@CreditGuy03 wrote:So is it better to have 90% on one card or spread it out among 10 cards?
A balance on 10 cards sounds worse than 90% on one.
Much better to spread it around
@SouthJamaica wrote:
@CreditGuy03 wrote:So is it better to have 90% on one card or spread it out among 10 cards?
A balance on 10 cards sounds worse than 90% on one.
Much better to spread it around
How much better? 
@yoyo wrote:Hello,
I have the subscription for the Fico monitoring for all reports.
I do get an update from all bureaus for my utilization. I believe
that Fico looks at all accounts not just one card.
So let's say you have 20 % utilization on 9 cards and 99% utilization on 1...this would not hurt your score.
It's a combo of all cards...Store cards rate differently..
I don't think store cards are used for available credit and utilization because they are considered loans...
Store cards are revolving tradelines: they are not counted as loans.
FICO looks at both individual tradeline utilization, aggregate tradeline utilization, and numbers of cards with balances when it comes to the revolving utilization calculation.
@Revelate wrote:
@yoyo wrote:Hello,
I have the subscription for the Fico monitoring for all reports.
I do get an update from all bureaus for my utilization. I believe
that Fico looks at all accounts not just one card.
So let's say you have 20 % utilization on 9 cards and 99% utilization on 1...this would not hurt your score.
It's a combo of all cards...Store cards rate differently..
I don't think store cards are used for available credit and utilization because they are considered loans...
Store cards are revolving tradelines: they are not counted as loans.
FICO looks at both individual tradeline utilization, aggregate tradeline utilization, and numbers of cards with balances when it comes to the revolving utilization calculation.
I think my experience this year confirms this point. Aggregate utilization is coming down rapidly, but still relatively high, all cards continue to report balances, but I had several cards which were over 50% utilization as late as April reports to bureaus, and even higher utilization up to 70% in December. In February, two substantial cards ($5k and $7k balances) plus an $8k LOC that were over 50% utilization. In May, nothing individually was over 50% anymore, as those cards started reporting their May amounts.
Scores in Feb: EQ 694-698 TU 707-713 EX 724-722 total open CC: 33k
Scores in May: EQ 716-714 TU 720-727 EX 727-724 Total open CC: $27k
So, at this point, total Utilization approaches 20%, but each card and LOC are less than 50%. INQ are a bit of a factor, brought the scores down from the October amounts in my siggy. I think this individual utilization change and somewhat the overall utilization change was the significant factor recently.
End of June: EQ 750 TU 777 EX 764 total open CC: headed toward $25k
@NRB525 wrote:
@Revelate wrote:
@yoyo wrote:Hello,
I have the subscription for the Fico monitoring for all reports.
I do get an update from all bureaus for my utilization. I believe
that Fico looks at all accounts not just one card.
So let's say you have 20 % utilization on 9 cards and 99% utilization on 1...this would not hurt your score.
It's a combo of all cards...Store cards rate differently..
I don't think store cards are used for available credit and utilization because they are considered loans...
Store cards are revolving tradelines: they are not counted as loans.
FICO looks at both individual tradeline utilization, aggregate tradeline utilization, and numbers of cards with balances when it comes to the revolving utilization calculation.
I think my experience this year confirms this point. Aggregate utilization is coming down rapidly, but still relatively high, all cards continue to report balances, but I had several cards which were over 50% utilization as late as April reports to bureaus, and even higher utilization up to 70% in December. In February, two substantial cards ($5k and $7k balances) plus an $8k LOC that were over 50% utilization. In May, nothing individually was over 50% anymore, as those cards started reporting their May amounts.
Scores in Feb: EQ 694-698 TU 707-713 EX 724-722 total open CC: 33k
Scores in May: EQ 716-714 TU 720-727 EX 727-724 Total open CC: $27k
So, at this point, total Utilization approaches 20%, but each card and LOC are less than 50%. INQ are a bit of a factor, brought the scores down from the October amounts in my siggy. I think this individual utilization change and somewhat the overall utilization change was the significant factor recently.
End of June: EQ 750 TU 777 EX 764 total open CC: headed toward $25k
We've long since held there's a maxxed out card penalty around 80 or 90%, but by the time people get to the point of FICO minutiae on this forum their CL's are typically non-trivial to max.
Since I will have virtually no use for my report for the next two years post mortgage app spree, think may just open a minimum limit secured card somewhere (probably SDFCU) and then play with the balances a little bit to see if I can figure that out at least for FICO 8 at any rate.
@Kforce wrote:Have a real Fico 850 with 1 card report < 1% utilty.
Drops to 845 from 3 cards reporting 1% utility each.
Drops to 840 with all cards reporting 0 balance.
Drops to 835 from one card with 85% utility, and one with < 1% utilty.
Which bureau, which score version, and how many revolving tradelines?
@Revelate wrote:
@NRB525 wrote:
@Revelate wrote:
@yoyo wrote:Hello,
I have the subscription for the Fico monitoring for all reports.
I do get an update from all bureaus for my utilization. I believe
that Fico looks at all accounts not just one card.
So let's say you have 20 % utilization on 9 cards and 99% utilization on 1...this would not hurt your score.
It's a combo of all cards...Store cards rate differently..
I don't think store cards are used for available credit and utilization because they are considered loans...
Store cards are revolving tradelines: they are not counted as loans.
FICO looks at both individual tradeline utilization, aggregate tradeline utilization, and numbers of cards with balances when it comes to the revolving utilization calculation.
I think my experience this year confirms this point. Aggregate utilization is coming down rapidly, but still relatively high, all cards continue to report balances, but I had several cards which were over 50% utilization as late as April reports to bureaus, and even higher utilization up to 70% in December. In February, two substantial cards ($5k and $7k balances) plus an $8k LOC that were over 50% utilization. In May, nothing individually was over 50% anymore, as those cards started reporting their May amounts.
Scores in Feb: EQ 694-698 TU 707-713 EX 724-722 total open CC: 33k
Scores in May: EQ 716-714 TU 720-727 EX 727-724 Total open CC: $27k
So, at this point, total Utilization approaches 20%, but each card and LOC are less than 50%. INQ are a bit of a factor, brought the scores down from the October amounts in my siggy. I think this individual utilization change and somewhat the overall utilization change was the significant factor recently.
End of June: EQ 750 TU 777 EX 764 total open CC: headed toward $25k
We've long since held there's a maxxed out card penalty around 80 or 90%, but by the time people get to the point of FICO minutiae on this forum their CL's are typically non-trivial to max.
Since I will have virtually no use for my report for the next two years post mortgage app spree, think may just open a minimum limit secured card somewhere (probably SDFCU) and then play with the balances a little bit to see if I can figure that out at least for FICO 8 at any rate.
I'll stick with the 90% for max out threshold for individual card utilization that Experian uses.
I personally saw no Fico 08 score drop associated with 52% ($2102/$4000) and 75% ($3011/$4000) utilization on a single card but, that's just my profile.
Aggregate utilization is a stronger factor than individual utilization. My take is individual card utilization impact on score becomes negligable below 50% for most profiles except as it relates to # cards with positive balances. On the other hand, aggregate utilization continues to impact score down to the 9% level at least. For thin files a moderate utilization on a single card (30% to 50%) may substantially impact aggregate utilization and this tends to confound the Fico algorithm response. Of course, NRB525's file with over 20 open cards is not thin.