Credit Cards Center Credit cards from our partners
Established Member
Posts: 32
Registered: ‎02-18-2014


Hello, I am 18, brand new to credit. I wanted to get a credit card, and long story short I accidentally got two: A Capital One Journey with a $300 limit and a Discover It with a $500 limit. I just got my Cap One in the mail and made my first purchase. I just want to know what the best way to maximize my credit score is in terms of balances reporting. My statement cut date for cap one is on 3/11 and the due date is on 4/8. Should I let one of these cards report zero balance and the other between 1-9% as I have read here? How do I know when to make payments to make sure a higher balance won't report? Will it really hurt my score that much? I'm not in the market for any auto or home loans for at least 5-7 years, but in August I will be taking out some federal student loans. I just want to start my credit out on the right foot! Thank you!

Frequent Contributor
Posts: 449
Registered: ‎02-03-2014

Re: Utilization

You're on the right track.  I'd let one report $0 and the other between 1-9% of your total utilization.


I have both cards (CapOne and Discover IT).  For both, once you get the email that your statement is available, they report within a couple of days and it takes the bureaus a couple more days to reflect the new balances (EX is always fastest for me).  I recently called Discover to ask about this.  My statement date is the 23rd of each month.  They advised to have my balance that I want reported to show in my account no later than the 20th for reporting purposes (ACH payment takes a couple of days to clear and update your balance right before reporting).  Once you get your "statement available" email, you can use the card again until that '3 days before date" the following month.  Same way with both CapOne cards.  If you ever need a manual push for any reason (off cycle reporting), Discover will gladly oblige.  CapOne, no chance.  LOL.  Hope this makes sense.


Good luck and I wish you the best.  

FICO SCORES: TU 769; EX 790; EQ 790 ***Gardening indefinitely***

New Contributor
Posts: 97
Registered: ‎02-03-2014

Re: Utilization

If I had to do it over, I would keep my cards at less than 20% utilization. I always have paid no less than twice the minimum when payment is due. I only just today came under 20%, when  capital one gave me a big increase. good luck, stay on top of your credit. your credit worthiness means a great deal to it a job, employer, bank, landlord, rich girlfriend's snooping daddy... lol u get the point

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on 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.