hope I understand utilization clearly.
1. Let's say I have three cards in total. Pay two cards in full at the end of the month. Pay one card down to below 10% of its total credit line.
2. Use only one card, leave the other two at home. the card I'll be using should not be spent more than 10% of its total credit line, and pay it in full at the end of the month?
Which of the action is the correct way to utilize?
Reason I'm asking is, last time I kept all of my cards balance below 10% I got a 25 point reduction in Fico Score and the explanation on Fico Watch was too many cards carrying balance. thanks!!