Ellb87

1 Contributions 1 People Helped

Member Since: April 2012

Most Helpful Contribution

The Relationship Between Your Credit Score and Credit Card Utilization Rate

Mar 16, 2015
Helpful to 1 out of 1 people

It's a pretty sick game.  While many times high utilization rate coorelates to those who don't often pay back or pay back in full it's not always the case.  I am a loyal and consistent user which provides me with a lot of bonus points for flying.  Ironically sticking to one card (generating the credit card company income on my purchases) is damaging to credit score.  

As someone who pays in full every month, and has never missed a payment, I'm penalized.  But even worse, the lower they can push the score of people who may not be in my situation, the lousier cards they are able to offer, which make them more profit.  They can attempt to do this to users like myself, but instead I simply lost my loyalty and my score is pushing 800 again.

Activity (1 Total Contributions)

The Relationship Between Your Credit Score and Credit Card Utilization Rate

Mar 16, 2015
Helpful to 1 out of 1 people

It's a pretty sick game.  While many times high utilization rate coorelates to those who don't often pay back or pay back in full it's not always the case.  I am a loyal and consistent user which provides me with a lot of bonus points for flying.  Ironically sticking to one card (generating the credit card company income on my purchases) is damaging to credit score.  

As someone who pays in full every month, and has never missed a payment, I'm penalized.  But even worse, the lower they can push the score of people who may not be in my situation, the lousier cards they are able to offer, which make them more profit.  They can attempt to do this to users like myself, but instead I simply lost my loyalty and my score is pushing 800 again.