Large drop in score because of large purchases with credit cards.

[Anonymous]

I had 2 cards with low limits $200 and $300 limits almost maxed for 3 days than paid them off. My scores dropped 47 points because of that. They were not past do or close to the due date. Will my scores take long to go back up?

[AllZero]

Once individual and aggregate reported utilization is reduced, you will gain points. If not credit seeking, no need to optimize your credit report.

Optimized reporting

1-9% aggregate

1-29% individual

I would recommend reading the below from ABCD2199
The Truth about Credit Card Utilization
My 11 Rules to Credit Rebuilding
FICO Score: What to pay down first?

From Birdman7
General Scoring Primer and Version 8 Master Thread rev.5.17.20

[blindambition]

Lenders sometimes report large purchases. You'll get points back when paid. Did you check bureau report, or Credit Karma? If CK, don't pay any attention.

[SouthJamaica]

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@Anonymous wrote:

I had 2 cards with low limits $200 and $300 limits almost maxed for 3 days than paid them off. My scores dropped 47 points because of that. They were not past do or close to the due date. Will my scores take long to go back up?

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If you lost points just because the statement balances were high, and they have since been paid off, as soon as your new balances are reported your scores will be the way they were before, as if nothing had happened.

[Anonymous]

Whether or not the score drop the OP took from maxed out low limit cards "matters" really depends on his profile, which we don't know enough about.  If he's got a solid profile with perfect payment history and scores in the 750-775 range for example, temporarily losing 50 points because of reported balances probably doesn't mean much.  On the other hand, if he's got a profile with late payments present and scores in the 650-675 range, losing 50 points from maxed out reported balances IMO wouldn't be a good thing.  When coupled with sub-par payment history, maxed out accounts can cause red flags during account reviews.  Just something to keep an eye on. 

OP, with those low limit cards you may want to try one of two things.  One, depending on what the cards are and what their CLI "rules" are, perhaps go for SP CLIs.  If you're reporting maxed out balances and paying them off it gives your lenders a great reason to bump up those limits, which will in turn help your scores to not drop so much from similar reported balances next time.  Two, if CLIs are not in the cards perhaps consider an extra payment each cycle... one maybe 3-4 days before your statement period ends where you can take the balance down to $100 or less, then pay off the rest after the statement cuts.