What the what? Paid down $2000 on CC and only 6pt increase

[Caesar89]

Has anyone else had this experience. My $8600 credit card went from reporting $7689 to $5500 and I only got a 6 pt bump? I thought that would atleast give me about 10pts. What has been your experience when laying down credit card balances?

[FireMedic1]

Your still at 55% util and didnt pass the 48 or 28% thresholds. Lower the better. That is if its the only card with a balance too.

[Caesar89]

Thank you for the response. It's not my only one but I didn't account for the thresholds. 

[SouthJamaica]

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@Caesar89 wrote:

Has anyone else had this experience. My $8600 credit card went from reporting $7689 to $5500 and I only got a 6 pt bump? I thought that would atleast give me about 10pts. What has been your experience when laying down credit card balances?

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Yes, everyone has had that experience.

You can't expect big changes from small things.

[Caesar89]

Understood. Thanks for the response! 

Also, how did you get your cards in your wallet to show on your signature?

[cashorcharge]

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@Caesar89 wrote:

Understood. Thanks for the response! 

Also, how did you get your cards in your wallet to show on your signature?

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Instructions can be found here.....

https://ficoforums.myfico.com/t5/SmorgasBoard/bd-p/smorgasboard

[pizzadude]

Agree with the comments above, also it's very difficult to assess the impact of paying a single card down without knowing what utilization looks like on your other revolving accounts. 

[Caesar89]

Thank you for the response!

[Caesar89]

Understood.

I have three cards:

$500 limit- $35 remaining

$1100 limit- Maxed

$8600 limit - $5500 (the one I paid down by $2000)

[Jnbmom]

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@Caesar89 wrote:

Understood.

I have three cards:

$500 limit- $35 remaining

$1100 limit- Maxed

$8600 limit - $5500 (the one I paid down by $2000)

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Your total utilization looks to be around 65%, until you get that down you aren't gonna see much of a change .