Utilization Question

[RobertK]

that's brutal 

same thing happened to me once with a newly opened discover card

received the thing in the mail and went out and made a purchase same day and about 5 days later i got the first statement with balance for the one charge (already reported) with due date one month later 

[Anonymous]

@Brian_Earl_Spilner thanks for the page, always grateful for the DPs! Actually, @Anonymous found the 5% threshold which may only exist on young or thin profiles. However @RobertK , there are also balance Thresholds which could be the cause.

[Horseshoez]

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@Anonymous wrote:

@Brian_Earl_Spilner thanks for the page, always grateful for the DPs! Actually, @Anonymous found the 5% threshold which may only exist on young or thin profiles. However OP, there are also balance Thresholds which could be the cause.

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Interesting, that would effectively describe my profile when I got the 1 point ding when my utilization went from 2% to 7%; I only had two credit cards at the time and had yet to open my SSL (which will happen next week).

[Anonymous]

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@Anonymous wrote:

@Brian_Earl_Spilner thanks for the page, always grateful for the DPs! Actually, @Anonymous found the 5% threshold which may only exist on young or thin profiles. However OP, there are also balance Thresholds which could be the cause.

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That 5% threshold is now one of the most concrete things I have found. And I'm about to hit it again with the same expected loss of points as the other 9 times. Link to post tracking these.

I'm at $1240/3% right now before my 4th and final card reports $759 this month. (Space:$1999!)

That will take me to 5% and I'll lose around 3-6 points on EQ/TU/EX 8, so it's not much really. The interesting thing is that it's still happening at AoOA 3yrs 4mo (AoORA 2yrs 4mo).

[Anonymous]

I retract that about young or thin profiles. 

[SouthJamaica]

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@Anonymous wrote:

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@Anonymous wrote:

@Brian_Earl_Spilner thanks for the page, always grateful for the DPs! Actually, @Anonymous found the 5% threshold which may only exist on young or thin profiles. However OP, there are also balance Thresholds which could be the cause.

---

That 5% threshold is now one of the most concrete things I have found. And I'm about to hit it again with the same expected loss of points as the other 9 times. Link to post tracking these.

I'm at $1240/3% right now before my 4th and final card reports $759 this month. (Space:$1999!)

That will take me to 5% and I'll lose around 3-6 points on EQ/TU/EX 8, so it's not much really. The interesting thing is that it's still happening at AoOA 3yrs 4mo (AoORA 2yrs 4mo).

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My suggestion is that instead of jumping from 3% to 5%, go from 3% to 4% to 5% to 6% to 7% to 8%. If you do that it may disprove your theory that there is something especially meaningful about 5%, and prove my theory that it's more of a spectrum than a series of bumps and grinds.

[Anonymous]

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@SouthJamaica wrote:

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@Anonymous wrote:

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@Anonymous wrote:

@Brian_Earl_Spilner thanks for the page, always grateful for the DPs! Actually, @Anonymous found the 5% threshold which may only exist on young or thin profiles. However OP, there are also balance Thresholds which could be the cause.

---

That 5% threshold is now one of the most concrete things I have found. And I'm about to hit it again with the same expected loss of points as the other 9 times. Link to post tracking these.

I'm at $1240/3% right now before my 4th and final card reports $759 this month. (Space:$1999!)

That will take me to 5% and I'll lose around 3-6 points on EQ/TU/EX 8, so it's not much really. The interesting thing is that it's still happening at AoOA 3yrs 4mo (AoORA 2yrs 4mo).

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My suggestion is that instead of jumping from 3% to 5%, go from 3% to 4% to 5% to 6% to 7% to 8%. If you do that it may disprove your theory that there is something especially meaningful about 5%, and prove my theory that it's more of a spectrum than a series of bumps and grinds.

I already did all that. Some of that is explained in my 4/5% threshold post. I've been through them all in the first 2 years of having credit cards.

Only the 5% threshold does anything. 6,7,8 and 9 don't do anything on the 8s up to where I am now - 3yr 4mo AoOA.