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My credit card balance is over 50%. How long will it take my credit score to go back up?

Hi. I recently just got my first credit card ever and used it to make a $1600 purchase. The credit limit is $3000, so obviously I’m over 50% of the balance, and I just learned that’s bad for credit scores. I expect to be able to pay off the purchase in the next two or three months. Will my credit score go back up immediately after I get the balance on my card down, or will it take a while? Thanks.

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3 Responses to “My credit card balance is over 50%. How long will it take my credit score to go back up?”

  1. Hawaiisweetie said :

    It will take awhile, it isn’t as much about how much you have on your card, but the fact that you make your monthly payment on time, and the time you have the card. Your credit probably took 1 point ding, I wouldn’t worry about it, just continue to make minimums or much higher each month and then when you get it to 0 let it sit there, you need to build up history on the credit card. Good Luck

  2. paynemdp said :

    Congrats on getting your first card and, more importantly, on caring enough to ask about the impact of a $1600 purchase.

    Are you considering applying for credit any time soon?

    If not, don’t worry about the impact to your score. In fact, consider, don’t worry, about the amount of interest you’ll pay for delaying full payment of the $1600 purchase.

    That is, you indicated it will take you 2-3 months to pay it off.

    Unfortunately, the hit is much more than the one point suggested by a different poster.

    Thirty (30%) percent of your FICO comes from “amounts owed.”

    Not a problem…unless you’re considering new credit. If so, hold off. Get a credit history with on-time monthly payments. Show responsibility with the card you have.

    Don’t laugh..but really nurture it. Develop a long-term credit relationship and you will benefit.

    Hope this helps,


  3. Mariposa said :

    Once your percent gets to below 30% of your available credit, you will see improvements. They lower the percentage, the higher your potential score is.


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