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2 Contributions 4 People Helped

Member Since: October 2015

Most Helpful Contribution

The Relationship Between Your Credit Score and Credit Card Utilization Rate

Aug 16, 2016
Helpful to 3 out of 3 people

Wow, so many useful scenarios, thanks for sharing everyone!

Personally, I have improved my score by 120+ points in the last 10 months using credit karma. I realized they wanted less credit utilization so I applied for 4 cards with high credit limits. My limit is so high I do not think I could consciously spend more than 20%.

My technique is charge everything to my cards and do a bank transfer to pay most of it off. I keep my grace periods in mind. I pay everything off before it accrues interest but keep enough balance to show 2% utilization. So far it's working out for me, I currently have a 740 and 750. That is about as high as I have ever had it. I'm really glad I am able to keep an eye on it. If you’re starting out don't be discouraged, I had to log in every week and check for positive reinforcement and negative outcomes before I reached a "credit behavior schedule" that gave me results. Yes, I said schedule, this is a serious routine!

Activity (2 Total Contributions)

The Relationship Between Your Credit Score and Credit Card Utilization Rate

Aug 16, 2016
Helpful to 3 out of 3 people

Wow, so many useful scenarios, thanks for sharing everyone!

Personally, I have improved my score by 120+ points in the last 10 months using credit karma. I realized they wanted less credit utilization so I applied for 4 cards with high credit limits. My limit is so high I do not think I could consciously spend more than 20%.

My technique is charge everything to my cards and do a bank transfer to pay most of it off. I keep my grace periods in mind. I pay everything off before it accrues interest but keep enough balance to show 2% utilization. So far it's working out for me, I currently have a 740 and 750. That is about as high as I have ever had it. I'm really glad I am able to keep an eye on it. If you’re starting out don't be discouraged, I had to log in every week and check for positive reinforcement and negative outcomes before I reached a "credit behavior schedule" that gave me results. Yes, I said schedule, this is a serious routine!

The Relationship Between Your Credit Score and Credit Card Utilization Rate

Aug 16, 2016
Helpful to 1 out of 1 people

mine say they come off in two years.