@Anonymous wrote:
In all fairness, I've noticed that statements aren't reported regularly if there's no balance to report. It may make you look good with that particular creditor, but to other creditors, the reporting gaps mean other things. Leave something ($10) on all your accounts, just so they stay regular with reporting.
Got credit cards? Use. All. Of. Them.
Are you saying leave 10.00 reporting on all your accounts?
All but certain my fico scores would drop for "too many accounts with balances"
From watching month after month of ficos, my scores are maximized by reporting only one balance and a very small one at that. Mine atleast.
Comenity in my limited experience has been the only issuer that would regularly not report when there has been no activity and continue to not report untlil activity again. Glad I no longer have a comenity account.
Macy's was sketchy so I just closed them at the two year mark. While there are missing months, this closure and those missing months seem to have had no adverse impact.
Thinking my plan will be to continue to pay my new AMEX Prg PRIOR to statement close in full (leaving no balance). Next closing date is the 18th and the new account has not yet reported.
I could only hope that if there is no balance to report, they dont report at all. Then maybe my AOAA wont be impacted as much for a new account if it ever does report... 
@Anonymous wrote:
@Anonymous wrote:
In all fairness, I've noticed that statements aren't reported regularly if there's no balance to report. It may make you look good with that particular creditor, but to other creditors, the reporting gaps mean other things. Leave something ($10) on all your accounts, just so they stay regular with reporting.
Got credit cards? Use. All. Of. Them.Are you saying leave 10.00 reporting on all your accounts?
All but certain my fico scores would drop for "too many accounts with balances"
From watching month after month of ficos, my scores are maximized by reporting only one balance and a very small one at that. Mine atleast.
Comenity in my limited experience has been the only issuer that would regularly not report when there has been no activity and continue to not report untlil activity again. Glad I no longer have a comenity account.
Macy's was sketchy so I just closed them at the two year mark. While there are missing months, this closure and those missing months seem to have had no adverse impact.
Thinking my plan will be to continue to pay my new AMEX Prg PRIOR to statement close in full (leaving no balance). Next closing date is the 18th and the new account has not yet reported.
I could only hope that if there is no balance to report, they dont report at all. Then maybe my AOAA wont be impacted as much for a new account if it ever does report...
Amex will always take at least couple months to start reporting a new account. However, your strategy is very smart. They may end up not reporting it if it keeps closing with a 0 balance. We need to try this However, i assume they still will report at least once because it is a new account.
@KSK1912 wrote:
@Anonymous wrote:
I'm about to find out for sure. The first statement on my PRG closes on the 19th and I'm going to PIF before the statement cuts, so I'll keep y'all posted.Please keep us posted. That would be great find, as to keep it as an HTL by paying it off every month before statement.
Well, I jacked that experiment up... Had it PIF, the 19th is the closing date, so I started using it again.. This thing took one charge, cleared it and the cut the statement with a $7.00 balance.... AAAARRRGGGHH!!!! Crap. So much for it being hopefully a hidden account... 