Utilization

[Anonymous]

Sarge, are you sure that CCCs can't make money simply off of swipe/transaction fees?  While I would think it's not a significant amount, I would still think they'd make something.  Perhaps not on a high CB card that's used to it's max rewards wise, like a Transactor that only ever uses a Discover card or Chase Freedom for the 5% categories, for example. 

I'd imagine that just off of swipe/transaction fees that CCCs would still land slightly in the green with the majority of Transactors.  That being said, being that this group of people presents nearly no risk [relative to revolvers] I don't think it's that big of a deal that CCCs make very little off of these people.  I don't know of any numbers here to back up what I'm saying, so if you have any sort of data on these things such as percentages for transaction fees and such it would be cool to hear.

[Anonymous]

I can't cut and paste so I'll write verbatim What the alert on myfico.com says:

05/17/2018

The total balance on all your bankcard accounts(s) has increased by $11. This charge applies to the sum of all bankcard balances. 818 down 5 points.

05/17/2018

The balance on one of your accounts increased 100%

So this was taken directly from the alerts on myfico.com and this is not the first time it's happened. Not that it really matters to me, I only monitor my credit for fraud purposes but this makes no sense whatsoever.  Sorry that you doubt me but what I say is true!

[Anonymous]

No one is doubting you.  The alert that you received simply has nothing to do with your score change.  This happens all the time and is a common misunderstanding possessed by myFICO membership holders.

You receive an alert any time an alertable event takes place.  A balance increasing can be (and is) an alertable event.  At the time you receive an alert, a new score is provided to you.  That score many times has already been impacted by other (non alertable) events, but since they weren't alertable you weren't provided with a new score sooner. 

The $11 balance change had no impact at all on your score.

[sarge12]

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@Anonymous wrote:

No one is doubting you.  The alert that you received simply has nothing to do with your score change.  This happens all the time and is a common misunderstanding possessed by myFICO membership holders.

You receive an alert any time an alertable event takes place.  A balance increasing can be (and is) an alertable event.  At the time you receive an alert, a new score is provided to you.  That score many times has already been impacted by other (non alertable) events, but since they weren't alertable you weren't provided with a new score sooner. 

The $11 balance change had no impact at all on your score.

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BBS...I wish Myfico would put in big bold letters...This new credit score is being provided but may not be related to the event that triggered the alert. Seems like more posts are made about this than anything, which should be expected when they put the alert and a new score on the line with the alert report. It could easily cause someone to wrongly assume that paying down a balance will lower their score, just because the lowered balance alert also shows a lowered score at the same time. I wonder if a significant number of people carry balances because they actually think it helps their fico scores.