I honestly wasn't expecting THAT much of a drop! My fiance had about $5300 on his Discover and since his 0% promo was coming to an end, we decided to transfer it to my PenFed card that had a 0% balance transfer promo. My overall utilization before the balance transfer was 4% and after it's now 15%. The card is now $6,000/$16,000. There were no other changes to my report, and I do have a lot of cards with balances (although very very small ones since I don't care about the AZEO method right now). I did get 2 points back yesterday, but I don't know why. I'm waiting for my CLI's to show on my report, which should help with the overall utilization %.
Just wanted to share a few DP's with you guys. If you want more info, just ask.
@Anonymous wrote:I think that's a perfectly reasonable and almost expected drop for crossing the 8.9% aggregate threshold. I wouldn't expect any less than 10 and probably no more than 20, so your 15 falls right in there. Also you went to 38% utilization on that single card, a factor that based on profile could be impacting your score another (say) 3-4 points.
Good to know! I was expecting about 7-10 points. We're going to pay it down in 6 months, so I'm not sweating the points right now. I'll get them back eventually!