I think the right way to test this will be to get to 10K+ on some big tradeline for someone that has absurd levels of aggregate CL and then compare with the same individual utilization and point loss on a small tradeline.
As long as there isn't a meaningful aggregate change between the two (I think there would be on EX FICO 2 admittedly) it shouldn't be that awkward to test.
@Anonymous wrote:Perhaps it was simply the amount of cards that went to the 28% threshold, versus it being about the actual balance being 4 or 5 digits?
The biggest hit I ever took was $10K BT on a $20K CL, don't recall the actual point loss though. But my guess was that the hit was due to being over 50%. All other balances before or since have all been less than $5K, though on some cards that could hit the 28% easy. I generally prefer to hover at 18%.
no everything was under the threshold, was just shuffling stuff around to take advantage of 0% interest
@Revelate wrote:I think the right way to test this will be to get to 10K+ on some big tradeline for someone that has absurd levels of aggregate CL and then compare with the same individual utilization and point loss on a small tradeline.
As long as there isn't a meaningful aggregate change between the two (I think there would be on EX FICO 2 admittedly) it shouldn't be that awkward to test.
The test it might be possible for me to try would be this, with aggregate utilization & number of accounts with balances constant between the 2 test days:
Day 1: every revolving account at 28% or less, with one at $10k+, all others below $10k [my present configuration]
Day 2: every revolving account at 28% or less, and below $10k
If I can pull it off, and nothing else significant happens that day, I could measure EX FICO 8, 2, Auto 8, Auto 2, Bankcard 8, Bankcard 3, and Bankcard 2, to see if my gut feeling has any substance.
@Revelate wrote:I think the right way to test this will be to get to 10K+ on some big tradeline for someone that has absurd levels of aggregate CL and then compare with the same individual utilization and point loss on a small tradeline.
As long as there isn't a meaningful aggregate change between the two (I think there would be on EX FICO 2 admittedly) it shouldn't be that awkward to test.
I have cards go from 4 digits to 5 digits or 5 to 4, and from $0 to 4 or 5 digits or 4 to 5 digits to $0 fairly often. I've never seen large 8-point swings as mentioned from that happening, unless something else was also happening at the same time. I think it's likely more about utilization, as FICO 8 shouldn't have any raw dollar amount things like that.
I have a card that went from 5 digits to 4 digits closing in a few days, but there are other things going on the same day so I don't know how much value would be in the DP. I know I have one account that will be going under $10k in a few months without crossing a util threshold like the one in a few days. I'll try to remember to chime back in.
@K-in-Boston wrote:
@Revelate wrote:I think the right way to test this will be to get to 10K+ on some big tradeline for someone that has absurd levels of aggregate CL and then compare with the same individual utilization and point loss on a small tradeline.
As long as there isn't a meaningful aggregate change between the two (I think there would be on EX FICO 2 admittedly) it shouldn't be that awkward to test.
I have cards go from 4 digits to 5 digits or 5 to 4, and from $0 to 4 or 5 digits or 4 to 5 digits to $0 fairly often. I've never seen large 8-point swings as mentioned from that happening, unless something else was also happening at the same time. I think it's likely more about utilization, as FICO 8 shouldn't have any raw dollar amount things like that.
I have a card that went from 5 digits to 4 digits closing in a few days, but there are other things going on the same day so I don't know how much value would be in the DP. I know I have one account that will be going under $10k in a few months without crossing a util threshold like the one in a few days. I'll try to remember to chime back in.
Is that the only one that's presently reporting at 5 figures? If so, it would definitely be of interest if you can get any kind of clean signal (or clear absence of any signal) from it.
No. Do you think the potential penalty you are seeing is going from 0 cards to 1 card, rather than individual cards?
@K-in-Boston wrote:No. Do you think the potential penalty you are seeing is going from 0 cards to 1 card, rather than individual cards?
I think it was from going from no cards above 10k to having 1 card above 10k.
I have this vague recollection that the day I decided to take advantage of a 0% APR balance transfer offer on a 40k account, and do some balance transfers up to 28%, or $11,200, a cold chill came over my FICO 8 scores.
Since then I haven't hesitated to add others, and haven't noticed any plus or minus when I toggle any of them between 4 and 5 figures. But for a while now there has always been at least one in the 10k+ category.
But this time around I'm trying to get rid of all of those, to see if any score change occurs when the last 5-figure balance drops out.
I've dropped 4 out of 5. The remaining one won't report until the beginning of month.
Unfortunately, however, due to Covid 19 weakness, I may not have enough dough to drop that one. And if I do succeed in dropping that one, the data won't be discernible, since that account is the only one that was above 30%, so the points I would pick up from dropping below 30% will be mixed in with the points, if any, I will definitely earn from dropping below 5 figures.
@SouthJamaica wrote:
@K-in-Boston wrote:No. Do you think the potential penalty you are seeing is going from 0 cards to 1 card, rather than individual cards?
I think it was from going from no cards above 10k to having 1 card above 10k.
I have this vague recollection that the day I decided to take advantage of a 0% APR balance transfer offer on a 40k account, and do some balance transfers up to 28%, or $11,200, a cold chill came over my FICO 8 scores.
Since then I haven't hesitated to add others, and haven't noticed any plus or minus when I toggle any of them between 4 and 5 figures. But for a while now there has always been at least one in the 10k+ category.
But this time around I'm trying to get rid of all of those, to see if any score change occurs when the last 5-figure balance drops out.
I've dropped 4 out of 5. The remaining one won't report until the beginning of month.
Unfortunately, however, due to Covid 19 weakness, I may not have enough dough to drop that one. And if I do succeed in dropping that one, the data won't be discernible, since that account is the only one that was above 30%, so the points I would pick up from dropping below 30% will be mixed in with the points, if any, I will definitely earn from dropping below 5 figures.
I just realized @Revelate that the test I wanted to try won't be meaningful, because the one 5-figure account left is also the only account I had that was > 30%, so if I do drop it to 4 figures the points I pick up from going under 30% will camouflage the points, if any, earned by going from 5 figures to 4 figures.
Yeah, that's why I mentioned earlier I am not sure how useful my 5-to-4 DP will be in a few days. It's dropping from $10k to $3k, but also from 40+% to around 13% (0% intro coming to an end soon that I've been riding out for a while).
@K-in-Boston wrote:Yeah, that's why I mentioned earlier I am not sure how useful my 5-to-4 DP will be in a few days. It's dropping from $10k to $3k, but also from 40+% to around 13% (0% intro coming to an end soon that I've been riding out for a while).
Yeah well from my experience that would not mean anything anyway.
I'm just thinking that dropping from 1 to 0 might mean something.