<prompt> Human: I just financed a new phone for 1,598 yesterday. On the manufacturers website, it approved me for 1,600 zero-interest financing for 24 months. During the order process, it charged the 1,598 to the approved financing and I was asked to pay the sale tax159 using my creditdebit card.I didnt really think about until just now. If the phone manufacturer approved me for 1600, isnt that like a bank issuing me a 1600 credit line? Since the phone purchase was 1598, doesnt that mean my credit utilization is 99? 1598 out of 1600 Isnt that like having a 9999 balance on a credit card with 10000 credit limit? Or is it different for phone financing? Edit: I reviewed my credit file this morning and the hard credit pull for the phone financing already appeared. Edit 2: Sorry, I should made it clear that I didnt buy ONE phone for 1598 because that would be nuts. : no offense to iPhone XS Max buyers : I financed two new Pixel 3 phones799 x 2 1598 via Google Project Fi.Thanks!  <response>: Is this a loan, or a revolving credit account that starts out maxed out?Consumer finance loans CFL are handled different in FICO than revolving credit, but it does still contributes the same to your overall credit utilization ratio. 