@Thomas_Thumb wrote:
@Revelate wrote:Had spending and therefore bonuses to chase, paid off the Freedom:
Equifax FICO 8: identical increase $875/1000 -> $0 gain of 4 points, to what I lost earlier.
Revelate ... is it reasonable to conclude your Fico 8 score was mildly affected (4 points) by allowing one card to show 87.5% utilization? Also, I recall you referencing another situation where a card reported something like 67% with no impact on Fico 8 - please confirm.
Trying to piece together a threshold here based on your data and my own. Take a look at the below and let me know your thoughts:
1) Individual card UT of 51% - no score change (TT data)
2) Individual card UT of 67% - no score change (Rev post)
3) Individual card UT of 80.1% - no score change (TT data)
4) Individual card UT of 87.5% - minor score change (Rev data)
* Possible threshold at 85%? Not really seeing anything to support a Fico 8 score shift associated with individual card UTs at 30% or 50% thresholds.
I'll have to go back to confirm the datapoint but that's what I recall, 66% IIRC.
Also got the points back identically on TU 08 (-5 then +5), think it's reasonable to assume at least for my dirty file and we are absolutely in different buckets that the single card on FICO 8 at 87.5 while having a low aggregate is minor. That might change with your clean sheet though I wouldn't think so, I think utilization metrics are fixed regardless of credit bucket.
I have some screenshots from a relative's CKarma and Citi Bankcard score. It shows the effects of 99% (14% aggregated) and 92% (13% aggregated) utilization (CK points taken usually a couple of days after the scores from Citi were calculated). I know they are no 'pure' FICOs, but I thought it might be interesting nonetheless.
Update: I was also able to see EX from Amex, 710/June, 732/July.
Citi scores tracker
CK util for June
CK util for July
I think it's a lower percentage level per card utilization percentage, and is also influenced by dollar amount of the change. Here's my recent run.
The two secured cards of $500 each have added toy BT, increasing their utilization, each to just over 60%.
Delta AMEX went from $630 to $3k, just under 25% utilization.
Since early July, three card inquiries: Venture 3HP, Citi AAdvantage EQ+EX, AMEX SPG, EX only. Venture and Citi have reported in here, SPG not yet.
This is the sequence of score changes on the three bureaus. This is excluding the regular pay down of other balances, and any other activity, all of which had no score change triggered. Said another way, all score changes are listed. As always, this is with 16-17 TU Open Reporting Cards (and 2 closed CC, 1 Revolving LOC, not a term loan, excludes Diners hidden).
Note also that TU has changed the Lead Reason in their periodic "Factors Affecting Your Score" alerts. The lead item used to be "too many accounts with balances", then shifts to "Amounts Owed" after Venture shows up, then lately Proportion of Balances too high after two cards are reporting more than 60%. There's pretty much the same list of 4 in the Reasons, but they change position depending on what is most urgent to address.
This is the sequence of the TU "FICO Reasons" alerts.
In June, I reached the point where the very last of the indvidual accounts all crossed below 50% utilization. Until then, the lead reason was "Proportion of Balances to Limits is too high'.
After that, the lead reason shifs to "Too many accounts with balances" (15-17), until amounts start to climb again with spend bonus reports, then the two $500 limit cards both go over 50% and the "Proportion of Balances too high" comes back.
