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bbiiggdd

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card 1 10% util. & c2 50% vs c1 & c2 both 30%(same avl).will these effect my credit score the same?
i am thinking about a balance transfer. th values in question are exaggerated. i dont wish to take a credit hit. doing the transfer raises card 1 to as close to max as i choose and will bring card 2 nearly gone. im only doing this to lower interest, but will not if my individual card going up will hurt my credit score

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Answer

Your utilization is computed across all of your cards. For example, c1 is using 3000 of 10000 available, and c2 is using 1500 of 5000 available, giving you a util of 4500 out of 15000, which = 30%.

Transferring let's say 1000 from c2 to c1 will now put c1 at 4000, and c2 at 500. You are still using 4500 out of 15000 available.

4500÷15000 = .30

Your utilization has not changed, but you are saving on interest.

I hope this helps

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