36 point drop for balance going up $276

[babygirl1256]

simplynoir ~ Thanks for posting as I was concerned about the same thing as OP (scores dropping). I am required to spend $4k on my new CSP card -but- the limit is $21k . . . I'll watch the spend over the next 2 months.

[Morphyyy]

Because I’m still new I didn’t know that mattered I seen it as one of my cards is maxed out but still only using 3% utilization i didn’t know it did that

[Morphyyy]

Wow you learn something new everyday lol so basically even if I have 31k limit even if I max out a 100$ limit card it will drop it that bad even if it’s only like 1% total utilization of my credit limits?

[simplynoir]

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@Morphyyy wrote:
Wow you learn something new everyday lol so basically even if I have 31k limit even if I max out a 100$ limit card it will drop it that bad even if it’s only like 1% total utilization of my credit limits?

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Unfortunately, yes. FICO doesn't differentiate from limits but by the utilization in relation to the limits on each card and total utilization as well. The good news is utilization has short-term memory so if you pay off the $100 card then next month you should get all those points back. Well, assuming nothing else is different that is

[Anonymous]

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@Morphyyy wrote:
Wow you learn something new everyday lol so basically even if I have 31k limit even if I max out a 100$ limit card it will drop it that bad even if it’s only like 1% total utilization of my credit limits?

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Both aggreagte and individual utilization is important. Overall (aggregate) is not the only thing considered.