Credit Cards and FICO score

[PaloAltoCougar]

Originally Posted by CardiacCoug

My credit score is 805 as of a month ago.

One thing that probably helps (I don't know for sure) is that I have some very high limits on a bunch of credit cards that I never use. I have one card with a $30K limit and another with a $40K limit and several other with about $15K limits. I don't ever carry a balance. I think one factor is the debt to available credit ratio and if you keep that very, very low I believe it helps your score.

With a home purchase and then a refi within the past year, we had our scores checked a couple of times, and averaged in the low 800s. The loan-to-value on our house is fairly low, we have three credit cards with limits around $40K but which we pay off each month (we rotate their use to maximize AA, Southwest and Marriott rewards), and no other debt. I joke a lot otherwise, but I'm married to a very thrifty woman, for which I give daily thanks.