@Anonymous wrote:I currently have 2 cc. one cc I just paid off and will report on the 12th totally paid off and the second one has a $1069.49 balance and I have to make a payment by the 13th and that will report by the 17th. So at the beginning of this month (Feb.) my utilization was 89.25% after this weekend it will go down to 65.6%. So now my question is how much should I pay (without going broke) for this second card. If I pay $300 my util. will be 47.2%, if I pay $500 my utilization will be 35%, and if i pay the max that I could afford this month $600 my utilzation would then be 28.77%.
So heres my question, obviously 28.77% is better than 35% and far better than 47.2% but as far as credit scoring goes whats the general points different between the three? I know utilization and credit score is based on a tier system but what kind of point jumps are between those tiers?
Thanks
There's no cut-in-stone boundaries for the tiers - and it's quite likely that they will and do vary depending on the status of other items in your report.
That being said, folks sometimes report that major score damage starts to happen when you go over 29% utilization.
If it were me (and of course, it's you) 
my call would be to pay the $600 and get it down to 28.77%. It'll feel darn good - and you'll most assuredly see some significant FICO score growth.