Yes... reporting maxed utilization on a single card is a score killer. You'll get those points back once the card reports lowered utilization next month. You could contact BofA and see if they'll do an off cycle report to the bureaus, as a courtesy, so it reports $0 sooner.
Your Amex - is it a charge card? If so, thats why you never saw a decrease in score when reporting high balances. Charged cards don't report a credit limit so there's no way to determine utilization- it is therefore excluded from the utilization metrics but included in the balances owed metrics.
Welcome to the forums!
@Anonymous wrote:So, is this normal? I have a card with a 10k limit and I used it, and put close to 10k on it, and paid it off, like I do all my cards each month, but I didn't time it well, and before my payment was recorded, the 10k balance was reported and my scores dropped by 38 points! For just using the card. Will it all bounce back when they see it is actually a zero balance?
Yes
Oddly, my American Express charges never seem to be reported, and I spent at least 40-50k on them each month, which I also pay off each month--it's advertising for my business. Puzzled why the BankofAmerica balance that was there for like two seconds, docked my overall credit so much.
Amex charge cards aren't factored into utilization.
Amex business cards don't appear on your personal report at all.
