I have a $10,000 CL on my BOA card that I plan on using for Christmas presents. My question is if I remain below $1000, which is a 10% utilization would this have any affect on my credit score.
Most changes in utilization and payment history change your FICO - some positive and some negative.
Is this your only card?
Let's just say this is you only card and it normally caries a zero balance all year until November. I would expect you score to go UP for using credit.
If you have and use other cards- and you charge 10% UTL and even if you took a small FICO hit - it does not really matter unless you are making a major purchase (Car or House)
When you pay the balance down - the score recovers.
