Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 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