Submitted by svdeepak99 t3_yhe2kp in personalfinance
svdeepak99 OP t1_iud9dt5 wrote
Reply to comment by retroPencil in Any 3rd party apps to auto-pay credit cards? by svdeepak99
You can find from this chart, how Credit Card Utilization is one of the 6 main factors in determining the credit score: https://www.asksebby.com/building-credit/850-credit-score
For further information about what I am referring to you can read the above article & watch this video: https://www.youtube.com/watch?v=kirdYUz--90
retroPencil t1_iudaivf wrote
Can you quantify the difference between the interest rates of a 760 score vs a 830 score?
svdeepak99 OP t1_iudav5u wrote
I don't think there should be much of a difference when the score is 750+. But there should be a difference when we are comparing the difference between scores of 630 & 730.
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