Interesting Credit Card Utilization information I heard.

Interesting Credit Card Utilization information I heard.Interesting Credit Card Utilization information I heard.
LizzieMer asked 3 years ago

Good morning everyone!
I was watching a show about credit card utilization. The credit expert said that if your utilization is over 50% it starts deducting points. If your utilization is between 30% and 50% it is neutral, and won’t change your scores if there aren’t any other changes. If your utilization is 30% or less, your score improves, and continues to improve with every deduction. Obviously I knew that you get points for low utilization, but I did not know that 30% to 50% is neutral and won’t cause your score to change. I figured the higher it climbs, the lower your score. Is this true or is this guy a quack? Lol

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