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FICO does not seem to like all zero balances. It is good to have a small balance on 1 of your cards. Most say between 1%-9% of your total revolving credit.
So, if I were you I would go charge something small and let it report.
My understanding is that a small balance on one card yields the best results, but bring down your overall utilization should provide some boost. It's really up to you how you want to handle it. Can you wait a little while longer, until your most recent inquiries age?
one card would be best.
@nvrgvupnvrsrndr wrote:
Thanks. Do I need to put a little something on each account or can I just make a purchase on 1?
+1
Just one card
i have a question i have a WF CC with a limit of $2000 and i always leave a 7% balance so they can report, now i found this:
May 2013: $139 / May 16, 2013 / $15 / $387
Apr 2013: $139 / April 16, 2013 / $15 / $282
Mar 2013: $131 / March 15, 2013 / $15 / $175
Feb 2013: $130 / February 6, 2013 / $15 / $139
Jan 2013: $139 / January 16, 2013 / $15 / $168
reported, am i doing this right? even if i use more that $139 (7%) i always pay it down before the statement date so they can only report like i used 7% only. But im confused by the last amount shown above. can someone tell me if im doing this right. thanks
@Steph217 wrote:i have a question i have a WF CC with a limit of $2000 and i always leave a 7% balance so they can report, now i found this:
May 2013: $139 / May 16, 2013 / $15 / $387
Apr 2013: $139 / April 16, 2013 / $15 / $282
Mar 2013: $131 / March 15, 2013 / $15 / $175
Feb 2013: $130 / February 6, 2013 / $15 / $139
Jan 2013: $139 / January 16, 2013 / $15 / $168reported, am i doing this right? even if i use more that $139 (7%) i always pay it down before the statement date so they can only report like i used 7% only. But im confused by the last amount shown above. can someone tell me if im doing this right. thanks
You're doing it just fine. Normally, that other amount is the "last paid" or whatever payment you made to WF.
Thanks , i usually make a payment before my statement date to lower my balance to 7% before they report me. so im all good wew!. the $15 is the minimum payment which of course i dont do as i pay the whole thing