Credit utilization question
Jan 28, 2014 | 11:40 am
#1
Original Poster
Join Date: Feb 2006
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Credit utilization question
Is it true that a paid off CC balance still reflects a 10% utilization for the credit bureau/FICO?
I read that months back on a coupon blog site that sponsored a debt/personal finance forum.
I recently signed up with Credit Sesame and if I am not mistaken, that's what I saw when I tried to interpret one of their charts matched to my credit card usage.
This question is a prelude to my plan to use an inbound new AMEX card I should not have applied for. Thought I was getting a hefty bonus.
I read that months back on a coupon blog site that sponsored a debt/personal finance forum.
I recently signed up with Credit Sesame and if I am not mistaken, that's what I saw when I tried to interpret one of their charts matched to my credit card usage.
This question is a prelude to my plan to use an inbound new AMEX card I should not have applied for. Thought I was getting a hefty bonus.
Jan 28, 2014 | 11:44 am
#2
Moderator: Chase Ultimate Rewards
Join Date: Apr 2005
Location: SFO
Programs: UA 2P, MR LT Plat, IHG Plat, BW Dia, HH Au, Avis PC
Posts: 5,664
There are several recent threads that discuss utilization calculations in detail, especially: http://www.flyertalk.com/forum/credi...ing-wrong.html