Score Drop

[stucktruck204]

I got my first secured card ($300 limit) and put 30 on it.   Now that its reported i plan on paying it off and repeating this every month.  Why would i drop 5 points?  Should i keep doing the $30 a month and paying it off everything? 

BANK OF AMERICA

New balance: $30 

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Account opened: 1/2014

Description: Secured credit card
Amount in H/C column is credit limit

	Previously reported	Newly reported
Account balance:	$0	$30

You received this alert because this balance which was previously $0 increased to $30. This exceeded your alert limit of $5. You can change the settings for this kind of alert here.

Contact: BANK OF AMERICA, P.O. Box 982235, El Paso, TX, 799982235

BANK OF AMERICA

New balance: $30 

Show/Hide Details

Account opened: 1/2014

Description: Secured credit card
Amount in H/C column is credit limit

	Previously reported	Newly reported
Account balance:	$0	$30

[n0smirc]

How many cards?  are your total balances below 9 %?  Ideally you want below 9% on less than half your cc's. So $26 and below for this card and 0 for all others if you had 3. If you only have one card you'll have to try $0 and less than 9% to see where is best for your score.

[ktl72455]

Its in your score watch settings... you set it to alert you:

This exceeded your alert limit of $5

Go into score watch for settings and turn this off and you wont get alerted. I used to have it on  but now have it off.

[ktl72455]

Also if the card just reported it will drop a tad becuase it reduces your age of accounts as a new tradeline.