Effect of maxed out card on FICO score

[Anonymous]

I don't buy what that chart says.  In general it should show "steps" sort of like the flat-lined portion between 30% and 49%, for example.  From 9% to 30% or so it suggests a directly proportional relationship between increased utiliation and score drop; it's saying that at 20% overall utilization one's score would be exactly between what their score would be at 10% and 30%, which definitely isn't true.  

[Kforce]

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@Anonymous wrote:

I don't buy what that chart says.  In general it should show "steps" sort of like the flat-lined portion between 30% and 49%, for example.  From 9% to 30% or so it suggests a directly proportional relationship between increased utiliation and score drop; it's saying that at 20% overall utilization one's score would be exactly between what their score would be at 10% and 30%, which definitely isn't true.  

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You should make and post a "BBS Utilization Chart" for me to save.

Next year I can post it and have others complain that it is not accurate.

*

No one can tell with accuracy &

you will have the number when it reports.

I eBet $100 on 23 point loss.

[Anonymous]

Nah, that's not necessary.  A chart though suggesting continuous breakpoints between 10% and 30% aggregate utilization I can assure you isn't accurate based on the hundreds of data points provided by members of this forum over the years.

[Revelate]

That chart was actually made for illustration purposes, not exact IIRC.

I haven't tested much in the way of revolving utilization anytime recently, but when I was playing stupid tricks with Discover in a dirty scorecard on FICO 8 the maxxed out card was worth -7... so figure 10-15 points on a clean scorecard.

I've also been above 10% aggregate but this was a long time ago on EQ FICO 5 when we had the scorewatch product, also dirty, also ballpark -7 (it was conflated with an individual 97% datapoint)... so I think likely a 20-30 range is accurate for this one.  Not something to really worry about from 800 but I'd be curious to get the datapoint.

Most revolving utilization changes over time aren't incredibly well tracked, if I had a brand spanking new file to play with I'd try some things for giggles but short of asking for a CLD on a bunch of stuff I can't materially move the needle on my aggregate anymore and even individual is a little awkward now.

[Thomas_Thumb]

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@Kforce wrote:

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@Anonymous wrote:

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@Kforce wrote:
Wide range possible, between 20-90 points.

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Where are you pulling that 90 point ceiling from?  90 points is what one may expect in going from ideal to maxed out aggregate utilization.  That's not the case with the OP, who is only moving across 1 aggregate utilization threshold, 8.9%. 

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I was looking at a chart that I saved from this forum on an old post.

It was just a picture with no info as to aggregate or single card.

You are probably correct, most likely aggregate

Regardless the score loss, it will rebound.

OP will know soon enough

The chart:

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That chart above is for a single card profile where individual utilization = aggregate utilization. The percentages were presented as actual data points. How one chooses to connect the points is an interpretation. Actual data points were 9%, 19%, 30%, 41%, 49%, 55% and 80%. The score of 710 is at 80% utilization. An 80 point drop going from less than 9% UT to 80% UT is reasonable for such a profile. 

If a profile has multiple cards then maxing out one card (over 89% UT) would likely be around 30 points if aggregate does not rise above 29% and perhaps no more than 15 points if aggregate is kept below 9%

[NRB525]

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@Anonymous wrote:
So my current average score is 805.
All of my 11cc are 0 balance or a few dollars.
I recently opened a new account for a BT offer. And it will be at 95percent
While it is at 0apr.
Overall utilization over all cards will be 18 percent with this new balance
How much of a hit should I expect to my scores with a new account, maxed card, and higher utilization.
I've never asked for cli on my cards, which I will start doing now to bring utilization down
Which company's give SP cli, and how often can I ask, I have a Citi, Amex, Barclays,chase discover, Sam's club, Walmart, Macy's, belk, Kohl's, VS, cap1.
Any advice would be useful,

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OP how much is this new card credit limit?

If all cards are already at low balances, how is this new card going to take on 95% utilization?

What are you funding / paying off to get the new card to 95%?

[Anonymous]

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@Revelate wrote:

That chart was actually made for illustration purposes, not exact IIRC.

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I'm quite sure you're correct and that is indeed the case, but that being said it's really just a bad chart.  Just poorly depicted by whoever made it, really.  There should be no significant difference illustration wise between 10% and 30% verses between 30% and 50% in terms of construction, but when looking at the chart it suggests something very different (which is not the case).