I thought paying my card off every other month was smart until my score dropped 40 points

I got a letter from Capital One saying my credit use was 'too low to score' because I kept a $0 balance for 60 days straight. My score went from 720 to 680 just from that! Has anyone else been penalized for NOT carrying a small balance?

3 comments

3 Comments

nguyen.morgan2mo ago

My Chase card did the exact same thing last year.

jessica7072mo ago

I used to defend them but now I get it.

pat_moore2mo ago

Classic Chase move. They love to just flip a switch and change the rewards on you. Mine went from decent cash back to basically useless for my normal spending. Felt like a bait and switch.