sheltylover

1 Contributions 1 People Helped

Member Since: October 2010

Most Helpful Contribution

The Relationship Between Your Credit Score and Credit Card Utilization Rate

Dec 27, 2015
Helpful to 1 out of 1 people

Chase did that to me, too. I charged $5000 on the card (I do that about once a year, always pay it off ahead of time) but within DAYS I get a letter stating my limit went from $25000 down to $6500!!! So guess what, my credit score plummeted quite a bit because of the utilization score. I was so ticked off - it had been at that limit for over a decade and I still haven't figured out why that happened.

Activity (1 Total Contributions)

The Relationship Between Your Credit Score and Credit Card Utilization Rate

Dec 27, 2015
Helpful to 1 out of 1 people

Chase did that to me, too. I charged $5000 on the card (I do that about once a year, always pay it off ahead of time) but within DAYS I get a letter stating my limit went from $25000 down to $6500!!! So guess what, my credit score plummeted quite a bit because of the utilization score. I was so ticked off - it had been at that limit for over a decade and I still haven't figured out why that happened.