Super! Great job on paying down that balance. You'll want to have one of those cards reporting a less than 9% but greater than zero balance for best FICO scores.
I would never worry about a score on creditkarma. When creditkarma goes up, your FICO may go up or stay the same or go down. When creditkarma goes down, your FICO may go up or stay the same or go down. There's no correlation. They can be as much as 100 points off and they can move in any direction. And I would most definitely ignore the advice and the credit reportcards on creditkarma - following FAKO advice from any source can, and will, damage your FICO scores.
I would recommend you pull a score here, so you know where your real FICO score is. It also tells you what is helping and hurting your FICO score (extremely helpful), and has a simulator that helps you know how different actions may impact your score.
Overall utilization of 44% is enough to cause some serious FICO movement - and individual utilization of 88% on that Cap One is a score hit as well. it'll be interesting to see how your real FICO score adjusts to a lower (but not zero) utilization.
I don't recall hearing anything different about Cap One or Target reporting - although folks might chime in on that. I would assume that they follow the common pattern of reporting your balance on the statement date. So just pay attention to what your balance is on that day, keep it below 9% on one card and at 0 on the other. You'll be in good shape!
So, in the end, it is not obtaining two cards that has "killed your score". It is a combination of the following:
Using a FAKO score (they do not correlate with FICO's in range, number, or movement) - they just cause folks grief & stress. 
Opening two new CC's (you gained significant points for the Cap One card; the AAoA coming below 5 may have caused you a slight ding)
Utilization is a powerful FICO score driver. (although, again, we simply don't know what your FICO scores are until you pull them).
Checking your FICO scores and watching your utilization along with number of cards reporting a balance will help you sleep better! 
And congrats for paying your bills on time 100% of the time!
@Anonymous wrote:Thanks for information and the nice welcoming words.
I have 2 credit cards. A target card and a capital one visa card. Unfortunately because I didn't have credit card history the limit on the capital one is $750 ( I am going to try to get that increased) . I am unsure of the limit on the Target card but I will find out. I thought paying in full every month would keep the utilization down but that doesn't seem to be the case. My CC utilization is 44% which isn't hard to do on a card with a $750 balance if they report at some unknown day. Does anyone know when Target and Capital one report their utilization numbers?
I will add that for most cards (including Cap 1; not sure about Target) the balance that is reported on the monthly statement is what is used to calculate utilization for that month so it is important to know what day of the month the card's statement comes out and make sure you get the balance down to the recommended <9% utilization several days before the statement posts. The <9% is what seems to work best for most people but you can play with the percentages over several months to find your particular "sweet spot".
You can use the card as much as you want during the month (making sure of course not to go over the limit) but watch that the balance is where you need it to be before statement time.
Did any of that make sense?? 
Edited for a typo.
From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
