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giselmey said:   
crazy4beatz said:   looks like any personal cards with over 50% of credit used can hurt your credit score quite a bit.
read the comment by tom in the link below
LINK 
thx

  In the linked article it is recommended not to use more than 50% of available credit if you don't want your credit score to tank. Is that of ALL available credit or of available credit on the card you want to use? I've got a very good offer (0%, 15 mths,  no fee) on a PNC Card and would like to use about 80% without hurting my score too badly... 

There's an "all" component and also a "single card" component.  That will probably tank your score ~30-50 pts.   Which still may not matter if it's high enough.   I had ~$10k of 12k limit on a card for a year on a similar offer and it pulled mine from 800 to 760.  Still was high enough for best mortgage rates... (*requires 740)

rated:

marysm said:   Another question... My new (now second) BBR has a statement closing date of 3/6. Will I still get the first quarterly bonus if I only have a charge on the March statement (my first)? Or, since the card is open in Feb, but there’s no Feb statement, will I be out of luck?

Thanks!

  
imbatman;19400908 said:
Call boa.
You have until March 31 to do quarterly bonuses. Statement date doesn't matter

  
Turns out, BofA answers this question in the "program rules" flyer you get shortly after opening your account. See pic attached. It seemed the payment due date is what counts. My new account opened late Feburary and my first billing period was listed as Feb 6 - March 6th, with my first payment due April 3rd. (Made a $3 charge at Amazon on 3/2.) I don't expect to get a Q1 bonus, but should be on my way with Q2.

 

rated:
Bend3r said:   
giselmey said:   
crazy4beatz said:   looks like any personal cards with over 50% of credit used can hurt your credit score quite a bit.
read the comment by tom in the link below
LINK 
thx

  In the linked article it is recommended not to use more than 50% of available credit if you don't want your credit score to tank. Is that of ALL available credit or of available credit on the card you want to use? I've got a very good offer (0%, 15 mths,  no fee) on a PNC Card and would like to use about 80% without hurting my score too badly... 

There's an "all" component and also a "single card" component.  That will probably tank your score ~30-50 pts.   Which still may not matter if it's high enough.   I had ~$10k of 12k limit on a card for a year on a similar offer and it pulled mine from 800 to 760.  Still was high enough for best mortgage rates... (*requires 740)

  
How much your score drops is dependent on a ton of different details. I have about $250k of available credit, and my score has hovered between 810 and 820 for the past few years. That is with never carrying a balance month to month. About 6 months ago I took out a 15 month 0% BT for over $25k on a card with a $32k limit. So my utilization on that single card is right around 80%, but my overall utilization is still only about 10%. My score dropped to the 790's. So it only impacted me about 20 points.

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