Is my friend illogical?

[FinStar]

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@megaman1 wrote:

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@longtimelurker wrote:

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@megaman1 wrote:

I'm not sure about his income, but he currently has 20,000 CL total between his 4 cards. Thing is he only reports .5% utilization because he only uses $100 per month of his credit LOL. I have no idea why, but do you think the CCC will CLD? lol

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So he uses only a small amount, i.e. the $100 that reports is the only usage?   I ask because I am similar, or rather worse, from a reporting standpoint (about $200 report on ~ $300K limit) but I use much more.    But either way, I wouldn't expect an issue.

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Yeah, isn't it crazy that he only uses and reports $100?! I think so.

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Nah, it's not crazy... it's all about perception.  I kinda do the same thing at times, similarly to what longtimelurker mentioned.

[longtimelurker]

Presumably he is missing out on rewards by not using reward credit cards but if his spending isn't big it's really not a whole lot of money and so I wouldn't say crazy.  Maybe credit cards in general just aren't that important to him.  (Hard to believe but there are some!)

[irrational]

Sounds like your friend is being perfectly reasonable.

My guess is that he knows about credit scoring, wants to report a 1% util, but actually has no desire in using the credit cards directly. Perhaps he's maximize his score for a future home or auto purchase?

[jamesdwi]

Tell your friend keep it up, after 3 years I would bet his score is over 750,  after 5 years over 800, and after 7 years 850.

Bank love to give people credit that don't appear to need credit.