The best spot for the most points is less than 8.9% for 1 card, and for all cards is the same. you'll see jumps as you pay it down.. These are the thrresholds to pass to get a bump. <89, <69, <49, <29, <9% are the %'s. As you drop your util you'll see score bumps up. Pass one of the %'s down it goes. Welcome to the forums.
@Anonymous wrote:
I have one more card I’m paying off this week (navy federal credit union). Currently it’s at like 98% utilization. I know no one can really give me an exact answer on how much my score will increase, but what should my utilization be to see a big increase? The card limit in $700. If I bring it down from 98% to roughly 14% will that give me a good increase? If one month my utilization is 14% then the next month goes up to 20% (but always below 30%), will that decrease my score?? I was at 637 a couple of months ago, forgot about a Kohl’s card I shredded that had a small balance. That brought me down about 30+ points when it reported 30 days late. I paid the balance and Kohl’s removed two old lates and my score jumped back up to 600. I’d like to be able to get at least a 640 by end of year. Is that possible? All my other cards are now paid off, this will be the only one I’m letting report a balance.
It's best to make sure that no individual card is higher than 28%, and it's best to have your overall revolving utilization below 9% (and even better for it to be below 6%).
