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Updated about 6 years ago on .

User Stats

3
Posts
1
Votes
Brad Sanders
1
Votes |
3
Posts

Credit utilization score impact

Brad Sanders
Posted

HI BPers

I want to know how much my credit score will be effected by adding a new card

My previous credit utilization was 68%

My Fico 8 was 701-706

TU /Exp was 655-656

The new CC available limit should lower my utilization rate to 54%

The new card is for a balance transfer which Will have under 25% It’s limit and the old card will go from 51% to zero

I have long term accounts , zero lates , no repos or bankruptcies

How much of a boost in my score should I see next month?

When should I ask for a CLI on my two other cards

( which if approved should also lower my utilization rate)?

Thanks everyone