Payment history, age, and credit account usage are all quite significant when calculating the credit score. In fact, credit card utilization can be considered one of the most crucial factors after payment history.
We’ll talk about it all in this post but first, let’s understand what credit card utilization really means.
Credit Utilization or Credit Utilization Ratio (CUR) indicates the amount of credit you use against your credit limit.
For instance, if you have a credit limit of $10000 and you use it for $2000, then it means that your credit utilization is 20%. Use $3000, and it becomes 30%, use $5000, and it increases to 50%.
In simple terms, it refers to how much you use against how much you’re allowed.
Here’s an easy equation to find out your credit utilization ratio:
Credit Utilization Ratio = ( Total debt / Credit limit ) X 100
In case you have more than one credit card, you need to add up the credit limits of all the cards to get the total credit limit, and add up the total outstanding balance of all the cards to find out the total debt. Now you can use the same formula to calculate your total credit utilization rate.
A major misconception among cardholders is that the more you use your credit card, the more chances you will have to boost your credit score. It’s true in a way that someone who has an exceptional payment record, even though with high credit usage is more likely to increase his creditworthiness in comparison with someone with low use and bad credit/payment habits.
As a matter of fact, the higher the credit utilization rate, the higher the chances of a negative impact on your credit score. It may be because someone using a credit card frequently is struggling with cash crises or is a habitual shopper.
In any case, a high credit utilization rate can raise doubts on the payment habits of a cardholder and eventually result in impacting the credit score adversely. Therefore, you must always keep your card spending in check regarding your card limit and clear all outstanding dues on time within your billing cycle to get it reflected in the subsequent credit report.
Now that you have a fair idea about why maintaining a low or relatively low credit utilization ratio is important, let’s talk about its ideal range.
Just like spending too much amount from your credit limit is not ideal, spending none is even more harmful. As most experts claim, the ideal range lies anywhere between 1% to 30%. You must always strive to maintain your credit card utilization ratio between this recommended slabs.
The lower your credit utilization rate, the better it is for your credit scores.
Moving on, here are a few tips to help you manage your credit utilization rate.
Since credit utilization is a significant aspect of credit scoring, you must be careful with how and when to use your credit card. Here’s what you can do.
1. Set-up a balance alert
The first thing you need to do to manage your credit utilization is to keep an eye on your outstanding dues or balances. You can set-up a balance alert to get notified as soon as you’re about to exceed a specific limit, which you can preset on your credit account.
2. Use multiple cards instead of one
Using multiple cards with lesser utilization rate is better than using a single card with higher utilization. Instead of using one card for all the expenses, you can use another card to spread over the charges. Make sure that you’re keeping the utilization rate of all the cards well below the 30% mark, as close as possible to 1% but not an absolute zero.
3. Pay in a timely manner
You must also watch out for your account statement closing date and make sure that your balance is as low as possible around the time when your billing cycle ends. Check with your card issuer about the date they send your account information to credit bureaus for the upgrade. This will enable you to clear any outstanding balances due on your account well before the closing date.
4. Get your credit limit increased
If you have a high credit usage every month for some reason, you can always request your card issuer to increase your credit limit. Of course, getting your credit limit increased depends on whether there is any change in your income or not. If you have poor payment habits or a drop in your income, your card issuer could also reduce your credit limit. So, be careful of these crucial points before applying for a raise in your credit limit.
5. Pay more than once to keep your balances low
Even if you have a high credit usage, you can keep your outstanding balances low by paying more than once in a single month or billing cycle. Keeping your credit balance low is perhaps the easiest way to maintain a lower credit utilization rate.
A low credit card utilization rate is integral for maintaining a good credit record and high credit scores. At the same time, it also helps you avoid paying larger monthly payments and higher interest rates, plus boosts your creditworthiness for any kinds of loan approvals.
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Welcome to Priority Tradelines where we provide quality tradelines that give your score the boost you need. These are great for establishing new credit, building business credit, purchase, a home, car or renting an apartment. Check out our Inventory!
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4. Refunds. In the event any Tradeline purchased does not report to 2/3 credit bureau’s then we will provide you with a Replacement Tradeline of similar Credit Limit and Age with the closest Next Reporting Date possible until such Replacement Tradeline posts successfully to your Credit. In the event you purchased a Tradeline with a particularly High Credit Limit or Old Age, and it needs to be replaced, then we reserve the right to replace it with one or more Tradelines that add-up to the particular Age and/or Credit Limit of the original Tradeline. Refund will be provided if second attempt to match tradelines isn’t successful.
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A: Have a Perfect Payment History. Always Paid on Time. Never Late.
B: Have at least the specified Age and Credit Limit.
C: Have a Balance that does not exceed 10% of the Credit Limit.
D: Will post at least 2/3 Credit Bureaus (Experian, Equifax, and TransUnion) no later than 7-10 Calendar Days after the specified statement date.
In the event any Tradeline purchased does not post to 2/3 credit bureus explained above, then we will provide you with a Replacement Tradeline of similar Credit Limit and Age with the closest Next Reporting Date possible until such Replacement Tradeline posts successfully to your Credit. In the event you purchased a Tradeline with a particularly High Credit Limit or Old Age, and it needs to be replaced, then we reserve the right to replace it with one or more Tradelines that add-up to the particular Age and/or Credit Limit of the original Tradeline. Refund will be provided if second attempt to match tradelines isn’t successful.
REPORTING DATES FOR TRADELINES ARE “BEST EFFORTS” – THEY CANNOT BE GUARANTEED 100%.
IF YOUR TRADELINE NEEDS TO BE REPLACED BECAUSE IT FAILED TO POST, THEN YOUR REPORTING DATE WILL MOST LIKELY BE DELAYED. WHEN YOU PURCHASE TRADELINES YOU MUST PLAN FOR THE POSSIBILITY OF YOUR REPORTING DATE BEING CHANGED IN THE EVENT THE TRADELINE NEEDS TO BE REPLACED.
Tradelines will show as “Open” 90 Days, after which they will still stay on your Credit Report as “Closed” or “Terminated” Accounts, which still has a large positive effect on your Credit History and Scores.
FRAUD ALERTS AND BLOCKS: The Guarantees above apply as long as there are no Fraud Alerts, File Blocks, or any other issue with your Credit File that could prevent Tradelines from posting to your Credit. Removing Fraud Alerts, File Blocks, and resolving any possible Credit-Bureau Issue is your sole responsibility, and should we detect your Credit File is affected by one of these Issues, the Guarantees above do not apply for the affected Credit Bureau(s).
UNVERIFIED SOCIAL SECURITY NUMBERS: All Clients should provide a copy of their Social Security Card Front and Back to verify their Social Security # is valid.
Personal Identification Information (PII)
We collect personal identification information from users through our application process when services are requested on our site. Users may be asked for, appropriate spelling of the name, email address, phone number, date of birth and social security number. We will collect personal identification information from the Users only if the voluntarily submit such information to us. Users can always refuse to supply personal identification information, except it may prevent them from receiving specific services.
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USES OF SHARED INFORMATION
Prioritytradelines.com is firmly committed to the privacy of its users and works hard to earn and keep your trust, so it adheres to the following principles to protect your privacy: Prioritytradelines.com does not rent or sell your personally identifiable information to third parties. Prioritytradelines.com does not share your contact information with other users or third parties without your consent.
Any personally identifiable information that you provide to Prioritytradelines.com will be secured with industry standard protocols and technology.
Prioritytradelines.com will not sell or rent any collected information to third parties.
Cardholders that work closely with Prioritytradelines will safeguard and will not use personal information for any malicious intent or to commit fraud.
We protect client information. We take our responsibility to protect the privacy and confidentiality of any client information very seriously. We maintain physical, electronic and procedural safeguards that comply with applicable legal standards to store and secure client information from unauthorized access and use, alteration and destruction. Our own policies and procedures have been developed to protect the confidentiality of client information and to help achieve compliance with relevant rules and regulations. We hold our employees accountable for complying with those policies, procedures, rules, and regulations. If information is hacked, stolen, misused or abuse Prioritytradelines will be the responsible party to contact. We will seek further details as a case by case basis.
Sharing with Nonaffiliated Third Parties as Permitted by Law. We are permitted by law to share all the information we collect, as described above, with (1) companies that perform marketing services on our behalf and (2) with other financial institutions with whom we have joint marketing arrangements. For example, we may share information with financial services providers with which we offer products such as credit cards or accelerated loan payment programs. We may also share all the information we collect, as described above, with other nonaffiliated third parties that assist us with preparing monthly statements and with the processing and printing of checks. These other nonaffiliated third parties also include credit reporting agencies to whom we report information about your transactions with us.
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By using this site, you are accepting these terms and policies. If you do not agree to this policy, please do not use our site. Your continued use of the site will be deemed as acceptance to the policy and changes.
Email: [email protected]
If you recently purchased a tradelines from Priority Tradelines and your tradeline didn't post 10 days after the statement date please follow these steps.
Proof of Purchase (Deposit slip, receipt and/or screenshot)
Include this form with your proof of Purchase (Completely fill-out)
First & Last Name:
Inventory ID/Transaction ID(s):
Date/Cost of Purchase:
Method of payment:
Credit check total/Experian.com login
I hereby claim that the tradeline purchase didn't post correctly to 1/3 credit bureaus 10 days after the statement date.
(Purchaser’s sign & date)
Contact us: (Cut, paste and email us)
A tradeline describes any consumer’s credit account status and activity. For example, a credit card account or auto loan. Tradeline information includes names of companies where the applicant has accounts, dates accounts were opened, credit limits, types of accounts, balances owed and payment histories.
Authorized user tradelines are typically revolving lines of credit on which someone with excellent credit places someone as an authorized user account holder. The tradeline then appears on the user’s credit report. This action alone causes the entire history of the account to be reported as a tradeline on the credit report of the person trying to build the credit. This excellent credit history allows the person wanting to build credit to realize score improvements.
Adding an authorized user is legal and is explained in your credit card agreement packet which comes with primary card account.
No, the authorized user is never given access to your credit card information nor do you need to share any personal or confidential data.
Credit cards and department store cards are the only ones you can add authorized users to.
Please allow up to 14 days after the statement date for your trades to post. A soft inquiry maybe required from creditor monitoring sites like Credit Check Total, Experian or myfico.com
Authorized user trade lines are good for 60 days. If you need more time you may request an extension for an additional fee.
No, the primary owner of the card does not have to give the user access to the card.
The Authorized Users
Social Security number
Date of birth
If your tradeline does not appear on your report 7-10 days after the statement you can fill out a non-posting form at the bottom of the homepage. Our team will review each case carefully to ensure we meet your needs. Please also visit our policy guide for further information regarding the refund policy.
We update our website after every transaction to ensure that clients see and order current inventory.
It may sound odd, but it is true; you can earn money by renting an authorized user account on your credit cards. Renting your credit card is an easy and profitable process. These authorized users can boost their credit score fast by associating with your good credit history.
If you meet these requirements, it is easier for you to make money with minimal effort. To rent your card you must submit the following information to [email protected]:
Tradelines make it easy for you to earn money by helping someone gain a positive credit history.
It depends on your credit lender; what’s credit card’s authorized users limit, credit history length, and the credit limit. Submit your information for a free, pay estimate. We can do this for each card.
There are a lot of people who have bad credit due to poor financial decisions or out of control credit limits. Unfortunately, these people face grotesquely-high mortgage interest rates. To qualify for lower interest rates, theymust find a way to improve their credit scores. Most methods to improve credit scores involve years of waiting and discipline.
A faster solution is becoming an authorized useron a card with a healthy credit history.
When an authorized user is added to a card with a seasoned history their credit score receives a boost. For example, a card that has been opened for over 5 years, with a $10,000 credit limit, and good payment history will have a significant positive impact on the authorized user’s score.
People who are want to build up their credit score fast are looking for people who have excellent credit and willing to rent their authorized users slots. Priority Tradelines acts as a trusted middleman for buying and selling authorized user slots.
Some credit card issuers permit adding up to 9 authorized users to a card. Your credit history will appear on their credit score, but these authorized users are not allowed spend the funds on your card.
Your one-time payment updates are comprised of your standard credit report or it may unify with credit scores. The act of adding positive rental payment history with Experian Credit Reports permits one to develop credit history via timely rental payments.
People with bad credit histories can rent a credit card. They’ll receive the positive effects to their credit report including a rapid increase to their credit score.
People looking to improve their credit contact Priority Tradelines directly to purchase authorized user slots. Later in the process approved primary cardholders are instructed to add the authorized user to their card. This can be done online or via a phone call.
The authorized user will never receive a credit card or any details enabling them to access the primary cardholder’s account. Once the authorized user gains a boost in their credit score from the primary cardholder’s positive credit history, they can remove the authorized user from the credit card.
Authorized users pay Priority Tradelines to rent a slot. Primary cardholders receive payment from our company once the tradeline appears on the authorized user’s credit report.
Clients determine how much to rent from their wallet. This monthly process can repeat for multiple cards without limits.
Nothing. No one can sell anything or use money from the rented cards. This credit score boosting process only involves renting authorized user slots.
Renting your credit score is risk-free! Authorized users can never use your credit card or access funds. We never ask tradeline brokers for their credit card number, Social Security number, or answers to any security questions. Without these, no one can use your credit card.
Yes! Renting a credit card is definitely worthwhile to brokers and those who rent. There is no limit to getting authorized users who are looking to boost their credit score fast.
Send us a message and we’ll gladly answer your query.
Credit card companies allow connecting primary cardholders with authorized users. Think of it as being rewarded for maintaining a healthy credit history for a long time.
To get started, submit the required information which is located in the "Do you meet the requirements section" and send by email.