Your score is based on many factors, such as payment history, amounts owed vs. amount of credit available (credit utilization), age of credit history, new credit, and type of credit.

It seems like you make all your payments on time, which means your payment history should be good. You don’t use much of your available credit, which means your utilization is low, and you’ve had your card for a few years, which means your history is established.

I think the fairly high limit is fine as long as you aren’t looking to take out additional large lines of credit. In fact, a higher limit can help your score because it keeps your utilization lower. Based on limited info, your situation shouldn’t affect your score negatively.

If I have a Credit Card with a credit limit > $10,000, but have used it sparingly over the past couple of years (say, not more than $200 annually with punctual payments), does that affect my credit score negatively ?

Thanks !

The account is helping you because it helps your average age of credit. The older the average age of your accounts, the better. It also helps your credit utilization rate because you have that amount of credit that you are not (and will not use).

The only way it could hurt you is the type of credit it is - a store branded charge account. These are generally labeled as consumer finance accounts, which tend to have a lower rating than regular credit cards or secured loans like a mortgage or car note.

But, I’m not sure it’s going to be a big deal for your credit score. I would think that overall it is more toward neutral, but I’m not 100% on that.

Any thoughts on what action, if any, I should take? Is it helping, hurting, neutral?

Your post revealed the truth about credit score as this information will help to maintain a high credit score. Thanks for the valuable post.

Jeff Clair