Hey folks. I've already seen this answered a few various places after Googling, but I figured it couldn't hurt to get some confirmation here.
So, I generally run between 4-9% utilization by the time my CC statements close. Right now, the utilization on one card is pretty high (~80%) with the statement closing in four days. (Total utilization is a little over 50%.) I could conceivably get it down below 30% by that date, but it would really put a squeeze on my available cash for a couple of weeks. I don't have anything I'm planning on applying for for at least a few months, so I'm not terribly concerned about my score dropping this month due to high utilization, but what I need to know is whether or not I'll be able to recover all of those lost points quickly once I get utilization back down to my usual level, or if some of those points are lost forever (or if it'll be a slow process to get them back).
Googling suggests that they'll all come back quickly, so I'm leaning toward not stressing too much to get utilization below 30% by the time the statement closes.
