Credit Card Utilization %

Anonymous · ‎10-17-2012

Mine is really high because I have a BOA Visa Signature card which has no credit limit. They report n/a under credit limit on my credit report. So, my total available credit limit is only a sum of my other two cards. I've contacted BOA and they say that is their standard reporting information similar to a generic AMEX card. How do you guys handle this? My utilization seems high when in reality it isn't. Thanks.

jadeite788 · ‎10-17-2012

Keep asking, all cards have a limit. otherwise I assume either the standard $500-1000 is your credit limit. They say don't utilize more than 9%.

Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750
Take the FICO Fitness Challenge

Tran92 · ‎10-17-2012

If it is a sig then typically the cli is 5k.

TU 746 (10/13)
GOAL: 750+

Shogun · ‎10-17-2012

Cards without hard limits are generally categorized into another category. Where are you getting your scores? FAKOs don't factor the same as FICO.

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.

Anonymous · ‎10-17-2012

You're right BOA said it was 5k but very loose. I can go way over w/o an issue. And I'm very embarrased to say I got my credit Utilization score from Credit Karma. Yes, I'm now a cheapskate.