Letting store card report 48%

3 years ago

Wed Aug 11, 2021 5:50 pm

BrutalBodyShots

Senior AdministratorGoodwill Saturation Technique Author

BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!

Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 24 days, 13 hours, and 28 minutes Next Level in6 days, 10 hours, and 32 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 24 days, 13 hours, and 28 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 24 days, 13 hours, and 28 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 24 days, 13 hours, and 28 minutes ago

Was the previously reported balance on that card $0? I guess asked differently, did your accounts with a balance increase, or just the non-zero dollar amount increased?

Also just to verify, you're talking F8s correct?

3 years ago

Wed Aug 11, 2021 5:53 pm

Cassie

DeveloperLoves long talks on the beach

Cassie has been gardening for over 2 years.

Level55 Last INQFriday, February 14, 2020 Gardening For4 years, 7 months, 2 days, 13 hours, and 28 minutes Next Level in27 days, 10 hours, and 32 minutes on October 14th INQ 1yr onSunday, February 14, 2021 INQ 1yr reached3 years, 7 months, 2 days, 13 hours, and 28 minutes ago INQ 2yr onMonday, February 14, 2022 INQ 2yr reached2 years, 7 months, 2 days, 13 hours, and 28 minutes ago

LaHossBoss wrote: ↑Wed Aug 11, 2021 5:04 pm So I let my VS store card report 48% for last month. Just wanted to see if it was going to be as severe as previously of a score drop, but surprisingly, it was not! I only have 2 open revolvers now, so that was also unexpected to not get hit too hard. Meaning, I am at 100% of revolvers with a balance. EQ -6pt (651> 645) EX -8pt (718 > 710) TU -10pt (728 > 718) Looks like VS 3.0 for TU did not get hit, either, unless it takes a couple days for the scores to update. No score change, still at 671. @Cassie @Birdman @BrutalBodyShots @Slabenstein @Allzero

48% at VS....now I'm wondering what's good there now. Not that there wasn't anything good before, just thinking maybe I need to check it out again? It's been a long time. That's a comforting report. I've been avoiding going above 9% on anything for the entire time I've had credit cards (2yr 8mo now) just to avoid seeing a score drop, as small as that might be. (Mostly I did it to look good for lender algorithms when they see my 24 month history.)

3 years ago

Wed Aug 11, 2021 7:22 pm

LaHossBoss

Outlier

LaHossBoss has been gardening for over 2 years.

Level33 Last INQThursday, December 9, 2021 Gardening For2 years, 9 months, 7 days, 13 hours, and 28 minutes Next Level in22 days, 10 hours, and 32 minutes on October 9th INQ 1yr onFriday, December 9, 2022 INQ 1yr reached1 year, 9 months, 7 days, 13 hours, and 28 minutes ago INQ 2yr onSaturday, December 9, 2023 INQ 2yr reached9 months, 7 days, 13 hours, and 28 minutes ago

BrutalBodyShots wrote: ↑Wed Aug 11, 2021 5:50 pm Was the previously reported balance on that card $0? I guess asked differently, did your accounts with a balance increase, or just the non-zero dollar amount increased? Also just to verify, you're talking F8s correct?

This card was previously at $0/0% and I was at 50% revolvers w/ a balance (since I only have 2 revolvers). My Cap one reported 1% util/$10 bal. And, yes, these were my F8s (and my TU VS 3.0)

3 years ago

Wed Aug 11, 2021 7:24 pm

LaHossBoss

Outlier

LaHossBoss has been gardening for over 2 years.

Level33 Last INQThursday, December 9, 2021 Gardening For2 years, 9 months, 7 days, 13 hours, and 28 minutes Next Level in22 days, 10 hours, and 32 minutes on October 9th INQ 1yr onFriday, December 9, 2022 INQ 1yr reached1 year, 9 months, 7 days, 13 hours, and 28 minutes ago INQ 2yr onSaturday, December 9, 2023 INQ 2yr reached9 months, 7 days, 13 hours, and 28 minutes ago

Cassie wrote: ↑Wed Aug 11, 2021 5:53 pm
LaHossBoss wrote: ↑Wed Aug 11, 2021 5:04 pm So I let my VS store card report 48% for last month. Just wanted to see if it was going to be as severe as previously of a score drop, but surprisingly, it was not! I only have 2 open revolvers now, so that was also unexpected to not get hit too hard. Meaning, I am at 100% of revolvers with a balance. EQ -6pt (651> 645) EX -8pt (718 > 710) TU -10pt (728 > 718) Looks like VS 3.0 for TU did not get hit, either, unless it takes a couple days for the scores to update. No score change, still at 671. @Cassie @Birdman @BrutalBodyShots @Slabenstein @Allzero
48% at VS....now I'm wondering what's good there now. Not that there wasn't anything good before, just thinking maybe I need to check it out again? It's been a long time. That's a comforting report. I've been avoiding going above 9% on anything for the entire time I've had credit cards (2yr 8mo now) just to avoid seeing a score drop, as small as that might be. (Mostly I did it to look good for lender algorithms when they see my 24 month history.)

Lol I was a sucker for the semi-annual sale, but to avoid issues getting a refund in cash aka requesting a overage refund check and waiting for it and all that jazz, I just let the balance post and then returned any items I did not want or did not fit right so the balance could get adjusted and then I just pay what was owed before the statement cuts on 9/1.

3 years ago

Wed Aug 11, 2021 9:01 pm

BrutalBodyShots

Senior AdministratorGoodwill Saturation Technique Author

BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!

Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 24 days, 13 hours, and 28 minutes Next Level in6 days, 10 hours, and 32 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 24 days, 13 hours, and 28 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 24 days, 13 hours, and 28 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 24 days, 13 hours, and 28 minutes ago

Did your aggregate revolving utilization cross a threshold with that second card reporting 48%? It sounds like you've got quite a few variables at play here: Aggregate utilization increase, highest individual revolver utilization increase, number of accounts with a balance, percentage of accounts with a balance. With all of those things increasing and not knowing which for certain impacted your scores, I'd say the score losses you saw are pretty insignificant!

3 years ago

Wed Aug 11, 2021 9:27 pm

LaHossBoss

Outlier

LaHossBoss has been gardening for over 2 years.

Level33 Last INQThursday, December 9, 2021 Gardening For2 years, 9 months, 7 days, 13 hours, and 28 minutes Next Level in22 days, 10 hours, and 32 minutes on October 9th INQ 1yr onFriday, December 9, 2022 INQ 1yr reached1 year, 9 months, 7 days, 13 hours, and 28 minutes ago INQ 2yr onSaturday, December 9, 2023 INQ 2yr reached9 months, 7 days, 13 hours, and 28 minutes ago

BrutalBodyShots wrote: ↑Wed Aug 11, 2021 9:01 pm Did your aggregate revolving utilization cross a threshold with that second card reporting 48%? It sounds like you've got quite a few variables at play here: Aggregate utilization increase, highest individual revolver utilization increase, number of accounts with a balance, percentage of accounts with a balance. With all of those things increasing and not knowing which for certain impacted your scores, I'd say the score losses you saw are pretty insignificant!

No, I am at 24% agg util. Previously I was <1% agg util. I guess, technically, I did cross the 10% agg util threshold.

3 years ago

Wed Aug 11, 2021 11:13 pm

BrutalBodyShots

Senior AdministratorGoodwill Saturation Technique Author

BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!

Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 24 days, 13 hours, and 28 minutes Next Level in6 days, 10 hours, and 32 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 24 days, 13 hours, and 28 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 24 days, 13 hours, and 28 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 24 days, 13 hours, and 28 minutes ago

Yes, that's my point. I assumed with only 2 revolvers and 1 of them moving to 48% utilization that likely the first aggregate threshold was crossed. Since it indeed was, that's also one of the multiple variables that may have impacted your score changes realized.

3 years ago

Thu Aug 12, 2021 12:37 am

AllZero

Outlier

AllZero has been gardening for over 2 years.

Level29 Last INQSaturday, March 26, 2022 Gardening For2 years, 5 months, 21 days, 13 hours, and 28 minutes Next Level in9 days, 10 hours, and 32 minutes on September 26th INQ 1yr onSunday, March 26, 2023 INQ 1yr reached1 year, 5 months, 21 days, 13 hours, and 28 minutes ago INQ 2yr onTuesday, March 26, 2024 INQ 2yr reached5 months, 21 days, 13 hours, and 28 minutes ago

LaHossBoss wrote: ↑Wed Aug 11, 2021 5:04 pm So I let my VS store card report 48% for last month. Just wanted to see if it was going to be as severe as previously of a score drop, but surprisingly, it was not! I only have 2 open revolvers now, so that was also unexpected to not get hit too hard. Meaning, I am at 100% of revolvers with a balance. EQ -6pt (651> 645) EX -8pt (718 > 710) TU -10pt (728 > 718)

That's not that bad of a hit at all. Doing these tests are good. It'll give you an idea how your scores will react if in the future you are in the same situation with increased utilization.

3 years ago

Mon Aug 16, 2021 2:47 am

Birdman

Primer AuthorCo-Founder

Birdman has been gardening for over 2 years.

Level30 Last INQWednesday, March 2, 2022 Gardening For2 years, 6 months, 14 days, 13 hours, and 28 minutes Next Level in15 days, 10 hours, and 32 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 14 days, 13 hours, and 28 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 14 days, 13 hours, and 28 minutes ago

BrutalBodyShots wrote: ↑Wed Aug 11, 2021 9:01 pm Did your aggregate revolving utilization cross a threshold with that second card reporting 48%? It sounds like you've got quite a few variables at play here: Aggregate utilization increase, highest individual revolver utilization increase, number of accounts with a balance, percentage of accounts with a balance. With all of those things increasing and not knowing which for certain impacted your scores, I'd say the score losses you saw are pretty insignificant!

Excellent analysis of the possible variables at play. I would note there’s not as much of a penalty for AWB when there are only 2, so crossing the aggregate and highest individual probably had more to do with it than anything, but AWB could’ve played a part as well. What happened when you previously did this? Was there a different score change when you had the profile in a different situation?