An amusing tidbit

[vanillabean]

Two scenarios:

1) Two cards each have a 29% util, the rest are at zero.

2) One card has 58%, the second card and the rest zero.

It turns out the EQ scores are about the same, which means that having just one balance does no more than offset the higher util on that card. Total balances are about the same.

You can take it or leave it.

[MarineVietVet]

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@Anonymous-own-fico wrote:

Two scenarios:

1) Two cards each have a 29% util, the rest are at zero.

2) One card has 58%, the second card and the rest zero.

It turns out the EQ scores are about the same, which means that having just one balance does no more than offset the higher util on that card. Total balances are about the same.

You can take it or leave it.

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This means your experience will not  the same as someone else's. Nothing new about that.

That's why the most used acronym here is YMMV and why I always say "Everyone's situation is different and there is no one size fits all".

[RobertEG]

If both cards had the same CL and if scoring at each level of util was linear, maybe......

But, in my experience, scoring is not linear, meaning the same change in util at higher levels impact more than at lower levels.

Also, if the cards have different CLs, the "tidbit" does not remotely work, as it ignores the overall % util difference.

Consider:

Card 1    10,000 CL    2900 bal     % util 29%

Card 2         300 CL        87 bal     % util 29%

Overall % Util:                                         29%

Card1     10,000CL    5800 bal       % util 58%

Card2        300 CL           0 bal       % util  0%

Overall % Util:                                          56%

Card1     10,000 CL         0 bal       % util  0%

Card2          300 CL       174 bal      % util 58%

Overall % util                                      < 1%

[vanillabean]

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@RobertEG wrote:

If both cards had the same CL and if scoring at each level of util was linear, maybe......

But, in my experience, scoring is not linear, meaning the same change in util at higher levels impact more than at lower levels.

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Yes, the two cards have about the same credit limit. Anything else would have been an unforgiveable variable.

You're right; I forgot that a util, like a derogative, may impact higher levels more. DW and I are both at 814.