Was one of the reasons for being rejected by Sears. I know the definition of utilization, however I cannot figure out how I have been (mis)using my cards. For six months now; I have made purchases (25% - 50% of the limits) and paid down the balances on two secured credit cards. At the time I applied for the Sears card, both credit cards had a zero balance.
RE: Utilization of Available C Your two secured card issuer's may not report the CBAs every month ... so, you're credit bureau report may have shown the balances from a couple months ago...
RE: Utilization of Available C Actually, Sears credit card is harder to obtain than most think. They want to see years of established credit prior to approving.
RE: Utilization of Available C Keep in mind, the credit bureaus lag by from 1-2 months, so even if you pay your bill off, it might have last months balance still reporting. I noticed this on my "online equifax" report i paid for the other day.
RE: Utilization of Available C How long have you had credit cards? Some credit granters like to see a longer credit history. If your accounts are less than a year old, this may be the reason.
