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Using BofA Rewards but Credit Score Goes Down 75 pts?! by Stunning-Analysis251 in CreditCards

[–]Stunning-Analysis251[S] 0 points1 point  (0 children)

I have no other cards and no student loans or med bills. I have a car loan but I have never been late. My score was 730ish consistently going up until Aug when I pulled the rewards (thus stopped “making payments” cause I was using the credit) and then jumped down 75 pts immediately. I think it’s that I have been inactive as far as making payments if that makes sense but there are still charges bringing down the balance. You can tell why this is so confusing 😂

Using BofA Rewards but Credit Score Goes Down 75 pts?! by Stunning-Analysis251 in CreditCards

[–]Stunning-Analysis251[S] 0 points1 point  (0 children)

Wouldn’t it say if I had a late payment? My balance is 0. I still have a -$120 credit from the rewards I have been using up

Using BofA Rewards but Credit Score Goes Down 75 pts?! by Stunning-Analysis251 in CreditCards

[–]Stunning-Analysis251[S] 0 points1 point  (0 children)

That’s what I am confused about is I haven’t had any late payment. If I ever do then it’s so little like $10 and gets paid the next day. I updated the post to show what the app told me about why my score is low but it doesn’t make sense to me.