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5 months ago
Mon Apr 29, 2024 7:11 pm
NoMoneyNoHoney
Seasoned RebelNeed BTC card
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I read on myFico some people saying that "clear datapoints on this board that show going from 0% to 84.9% or higher on a single card can cost from 30-50 points on your Fico 8"....
Is that true??
From the credit primer on creditrebels.net its saying that being above 89% on individual card is what is a huge loss in points on your credit report?? Can some please clear this up??
I have a balance transfer BofA card that I have a 0% offer for 21 months. I did get the card below 90% to around 88.5% but I was wondering if its that massive of a score loss being above 85%?? I've been using all my available money to pay down the high interest debt so I'd rather not spend it on this 0% card (cuz thats the whole point of a balance transfer) unless it would really help my credit. I'd have to pay another $1,500 to get below 84.9% utilization.
Obviously if I could keep under 30% utilization I would but I'm just trying to survive right now.
I still need to get another BTC so if the 84.5% is that big of difference from under 90% then I prob should do it.
Is that true??
From the credit primer on creditrebels.net its saying that being above 89% on individual card is what is a huge loss in points on your credit report?? Can some please clear this up??
I have a balance transfer BofA card that I have a 0% offer for 21 months. I did get the card below 90% to around 88.5% but I was wondering if its that massive of a score loss being above 85%?? I've been using all my available money to pay down the high interest debt so I'd rather not spend it on this 0% card (cuz thats the whole point of a balance transfer) unless it would really help my credit. I'd have to pay another $1,500 to get below 84.9% utilization.
Obviously if I could keep under 30% utilization I would but I'm just trying to survive right now.
I still need to get another BTC so if the 84.5% is that big of difference from under 90% then I prob should do it.
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Cards: 2 Discover's, 1 BofA , 1 Chase Freedom, 1 CITI double cash, 2 NFCU platinums, Venture, Capital Quicksilver, Capital QuicksilverOne,
- Tagline Need BTC card
- Score data EX 757 TU: 742 EQ: 750
- Classic 8 Scorecard CLEAN/THICK/MATURE/NEW-REVOLVER
- Mortgage Scorecard CLEAN/THICK/YOUNG/NO-NEW-ACCOUNT
- AoOA 20 yrs
- AoORA 20
- Date of Last Inquiry and/or New Account Opening January 1st, 2023