Reply
Contributor
Posts: 93
Registered: ‎02-05-2013
0

Credit Card Usage... Best way to Show?

I am still learning when it comes to credit and want to know how is the best way to show you are using your card so it doesnt get cancelled? would the best way be to put a small balance on all the cards and then pay off right a way? or put a small balance on all cards and let them show a balance on my statement and THEN pay? I have only had my credit cards for about 4 months so im sure im still far away from having any cancelled.. thanks

 

Keith

Discover IT 02/2013 (1000.00),Chase Freedom 02/2013 (3000.00),AmEx Blue Cash Everyday 06/2013 (3000.00)
Citi Simplicity 06/2013 (1000.00)
TU FICO - 718 , CK TU - 738 , Credit.com EX - 727, Quizzle.com - 720, CreditSesame.com - 720

Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Credit Card Usage... Best way to Show?

What I've done (ESP for DH) is allocate a recurring bill or pay utility like bills. That way they can see usage. On store cards, I use them at least every quarter - socks, pjs, sheets - whatever just so I don't get a CLD from lack of usage.

I let the balances post then I PIF. Once in awhile I will let a sm bal carryover but not much.
Valued Contributor
Posts: 1,597
Registered: ‎09-15-2012
0

Re: Credit Card Usage... Best way to Show?

Generally, Your cards won't be cancelled as long as you make all your payments by their due date, and as long as you don't let them go inactive. Every lender has different standards for what is considered inactivity, but just to be safe I would use each of your cards at least once every 3-4 months.

In My Wallet: Amex BCP (12/12) $32,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Forward (12/12) $9,600

Last App: April 2, 2014
Blogger
Posts: 3,355
Registered: ‎10-19-2012
0

Re: Credit Card Usage... Best way to Show?

I like to keep utilization under control so I don't set up recurring charges. Instead, I simply casually pull a card out of the sock drawer to make a purchase on it once in a while. I only have 10 cards though.

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.