Credit Card Center Advertiser Disclosure†
03-26-2013 04:49 PM
I have paid off all my CCs to a zero balance. I do have some regularly recurring fees that I have spread out amongs 3 of my CCs....small amounts which I am able to pay-in-full every month. Is it best to leave the charges split up between the 3 cards, or place them all on one card (the one with the higher limit so as not to have a high utilization)
Anyone have any insight/input on this??
03-26-2013 04:56 PM
Use whatever gets you the best rewards. If those are either equal or not applicable, use the one you think you can get the best CLI's out of. When given consistent use your more easily get CLI's. Use them all at least once every three months. Pay the bill in full a couple of days before your statement ending date to prevent balances from reporting.
03-26-2013 05:19 PM
1 account @ 2% of total credit limit ( $200 / $10,000 all cards combined limit) rest of the cards at 0% when they report = optimum
03-26-2013 06:46 PM
If you don't care about rewards, I would use a different, single card each month to avoid managing multiple cards at once and still show activity every few months.
03-27-2013 02:59 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.