy post. I did not search.

Multiple overall credit utilization is maybe 10% but I want to do a balance transfer of 10k for 0% for 14 months.

This will max out my Discover. 

So question is, does a maxed credit card have much impact vs over utilization. Still 10%.

Any insight is appreciated. Keep on keeping on!

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Yes it will have major negative impact 

Best for all individual accounts to be under 30%