how much of hit will I take?

[babbles]

current credit card utilization is  1% now across three cards:

$0    bal  limit  30k  nfcu

$5  bal   limit  10k  papal

$15 bal  limit  $1500   usaa

has been consistent at this utilization for about a year now

current scores high 790s

purchased a great used  jetski on my NFCU credit card (4k) a few days ago instead of opening up a new account (4k balance now current apr  8.9%)

I plan to have it paid back by dec

how much of a hit will the credit files take on the increase in utilization?

[AllZero]

Not that bad of a hit once you cross that 9% aggregate threshold. Your actual will be ~9.7% I'll drop a link for your reading pleasure.

I would recommend reading the below from ABCD2199
The Truth about Credit Card Utilization
My 11 Rules to Credit Rebuilding
FICO Score: What to pay down first?

From Birdman7
General Scoring Primer and Version 8 Master Thread rev.5.17.20

[Anonymous]

My best guess would be around 15-20 points tops due to the increased utilization until you pay it down.

[lhcole77]

@babbles  If you're really concerned about score, I recommned paying off your other cards' small balances to $0 so that only 1/3 cards report a balance instead of 3/3.

[Anonymous]

While the above isn't bad advice, it is worth noting that the points shifted from the number of accounts with a balance would more than likely be less than those gained from crossing the 9% utilization threshold.

[babbles]

seems like when those small balances move a few dollars downwards, my score drops

[M_Smart007]

@babbles, The jetski is worth a few points loss

I rode jetski's and was an avid boater for years

Also fished a few Black Bass tournament's.

[AllZero]

@M_Smart007. Maybe we can add another saying, Fun over FICO? Within reason, of course. 😉

[Anonymous]

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@babbles wrote:

seems like when those small balances move a few dollars downwards, my score drops

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That should not be the case and is likely just a coincidence giving you a false positive.

[babbles]

the jet ski was  absolutely worth the hit!   ; )    Ill let you know by the 14th or 15th what the actuall drop is because Navy Federal wastes no time reporting an increase like that!