Just want to add a DP for how a single maxed out card affected a thick/mature/clean file.
In March, I opened 0% financing on a sleep number bed. I wasn't aware at the time but it was a Synchrony CC. They gave me a $10,500 limit which made the card 95% maxed out. I had not had any new revolver in over a year.
My EX Fico8 dropped from 815 to 785 but that was for adding an inquiry, adding a new revolver and of course adding a maxed out card.
My score had rebounded some to 795 last month despite adding 3 new cards during that time. Learning about how bad maxed cards can affect your credit I had Synchrony increase my limit to $20k.
Today my increase reported and my EX score increased from 795 to 810. My single card utilization is now 48% and overall at 6%.
If anyone would like any other info, please ask.
7/22/21: EQ reported the new increased credit line and I saw a 24 point increase from 781 to 805.
