The Truth about Credit Card Utilization

[Anonymous]

Did you calculate the percentages on the individual change yourself? is it possible it crossed the 50% threshold? Individually?

[Anonymous]

---

@Anonymous wrote:
Did you calculate the percentages on the individual change yourself? is it possible it crossed the 50% threshold? Individually?

---

Individual UTI Change

Oct 28 $4451/9500 46%

Oct 29 $4298/9500 45%

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:
Did you calculate the percentages on the individual change yourself? is it possible it crossed the 50% threshold? Individually?

---

Individual UTI Change

Oct 28 $4451/9500 46%

Oct 29 $4298/9500 45%

---

@Anonymous OK we know it wasn't aggregate utilization because that stayed at 40%. we know it wasn't individual because that's a crazy number. I've only got one thing left that I can think of.

Separate the Amazon retail account and calculate aggregate revolving utilization without it and then give me the changes. 

[Anonymous]

@Anonymous 

Amazon Synchrony $0/$5k UTI
Removing this from agg UTI-

Oct28 45.3%
Oct29 44.8%

39.39% would be rounded up then to 40% for aggregate UTI?

[Anonymous]

---

@Anonymous wrote:

@Anonymous 

-CreditCheckTotal (Experian)

-Confirmed squeaky clean profile

-2 open Installment Accounts, 2 closed Installment Accounts

-No AU's

-2 new accounts in the last 2 years (Revolving and Installment) Both opened Aug 2020

- Inquiries are 2 TU, 1 EQ, 0 EX. All within the last 6 months.

-Cap1 QS $9500 CL, USBank REI $9000 CL

 Highest UTI- USBank REI $7442/$9000 82%

 Citi Diamond Preffered  $2978/$4460 66%

3 other cards with balances below 50%

Again, the USBank should update in the next couple of days at $1452/$9000 @16% UTI. This will cross a few individual thresholds. Aggregate will be down to 25%. Expecting to be close to 740 at that point. 

---

@Anonymous Thanks. A lot. That helps me to better understand your situation.

USB 82%->16% should give you a nice boost. Knocking Citi to below 39% (Sorry, I know I am spending another 1000 of your money) will help as well. High individual card UT hurts. I recently lost 25-27 points for a large CC purchase; got all points back when paid down.

An idea:  If you have not yet paid USB, a 5K payment to them would leave you 1K for Citi. Same 6K spent differently.  

Many ideas are not worth the TP on which they are written. What makes an idea a good idea worth acting on is understanding thinking through your realities, objectives and situation: interest rates, minimum payments, etc.  

What I do know is spending discipline results in low UT, and that does nice things for your score. 

Good luck.

[Anonymous]

---

@Anonymous wrote:

@Anonymous 

Amazon Synchrony $0/$5k UTI
Removing this from agg UTI-

Oct28 45.3%
Oct29 44.8%

39.39% would be rounded up then to 40% for aggregate UTI?

---

@Anonymous no I apologize. I was referencing the number without BECU. Standard midpoint rounding is used so .5 or higher goes to the next integer anything less than .5 rounds down. We're not sure if ages are calculated that way though.  

I have no explanation unless it's a balance threshold or a odd utilization threshold thats just unknown or unless something else changed on your report have you went line by line?

[Anonymous]

@Anonymous 

As far as I can see having gone over the reports numerous times the utilization was the only change. 

@Anonymous 

Thanks, the decision on the USBank was more APR driven. (22.9% vs 13.6% on the Citi DP). Plan on having the Citi DP down to under 49% next statement. December goal is to app for a 2nd NFCU Platinum and BECU Visa to BT the remaining balances at 0%.

12 months ago my aggregate UTI was at 80%. Should be up over 100 points from last November all said and done.

[Anonymous]

---

@Anonymous wrote:

@Anonymous 

As far as I can see having gone over the reports numerous times the utilization was the only change.

---

@Anonymous is it possible an inquiry became unscorable or an account dropped off? Because if not, that's all I got! We'll just have to see if anyone else can find that threshold, it may be a previously undiscovered one. 

[Anonymous]

@Anonymous 

The only inquiries I've had in the last 2 years were in July and August this year. I had one inquiry in TU age to 24 months and disappear in Sept. 

All closed accounts are accounted for and have only been closed at the most 3 years.

[Anonymous]

@Anonymous what day did you receive the points, do you know? Was it on the first? couldn't of been a crazy aging metric?