cancel
Showing results for 
Search instead for 
Did you mean: 

AZEO, why 8.99%?

tag
Gregory1776
Valued Contributor

AZEO, why 8.99%?

Is it rounded up to 10% even if it’s 9.01% on a CL?

THANKS! ☺️


Experian [809] TransUnion [823] Equifax [826]

Total Revolving Limits [$224,000]

PenFed Loan: $679/$8,000
2 REPLIES 2
HeavenOhio
Senior Contributor

Re: AZEO, why 8.99%?

Yup. All utilization thresholds round up. 9.00001% rounds up to 10%, 29.00001% rounds up to 30%, etc.

Message 2 of 3
Anonymous
Not applicable

Re: AZEO, why 8.99%?

In addition to rounding up, you often hear 8.9% or even a slightly lesser number used simply because of any interest charges that may be added in.  If you go for exactly 8.99% and a little interest is tacked on you may end up at 9.25% (or some number above 9%) which then rounds up to 10% for FICO scoring purposes.

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.