If all of those other accounts are reporting a zero balance, I'd anticipate no score change at all.
You won't get anywhere near 8.9% individual OR aggregate utilization.
I think you're fine.
Thank you.. I was worried about my score dropping.
Just to be clear, you are concerned about Fico scores, correct? Your Fico scores won't change.
Vantage scores might... but nobody cares...
With the holidays coming up. I wanted to take advantage of Discover's 5% cash back for Walmart Amazon and Target.. I was looking to spend close to 1,000. My current credit limit with Discover is 14,500 at 0% until May.
I also have a personal loan with a balance of 500.. All my accounts are at 0 right now. Except discover.. carrying a 50 balance on the card.
FICO scores Ex 690 Trans 710 Eq 789
1 late from years ago on a closed now paid student loan.
Just wondering how much of a score drop I'll see if I pay the 1,000 off over time
PayPal extras 2,000
Neiman Marcus 14,000
No score drop at all.
UTL thresholds on individual and separately, AGG revolvers is one thing that can impact your score. But as noted above, if only 1 revolver reports a balance then you should see no negative score impact based on the amount you noted for that card and the total # of accts you have not reporting a balance. Doesn't cross a threshold that should negatively impact your score. But note that in addition to those known thresholds, # of accounts reporting compared to the # of accts you have is another factor that could cause a score change.
I have a total of 13 open accts, 2 are loans (MTG and auto). This will always represents 2 accts reporting. When I have 3 CC also reporting (total of 5 accts reporting a balance) I see a ding in my score on a number of score models. 4 or less accts reporting seems to be my sweet spot based on the # of accts I have. 3 accts reporting is perfect for my MTG scores, which = AZEO.
Thanks for the reply..
I'm gonna try my best to not going over 1,000 in spend. Hopefully with black Friday I won't.. Lol
You can spend all you want. (Ooops may have caused a swipe monster) Pay it down before statement cut date. It's whats reported that matters. So you can spend $1500 now.