What MAXING OUT a Credit Card Did to MY CREDIT SCORE

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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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Track: Halcyon & Valentina Franco - Runaway (Heuse Remix) [NCS Release]
Music provided by NoCopyrightSounds.
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Only a true shifu would take one for the team like this. Thank you!

jovanhayes

should do an update video when the credit company reports it's paid off and where your score is than

ytuwkhu

This guy is a real youtuber, he reslly did take one for the team.

armytruth

I have to say out of all the credit card/finance channels I’ve watched, this has to be the first time anyone has said to not only keep your overall usage below 30% but also on each card. I’ve wondered about this for a while but always kept each card low just in case. Thanks

PS

Wow - that was a major drop. Thanks for going through this experiment for us!

RomelBuildingWealth

This is why you are the best credit shifu on youtube. Doing an experiment 🧪 on yourself for the team we appreciate the your sacrifice.

juniiorr

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.

SamSung-jvjm

Crazy what high utilization on *one* card can do to an overall score 💳 Thanks for putting out valuable knowledge like this 💯

MarkReese

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!!

lisamorgan

You're playing a dangerous game lol. I appreciate you doing this for the education of your audience.

MethodDaMadness

The thumbnail for this video sums up how I feel every time I look at the news.

ai-bino

Both credit karma and the free AMEX score you're looking at are your Vantage 3.0. Amex's Free FICO is actually located on their website or in the regular app. It's attached to your credit card account, it isn't the separate tracking app they have. Its a little deceptive. The actual fico won't give you a fancy graph and it only updates once a month.

ethanhorvitz

kudos Credit Shifu... only you can do this for the team!!👍👍

JohnJohn-ntmf

I’ve had a mixed effect with having a large balance at the end of a statement. My Equifax score would go up dramatically and my TransUnion would go down by a similar amount, and vice versa when you pay it off. Equifax really has a screwy rating system that tends to favor debt and discourage paying it off.

macbeliever