No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
The official wisdom here is the 89.01% has the same scoring impact as 102%. But I don't think it has been rigorously tested by several different people with stable profiles -- the way that 8.99% has been (say).
Why do you need a score boost?
PS. Your cards are at substantial risk of being balance chased.
@Anonymous wrote:The official wisdom here is the 89.01% has the same scoring impact as 102%. But I don't think it has been rigorously tested by several different people with stable profiles -- the way that 8.99% has been (say).
Why do you need a score boost?
PS. Your cards are at substantial risk of being balance chased.
From what I have found in my research, is that credit card companies do not like seeing a cards utilization greater than 70% for extended periods to time. CGID is correct, you are at substantial risk of being balance chased. I would be more worried about getting your utilization down than looking for a FICO score boost.
When a CCC starts to balance chase you, they make your available credit that same as the amount you owe. Some CCCs continue to report your CL as what your maximum CL started at. Others will report your CL as what the current available credit is which kills your overall utilization.
I will be applying for an apartment in the next month or so and Credit Karma has me at 594.
Pay your CK scores no mind. Check out creditscorecard or creditscore.com for your EX FICO 8 score, as that's a meaningful flavor. Also know that taking your utilization down to an ideal place from where you're at currently would probably add around 70-80 points to whatever that EX FICO 8 score is when you get it. That should be pretty good motivation
Your should aim for 87%. The maxed threshold is actually 88.9%. That's because 89.000001% rounds up to 90% and is no longer "under 90%." Paying to 87% ensures that the next month's interest will keep you at 88.9% or below.
The same thing would apply to the other thresholds (68.9%, 48.9%, 28.9%, 8.9%). Aim for 67%, 47%, 27%, and 7%. If you're not paying interest, 88.9%, 68.9%, 48.9%, 28.9%, or 8.9% will work.
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |