Question regarding Util (thin, young profile)

[Anonymous]

Congratulations on your CLI! 👍

[Anonymous]

@AllZero That’s why the scorecard matters. There is no one-size-fits-all or we would’ve figured this out a decade ago. 😉

Anytime it’s a thin card, count on things being magnified. A young Card magnifies it a little, not as much as a thin, although I think it dampers down after two years of revolving history. (My guess).

Also a new account or new credit scorecard will also cause a little bit increased risk and therefore increased point loss/gain.

Last but not least, the absence of a loan on record can also cause more reactivity.

[Anonymous]

CongratulationS on your point gains and your CLI!

[AllZero]

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@Anonymous wrote:
@AllZeroThat’s why the scorecard matters. There is no one-size-fits-all or we would’ve figured this out a decade ago. 😉

Anytime it’s a thin card, count on things being magnified. A young Card magnifies it a little, not as much as a thin, although I think it dampers down after two years of revolving history. (My guess).

Also a new account or new credit scorecard will also cause a little bit increased risk and therefore increased point loss/gain.

Last but not least, the absence of a loan on record can also cause more reactivity.

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I agree. Thank you for your insight.

[AllZero]

@Anonymous.  When you got the 39 point increase, was the AU card still on your report or was it removed?

[Anonymous]

The AU Chase card was already off my report. Once that was removed I gained 24 points, then once my capital one reported I got another 39 points. 

[Anonymous]

Congratulations you did very well.

[Anonymous]

Remember more points when you go under 29% aggregate revolving utilization and then even more points when you go under 9% and 4%.