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
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.