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Valued Member
Posts: 140
Registered: ‎09-26-2012
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Am I paranoid about credit usage?

i use each credit card i have AT LEAST twice per billing cycle so as to have AT LEAST 2 transactions. Preventing Limit Decreases and GASP.. Closed Accounts. Am I just totally ridiculous?

Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
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Re: Am I paranoid about credit usage?


afjock21 wrote:

i use each credit card i have AT LEAST twice per billing cycle so as to have AT LEAST 2 transactions. Preventing Limit Decreases and GASP.. Closed Accounts. Am I just totally ridiculous?


yes :smileytongue:

 

they won't close your accounts for barely using it, every 4 months I buy a hotdog with the ones I don't like to use. but most my cards have a purpose so it's fine.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Valued Contributor
Posts: 1,910
Registered: ‎11-17-2012
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Re: Am I paranoid about credit usage?


afjock21 wrote:

i use each credit card i have AT LEAST twice per billing cycle so as to have AT LEAST 2 transactions. Preventing Limit Decreases and GASP.. Closed Accounts. Am I just totally ridiculous?


Not at all! I use my cards religiously as well...making sure to use each of them at least once a month...I think I've only ever not spent something on a card during a billing cycle twice o.O I also just let the balances report, making sure to keep well below or at 10% utilization. Will probably make sure to PIF to $0 except on one card when I'm ready for a car loan in the somewhat distant future :smileyhappy:

Capital One Quicksilver World Mastercard $20k | JCPenney Gold $10k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $13.7k | Discover IT $13k | SavingStar American Express $14.8k | American Express BCE $11.3k

FICOS: EX 759 EQ 704 TU 754 VantageScore 3.0: EX 746 EQ 747 TU 747 Credit Sesame (EX) 756 Credit.com (EX) 784
Valued Member
Posts: 140
Registered: ‎09-26-2012
0

Re: Am I paranoid about credit usage?


daybreakgonesXe wrote:

afjock21 wrote:

i use each credit card i have AT LEAST twice per billing cycle so as to have AT LEAST 2 transactions. Preventing Limit Decreases and GASP.. Closed Accounts. Am I just totally ridiculous?


Not at all! I use my cards religiously as well...making sure to use each of them at least once a month...I think I've only ever not spent something on a card during a billing cycle twice o.O I also just let the balances report, making sure to keep well below or at 10% utilization. Will probably make sure to PIF to $0 except on one card when I'm ready for a car loan in the somewhat distant future :smileyhappy:


 yeah i do twice because i want to make sure the creditor knows i'm not foolin around

Valued Contributor
Posts: 2,280
Registered: ‎07-23-2012
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Re: Am I paranoid about credit usage?

How many cards do you have? I've notices small gains/decreases for letting more then 3 cards report even if its like 4 dollars
Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$6,400
Citi DC $10,000
Citizens Mastercard$7,000
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