Should I let my cards report small balnace.. Or???

plasticcards · ‎08-04-2013

Hello! I was wondering is it good to leave a small amount maybe $150 or $200 reported on my credit cards on my report or is it better If I pay out completely every month and report will show $0? Let me know if you have any advice. Thanks

CBTS · ‎08-04-2013

Let one card report a small balance ( 1-9% UTIL of it's limit) and the rest $0 balance. This will optimize your FICO score.

Guyatthebeach · ‎08-04-2013

I would keep your utilzation under 9% and you will be fine!

Luscher · ‎08-04-2013

Should it be 1-9 percent of the cards util or your entire until?

Elcid89 · ‎08-04-2013

@Anonymous- wrote:
Let one card report a small balance ( 1-9% UTIL of it's limit) and the rest $0 balance. This will optimize your FICO score.

+1

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Elcid89 · ‎08-04-2013

@Luscher wrote:
Should it be 1-9 percent of the cards util or your entire until?

Entire utilization. You want to keep your overall utilization below 10% to optimize FICO.

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $58k - BMW Ultimate $40k
Chase Sapphire Preferred $62k - Merrill Lynch + Signature $41k - USAA Rate Advantage $28k
NFCU Flagship Signature $50k - USAA Cash Rewards AMEX $28k
Citi Platinum Select / AAdvantage Signature $31k - Chase Amtrak Rewards World MC $41k

myjourney · ‎08-04-2013

@Elcid89 wrote:
@Luscher wrote:
Should it be 1-9 percent of the cards util or your entire until?
Entire utilization. You want to keep your overall utilization below 10% to optimize FICO.

Correct

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

Luscher · ‎08-04-2013

sweet cause i keep my utilization to 0 lol, well probably a .000001 for that one small balance that posts

enharu · ‎08-04-2013

If you are not applying for any new credit / loan in the near future, just let high balances report once in a while, just to show usage.

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09Lexie · ‎08-04-2013

I agree with enharu regarding usage but keep in mind lenders sp for auto CLI's. you always want your cr to be pristine.

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