OK...So let me start off by saying that this is NOT MY NORM!!......For those of you here on the boards who have followed me over the years, or know me personally, (there are several of you 
), you know that since my BK ive been super strict, and my deal has always been....".one card reporting at 1%., for maximum FICO scoring".
Well last year I finally started to loosen up a little and play the FICO game a little looser, and I let 2-3 cards report a small balance 1%, and still kept an overall util reporting of 1%. Never had score changes at all....
Well...in comes CHASE. I was approved mid January for Amazon Visa Siggy, and was told by CSR that for first statement it wouldnt cut till Mid March, since I didnt get my card till very end of January. It also showed online acct that it would be mid-March. So, off I went....swiping here and there, and building up my balance for a strategic awesome PIF first part of March, to show CHASE I can make big PIF payments.
So, imagaine my surprise last month (Feb) while at work, I get an email from Chase saying...."Your statement is ready"!! ... um, excuse me, WHAT?! What do you mean "ready" ?!! yep, sure enough, Chase cut a statement in February, NOT MARCH like I was told.
Statement cut with a 60% balance... $1786.52/$3000....you can imagine my horror, and anxiety as I literally flipped out, because I also had 2 other cards reporting as part of my "loosening up" plan. Of course CHASE had already reported to the CRA's by the time I could push a PIF payment. I freaked...thinking my score would tank due to the 60% util on ONE card reporting, since FICO doesnt like that too much.
I waited and waited, checked my scores, and ........nothing. Scores stayed completely the same, no more no less. Even had 3 lenders update TU scores during that time as well. interesting......
so for February I had the following data pts....
-Three cards reporting
-one CC at 60% util, other two CC's at 1% util
-overall util reporting was 3%, EEK!
The only thing I can think of as too why I didnt get dinged not one point for the one card reporting at 60% util, was because of my FICO bucket Im in...Im in the worst bucket ever in FICO eyes....BK plus paid lien showing, and 6 neg IIB accts still reporting. And remember....when in your buckets, youre are being compared to those people in your same bucket. So, Im being compared to people who are similar to me in my dirty bucket.
But I also have a ton of postive accts reporting......22 open, and at least that on positve closed accts. So that may have played a factor as well.
So, there you have it...I just wanted to share my experience, and add some data points.... 
@pizza1 wrote:OK...So let me start off by saying that this is NOT MY NORM!!......For those of you here on the boards who have followed me over the years, or know me personally, (there are several of you
Well last year I finally started to loosen up a little and play the FICO game a little looser, and I let 2-3 cards report a small balance 1%, and still kept an overall util reporting of 1%. Never had score changes at all....
Well...in comes CHASE. I was approved mid January for Amazon Visa Siggy, and was told by CSR that for first statement it wouldnt cut till Mid March, since I didnt get my card till very end of January. It also showed online acct that it would be mid-March. So, off I went....swiping here and there, and building up my balance for a strategic awesome PIF first part of March, to show CHASE I can make big PIF payments.
So, imagaine my surprise last month (Feb) while at work, I get an email from Chase saying...."Your statement is ready"!! ... um, excuse me, WHAT?! What do you mean "ready" ?!! yep, sure enough, Chase cut a statement in February, NOT MARCH like I was told.
Statement cut with a 60% balance... $1786.52/$3000....you can imagine my horror, and anxiety as I literally flipped out, because I also had 2 other cards reporting as part of my "loosening up" plan. Of course CHASE had already reported to the CRA's by the time I could push a PIF payment. I freaked...thinking my score would tank due to the 60% util on ONE card reporting, since FICO doesnt like that too much.
I waited and waited, checked my scores, and ........nothing. Scores stayed completely the same, no more no less. Even had 3 lenders update TU scores during that time as well. interesting......
so for February I had the following data pts....
-Three cards reporting
-one CC at 60% util, other two CC's at 1% util
-overall util reporting was 3%, EEK!
The only thing I can think of as too why I didnt get dinged not one point for the one card reporting at 60% util, was because of my FICO bucket Im in...Im in the worst bucket ever in FICO eyes....BK plus paid lien showing, and 6 neg IIB accts still reporting. And remember....when in your buckets, youre are being compared to those people in your same bucket. So, Im being compared to people who are similar to me in my dirty bucket.
But I also have a ton of postive accts reporting......22 open, and at least that on positve closed accts. So that may have played a factor as well.
So, there you have it...I just wanted to share my experience, and add some data points....
Fascinating.
I always get dinged around 5 points when a single account goes to 30%.
@SouthJamaica wrote:
@pizza1 wrote:OK...So let me start off by saying that this is NOT MY NORM!!......For those of you here on the boards who have followed me over the years, or know me personally, (there are several of you
Well last year I finally started to loosen up a little and play the FICO game a little looser, and I let 2-3 cards report a small balance 1%, and still kept an overall util reporting of 1%. Never had score changes at all....
Well...in comes CHASE. I was approved mid January for Amazon Visa Siggy, and was told by CSR that for first statement it wouldnt cut till Mid March, since I didnt get my card till very end of January. It also showed online acct that it would be mid-March. So, off I went....swiping here and there, and building up my balance for a strategic awesome PIF first part of March, to show CHASE I can make big PIF payments.
So, imagaine my surprise last month (Feb) while at work, I get an email from Chase saying...."Your statement is ready"!! ... um, excuse me, WHAT?! What do you mean "ready" ?!! yep, sure enough, Chase cut a statement in February, NOT MARCH like I was told.
Statement cut with a 60% balance... $1786.52/$3000....you can imagine my horror, and anxiety as I literally flipped out, because I also had 2 other cards reporting as part of my "loosening up" plan. Of course CHASE had already reported to the CRA's by the time I could push a PIF payment. I freaked...thinking my score would tank due to the 60% util on ONE card reporting, since FICO doesnt like that too much.
I waited and waited, checked my scores, and ........nothing. Scores stayed completely the same, no more no less. Even had 3 lenders update TU scores during that time as well. interesting......
so for February I had the following data pts....
-Three cards reporting
-one CC at 60% util, other two CC's at 1% util
-overall util reporting was 3%, EEK!
The only thing I can think of as too why I didnt get dinged not one point for the one card reporting at 60% util, was because of my FICO bucket Im in...Im in the worst bucket ever in FICO eyes....BK plus paid lien showing, and 6 neg IIB accts still reporting. And remember....when in your buckets, youre are being compared to those people in your same bucket. So, Im being compared to people who are similar to me in my dirty bucket.
But I also have a ton of postive accts reporting......22 open, and at least that on positve closed accts. So that may have played a factor as well.
So, there you have it...I just wanted to share my experience, and add some data points....
Fascinating.
I always get dinged around 5 points when a single account goes to 30%.
Youre in a completely different bucket than I am, a much better one, lol. Thats probably why...
Congrats on the new card, and for sharing the scoring (non)impact
In my experience it would seem a card over 50% should have some impact, I've experienced that almost without exception as I've had several of those cases over the last two years. The latest were taking $500 limit cards over 50%, and even then there was some score impact.
Your bucket assigment is probably the main reason. In that bucket, your overall utilization ( at 3%, still microscopic) probably weighs more. You have a lot of non-reporting cards which means your reporting cards are still something less than 15% of cards reporting anything. if you went to 6 cards reporting small balances, that might trip the counter. As it is, though, with everything else going on in your file, one card with a relatively small amount at over 60% seems not to be a factor.
Each file is different, which is why some of the common rules that get passed around don't always hold in every situation.
On the really positive side, now you have allowed a substantial balance to report on a card, and that will show on your history, adding positive notes to certain types of manual review in the future, perhaps even to algorithms outside of Chase that might look at that sort of thing, and algorithms within Chase as well. I encourage everyone to allow this to happen now and then; allow a significant balance that you are either paying off anyway, or have a low APR to pay off soon, to report and put a nice open balance number on your credit report.
@pizza1 wrote:OK...So let me start off by saying that this is NOT MY NORM!!......For those of you here on the boards who have followed me over the years, or know me personally, (there are several of you
Well last year I finally started to loosen up a little and play the FICO game a little looser, and I let 2-3 cards report a small balance 1%, and still kept an overall util reporting of 1%. Never had score changes at all....
Well...in comes CHASE. I was approved mid January for Amazon Visa Siggy, and was told by CSR that for first statement it wouldnt cut till Mid March, since I didnt get my card till very end of January. It also showed online acct that it would be mid-March. So, off I went....swiping here and there, and building up my balance for a strategic awesome PIF first part of March, to show CHASE I can make big PIF payments.
So, imagaine my surprise last month (Feb) while at work, I get an email from Chase saying...."Your statement is ready"!! ... um, excuse me, WHAT?! What do you mean "ready" ?!! yep, sure enough, Chase cut a statement in February, NOT MARCH like I was told.
Statement cut with a 60% balance... $1786.52/$3000....you can imagine my horror, and anxiety as I literally flipped out, because I also had 2 other cards reporting as part of my "loosening up" plan. Of course CHASE had already reported to the CRA's by the time I could push a PIF payment. I freaked...thinking my score would tank due to the 60% util on ONE card reporting, since FICO doesnt like that too much.
I waited and waited, checked my scores, and ........nothing. Scores stayed completely the same, no more no less. Even had 3 lenders update TU scores during that time as well. interesting......
so for February I had the following data pts....
-Three cards reporting
-one CC at 60% util, other two CC's at 1% util
-overall util reporting was 3%, EEK!
The only thing I can think of as too why I didnt get dinged not one point for the one card reporting at 60% util, was because of my FICO bucket Im in...Im in the worst bucket ever in FICO eyes....BK plus paid lien showing, and 6 neg IIB accts still reporting. And remember....when in your buckets, youre are being compared to those people in your same bucket. So, Im being compared to people who are similar to me in my dirty bucket.
But I also have a ton of postive accts reporting......22 open, and at least that on positve closed accts. So that may have played a factor as well.
So, there you have it...I just wanted to share my experience, and add some data points....
Thanks for the data.
Given the depth of your profile and low aggregate utilization; your result is not unusual. A single card reporting a UT in the 50% to 69% is typically a non event if aggregate utilization is kept low (I recommend staying below 6% but, below 9% should be all that is required). If a single card reports above 70%, impact on score may become significant - particularly for young files with fewer accounts.
I let a card report 52% utilization one month and 75% utilization a couple months later - zero point change in Fico 8 score either time. Overall utilization spiked up from the1% - 2% level but, was held under 5% both times. Balances were PIF after they reported. I suspect my score would have dropped a bit if I maxed out the card (anything at or above 90% UT - IMO)
I would encourage you to test the waters on # of cards reporting and individual card UT% while maintaining AG UT low (say under 6%). You will likely find that you can allow balances to report on 5 or 6 of your 22 cards without impacting score if AG UT is maintained low.
