@Anonymous wrote:I decided to not pay down my Rewards+ before the statement cuts. It will report around $1050 out of $1900 when it shows up presumably when my first cycle closes on the 10th and then I'll make a $300 payment in November.
This is going to be the highest percentage I have let a card report since my BK. I am trying to relax and stop micromanaging balances so much and it would be better for me to send the money towards my NFCU card since that's actually charging me interest (it's not much, about $7 a month but that's still money out the window) while the Rewards+ has 0% but when you get in the habit of score optimization, it's a really hard habit to break.
Those of you who have also optimized your score for a while... how do you get yourself comfortable with letting things report organically? It's got me all kinds of stressed thinking about a card at 55%!
On 9/20/19, I let my BofA Cash Rewards card report a $36,700 balance out of a $85,000 credit limit for a 43% individual utilization. EX fell 15 points, TU 19 points, and EQ 1 point. Then something unanticipated happened; my Citi DC+ for some reason had not reported in August and showed a $1,800 balance when in reality it had been paid off. The DC+ card eventually reported the zero balance on 9/22 and EX rebounded 8 points, TU 7 points, and Equifax simply shrugged and showed no reaction. So the net loss for such a large balance was EX 7 points, TU 12 points, and and EQ 1.
Since I don't intend to apply for anything in the foreseeable future I'm not too bothered by what turned out to be negligible losses on my scores. I did apply and was approved for the BofA Premium Rewards card on 9/30 and was given a starting limit of $21,000. Unfortunately they took $15K of that limit from my Cash Rewards card so next month the individual utilization will be higher since the limit was reduced to $70K.
@Anonymous wrote:
@Anonymous wrote:I decided to not pay down my Rewards+ before the statement cuts. It will report around $1050 out of $1900 when it shows up presumably when my first cycle closes on the 10th and then I'll make a $300 payment in November.
This is going to be the highest percentage I have let a card report since my BK. I am trying to relax and stop micromanaging balances so much and it would be better for me to send the money towards my NFCU card since that's actually charging me interest (it's not much, about $7 a month but that's still money out the window) while the Rewards+ has 0% but when you get in the habit of score optimization, it's a really hard habit to break.
Those of you who have also optimized your score for a while... how do you get yourself comfortable with letting things report organically? It's got me all kinds of stressed thinking about a card at 55%!
On 9/20/19, I let my BofA Cash Rewards card report a $36,700 balance out of a $85,000 credit limit for a 43% individual utilization. EX fell 15 points, TU 19 points, and EQ 1 point. Then something unanticipated happened; my Citi DC+ for some reason had not reported in August and showed a $1,800 balance when in reality it had been paid off. The DC+ card eventually reported the zero balance on 9/22 and EX rebounded 8 points, TU 7 points, and Equifax simply shrugged and showed no reaction. So the net loss for such a large balance was EX 7 points, TU 12 points, and and EQ 1.
Since I don't intend to apply for anything in the foreseeable future I'm not too bothered by what turned out to be negligible losses on my scores. I did apply and was approved for the BofA Premium Rewards card on 9/30 and was given a starting limit of $21,000. Unfortunately they took $15K of that limit from my Cash Rewards card so next month the individual utilization will be higher since the limit was reduced to $70K.
I'll be crossing a second threshold but it's good to see a baseline. I actually don't know what to expect with my scorecard assignment. With my BK, I don't know what impact that has on scoring for utilization.
I couldn't even imagine having credit cards normally in the five digits for balances. It's wild to think about.
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:I decided to not pay down my Rewards+ before the statement cuts. It will report around $1050 out of $1900 when it shows up presumably when my first cycle closes on the 10th and then I'll make a $300 payment in November.
This is going to be the highest percentage I have let a card report since my BK. I am trying to relax and stop micromanaging balances so much and it would be better for me to send the money towards my NFCU card since that's actually charging me interest (it's not much, about $7 a month but that's still money out the window) while the Rewards+ has 0% but when you get in the habit of score optimization, it's a really hard habit to break.
Those of you who have also optimized your score for a while... how do you get yourself comfortable with letting things report organically? It's got me all kinds of stressed thinking about a card at 55%!
On 9/20/19, I let my BofA Cash Rewards card report a $36,700 balance out of a $85,000 credit limit for a 43% individual utilization. EX fell 15 points, TU 19 points, and EQ 1 point. Then something unanticipated happened; my Citi DC+ for some reason had not reported in August and showed a $1,800 balance when in reality it had been paid off. The DC+ card eventually reported the zero balance on 9/22 and EX rebounded 8 points, TU 7 points, and Equifax simply shrugged and showed no reaction. So the net loss for such a large balance was EX 7 points, TU 12 points, and and EQ 1.
Since I don't intend to apply for anything in the foreseeable future I'm not too bothered by what turned out to be negligible losses on my scores. I did apply and was approved for the BofA Premium Rewards card on 9/30 and was given a starting limit of $21,000. Unfortunately they took $15K of that limit from my Cash Rewards card so next month the individual utilization will be higher since the limit was reduced to $70K.
I'll be crossing a second threshold but it's good to see a baseline. I actually don't know what to expect with my scorecard assignment. With my BK, I don't know what impact that has on scoring for utilization.
I couldn't even imagine having credit cards normally in the five digits for balances. It's wild to think about.
It's all about scale. I let that happen to my former SPG-turned-Bonvoy card to let it report the high balance and other than a slightly normal than usual point drop nothing really happened. Utilization to both the card and overall made it a blip that made it seem like nothing happened really
And happy b-day over there!
@simplynoir wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:I decided to not pay down my Rewards+ before the statement cuts. It will report around $1050 out of $1900 when it shows up presumably when my first cycle closes on the 10th and then I'll make a $300 payment in November.
This is going to be the highest percentage I have let a card report since my BK. I am trying to relax and stop micromanaging balances so much and it would be better for me to send the money towards my NFCU card since that's actually charging me interest (it's not much, about $7 a month but that's still money out the window) while the Rewards+ has 0% but when you get in the habit of score optimization, it's a really hard habit to break.
Those of you who have also optimized your score for a while... how do you get yourself comfortable with letting things report organically? It's got me all kinds of stressed thinking about a card at 55%!
On 9/20/19, I let my BofA Cash Rewards card report a $36,700 balance out of a $85,000 credit limit for a 43% individual utilization. EX fell 15 points, TU 19 points, and EQ 1 point. Then something unanticipated happened; my Citi DC+ for some reason had not reported in August and showed a $1,800 balance when in reality it had been paid off. The DC+ card eventually reported the zero balance on 9/22 and EX rebounded 8 points, TU 7 points, and Equifax simply shrugged and showed no reaction. So the net loss for such a large balance was EX 7 points, TU 12 points, and and EQ 1.
Since I don't intend to apply for anything in the foreseeable future I'm not too bothered by what turned out to be negligible losses on my scores. I did apply and was approved for the BofA Premium Rewards card on 9/30 and was given a starting limit of $21,000. Unfortunately they took $15K of that limit from my Cash Rewards card so next month the individual utilization will be higher since the limit was reduced to $70K.
I'll be crossing a second threshold but it's good to see a baseline. I actually don't know what to expect with my scorecard assignment. With my BK, I don't know what impact that has on scoring for utilization.
I couldn't even imagine having credit cards normally in the five digits for balances. It's wild to think about.
It's all about scale. I let that happen to my former SPG-turned-Bonvoy card to let it report the high balance and other than a slightly normal than usual point drop nothing really happened. Utilization to both the card and overall made it a blip that made it seem like nothing happened really
And happy b-day over there!
I definitely think my profile can support a temporary bump in utilization without a problem. I wouldn't do this if I didn't. I am actually kind of curious to see what happens with my specific profile. It wouldn't surprise me if there isn't even much of a score penalty either.
Thanks for the birthday wishes! Sorry, my dad called me while I was typing this so I just now got to finish it a half hour later.
I will never be comfortable with the organic approach. If I die suddenly, I want someone to pay my AZEO credit card with the $5 balance 
