Reply
Established Contributor
Posts: 756
Registered: ‎01-20-2012
0

Now that I have these cards, what do I do with them haha

Besides "use them" I mean ;-)

 

Discover

Visa

JC Penny

 

 

Use all three in the same month, PIF two before statement cuts then PIF the 3rd right after or what is the best way to use them to help scores?

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
Established Contributor
Posts: 669
Registered: ‎11-13-2012
0

Re: Now that I have these cards, what do I do with them haha

Use one to about 1-9 percent then PIF .. Rotate as you wish
My two cents.
Wallet: Barclay-5k, Citadel MC- 5k, Slate- 4k, Freedom- 3k, BOA- 3k, Citi- 2k, AMEXBCE- 2k and more...
Senior Contributor
Posts: 4,672
Registered: ‎12-11-2011
0

Re: Now that I have these cards, what do I do with them haha

Its normally pif before statement cuts (all but one, in this case 2,you're right) and then pay the third one down to a small balance, 1-9% (like previous poster said) and then PIF after statement. You only really need to do this if you plan on apping for something since utilization is a "this point in time" thing and changes every month.
;
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.

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.