Credit Repair

722 Credit Score – What MAXING OUT a Credit Card Did to MY CREDIT SCORE

722-credit-score-what-maxing-out-a-credit-card-did-to-my-credit-score

722 Credit Score – How to Choose

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In this video I max out my credit card for you and show you how many points my credit score drops by. Basically I take the hit so you don’t have to, all in the name of research. I give you both my credit karma and FICO score from my American Express card. The key take away from this is you shouldn’t max out a credit card, because it hurts your credit score through reporting high credit utilization.

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31 Comments
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31 Comments

  1. DAYS
    July 24, 2021 at 3:32 pm

    Yeah not thinking about maxing my card lol, just gonna use 30% on each card

  2. jimmy ekdahl
    July 24, 2021 at 3:32 pm

    dropped 79 points

  3. Sam Sung
    July 24, 2021 at 3:32 pm

    I experienced this myself back in Dec. 2020. I had a situation where I was temporarily homeless and staying at an extended stay hotel for the month. I was stupid and put all my weekly charges on only one credit card . It made my utilization go up to 50% on just that one card (total credit usage was only at 10%) . It dropped my score from 671 to 644. In the future, I will spread out the charges among all my cards.

  4. Richard Servello
    July 24, 2021 at 3:32 pm

    I had my score drop about 30 points when I needed to buy a new PC…I put it on 2 different cards but it got my usage from 9% to 27%. Took me nearly a year to get it back (was in March)…but I went from 769 (after the drop) to 831 today.

  5. Braska Bani
    July 24, 2021 at 3:32 pm

    What if i maxed out my credit card and pay it off before the end of the month. Would that still affect my credit score?

  6. Nem
    July 24, 2021 at 3:32 pm

    Little over $1k (rent) on a 2.1k limit dropped me 28 points. Last time I leave it on there till the statement date

  7. LaBounti
    July 24, 2021 at 3:32 pm

    My bankruptcy falls off my credit in October 21', at 727 right now, I wonder how much it will jump…..

  8. Cesar N
    July 24, 2021 at 3:32 pm

    at 3:40 you mentioned to pay that hight amount before the statement date aka (closing date). Why not pay it before the due date? thanks

  9. Melissa K
    July 24, 2021 at 3:32 pm

    This might be a dumb question, but I’m just starting to learn about this stuff. When you say to pay off the purchase before the end of the statement, do you mean pay it before we’re even received a bill? I’m a new chase card user and I still haven’t been sent a bill. Do I need to call it in to avoid it affecting my credit? Thanks for the great info btw!

  10. Phillip Hargro
    July 24, 2021 at 3:32 pm

    So you can use as much as you want, but just put it back before the due date and your score won’t be effected correct?

  11. Ellis Alcantara
    July 24, 2021 at 3:32 pm

    That FICO score provided by American Express is a Vantage 3.0 score, it says it right there!

  12. Tony's Pizzeria
    July 24, 2021 at 3:32 pm

    I used my discover credit card for purchases for friends/family that I would get back with a $400 secured limit. And I used 30% of my limit one month (probably March). And my score went down one point on credit karma. I was pretty sad. But I have learned from my mistake.

  13. Nur Agung Sujono
    July 24, 2021 at 3:32 pm

    After having multiple bad experiences with credit repair companies and figuring out the credit score they told me they boosted was actually false and the negatives on my report wasn’t cleaned..I have read a lot of recommendations about Johnnie Hacks LLC which at first made me doubt his legitimacy but when I contacted him and told him exactly what I want him to do he got it done surprisingly and showed me proof before I made the rest payment..I am also recommending him to ya’ll..(JohnnieHacksLLC.Org). Or text at (951) 376-4173. I just saved you the stress to get a fast response from him…………..

  14. Ashley Sellwood
    July 24, 2021 at 3:32 pm

    I had 12 inquiries I would like removed, 3 are from leasing companies for apartments I did not get, and 9 others are from 4 credit card companies that pulled my information twice each that I applied to months ago but just now showed up, I didn 't get either card, My credit went from a 740 to a 612 in a matter of a week. I got referred to JOHNNIEHACKSLLC. ORG by few trusted clients and I can say they're the best because all the 12 inquiries got deleted and my score was raised to the 800's ….

  15. Jaime Hernandez
    July 24, 2021 at 3:32 pm

    My Credit Karma credit score is at 810 and my FICO score is at 837. Worked hard for this.

  16. Maikel J
    July 24, 2021 at 3:32 pm

    $100 credit limit, what’s the 20% of $100?

  17. Charles Jackson III
    July 24, 2021 at 3:32 pm

    Well I need to pay off all my credit cards.

  18. Keith Ashford
    July 24, 2021 at 3:32 pm

    Damn!!!! Maxed out Am Ex? I bet they shit themselves when they saw that balance 😂😂😂

  19. Trevor Mendenhall
    July 24, 2021 at 3:32 pm

    i went from a 3% utilization to a 10% utilization and i dropped 32 points

  20. Michael Le
    July 24, 2021 at 3:32 pm

    by paying off the card that dropped you 60 points, how many points will you get for paying it off? thanks…

  21. ladyisis2ar
    July 24, 2021 at 3:32 pm

    Thank you so much for taking one for the team. Now we know the right information

  22. Joshua Canevari
    July 24, 2021 at 3:32 pm

    I’m an 18 year old almost 19 and got my first credit card about 7 months ago and another about 4 months. When should I apply for another to be able to build my credit score? My current score is 720 according to fico provided by discover

  23. Francisco Lopez
    July 24, 2021 at 3:32 pm

    Oh and my score is at 765 my lowest is 729

  24. Francisco Lopez
    July 24, 2021 at 3:32 pm

    I disagree I maxed out my citi bank card and my overall utilization on the other cards are under 25%.My score only dropped by 6 points

  25. Lisa Morgan
    July 24, 2021 at 3:32 pm

    This has happened to me! I didn't understand it. I pay my cards off in full every month. I never leave any lind of balance. I don't want those interest fees. I have managed to take a credit score from the low 500's to 800 in just a matter of approximately 4 years. I'm sure I could have done it quicker but I'm happy with how far I have come. Thank you for setting the record straight here!!

  26. Brett Duffy
    July 24, 2021 at 3:32 pm

    I am an authorized user on my father's credit card for about 15 years I'm only 27 but that card is always maxed out my other cards are always paid off I'm debating whether I should get it off my credit reportbut then I would lose 15 years of payment history and then only have six or seven years of payment history

  27. DeeJay ViVo
    July 24, 2021 at 3:32 pm

    If anyone knows of a credit card that won’t reject me, please let me know. I have a 530

  28. Mama Bear
    July 24, 2021 at 3:32 pm

    Hi again I use credit karma is that a good place to keep record of my credit? I appreciate if yo can help me

  29. Mama Bear
    July 24, 2021 at 3:32 pm

    Hello I just signed up to YouTube channel. Do you have a video about secure credit cards? My credit in one report is 524 and zero in equifax. Everything is no data no collections only one hard inquiry in 2019 when I signed up for internet with cox

  30. Imlooking 4-work-atm
    July 24, 2021 at 3:32 pm

    Credit score will damage u mentality.. think about it.

  31. Lance Rose
    July 24, 2021 at 3:32 pm

    Did you get it back by the next credit report?