purplecan01

1 Contributions 1 People Helped

Member Since: February 2014

Most Helpful Contribution

The Relationship Between Your Credit Score and Credit Card Utilization Rate

Mar 13, 2017
Helpful to 1 out of 1 people

I use my cash rewards card that provides cash back on all purchases.  I use it often especialy for bigger purchases.  I never have a carry over and always pay the full amount.  I noticed my credit score went down slightly although I have no outstanding credit debit.  The difference in score must be due to the frequency of use on the cash rewards card.  Seems to me the credit score companies should factor that in to their calculation too.

Activity (1 Total Contributions)

The Relationship Between Your Credit Score and Credit Card Utilization Rate

Mar 13, 2017
Helpful to 1 out of 1 people

I use my cash rewards card that provides cash back on all purchases.  I use it often especialy for bigger purchases.  I never have a carry over and always pay the full amount.  I noticed my credit score went down slightly although I have no outstanding credit debit.  The difference in score must be due to the frequency of use on the cash rewards card.  Seems to me the credit score companies should factor that in to their calculation too.