Paying down 1 card, impact

Anonymous · ‎09-12-2020

Hi! So according to FICO my overall utilization is 3%. However I have one card at 77% (the limit is only $500). Is it worth paying this one down to 3%? Trying to get as many points as I can at the moment. TIA!

SouthJamaica · ‎09-13-2020

@Anonymous wrote:
Hi! So according to FICO my overall utilization is 3%. However I have one card at 77% (the limit is only $500). Is it worth paying this one down to 3%? Trying to get as many points as I can at the moment. TIA!

Paying it down to 28% will get you points.

Unify FCU Platinum Visa Variable Rate 35k

TD Bank Business Solutions Visa (Bus) 25k

FNBO Evergreen Business Edition Visa (Bus) 20k

Liberty (formerly Evansville Teachers) FCU Platinum Prime Plus MC 15k

US Bank Triple Cash Rewards Visa (Bus) 12k

Geo-fenced credit union Platinum Visa 10500

Members 1st FCU Low Rate Platinum Visa 5k

PLOC: Langley FCU 40k; Penfed CU 15k; NFCU 15k; Teachers FCU 15k; Affinity FCU 10k. BLOC: NFCU 5k

Total revolving limits 569520 (505320 reporting) FICO 8: EQ 689 TU 691 EX 682

Anonymous · ‎09-13-2020

Do any of your other CCs have reported balances currently? If you have at least 1 other that has a non-zero balance reported, pay off your 77% utilization / $500 CL card to $0 and when it reports you'll see a score increase. If it is your only card with a balance, pay it down to somewhere in the $5-$45 range and you'll see the same amount of points come your way once it reports.

Anonymous · ‎09-13-2020

Thank you!