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@KingAdrock wrote:
I do know that 1-9%; util is best for your score. But what if your balance is not zero but less than 1%? How does that effect your score? Is it good, bad, or good but not as good as if it where >1%?
Really? Any non-zero balance is counted as 1%?
@smallfry wrote:FICO will pick it up as 1%.
KingAdrock wrote: I do know that 1-9%; util is best for your score. But what if your balance is not zero but less than 1%? How does that effect your score? Is it good, bad, or good but not as good as if it where >1%?
KingAdrock wrote:
Really? Any non-zero balance is counted as 1%?
smallfry wrote:FICO will pick it up as 1%.
KingAdrock wrote: I do know that 1-9%; util is best for your score. But what if your balance is not zero but less than 1%? How does that effect your score? Is it good, bad, or good but not as good as if it where >1%?
That is the best news I have ever heard.
@Anonymous wrote:Yep, the "1-9%" that you always hear around here is just shorthand for saying, "greater than $0 but less than 10%."
@Anonymous wrote:I have 1% utility showing on my TU report (I have a few very high credit limit cards that report revolving as installment, but I won't get into that here)--Ratio of your revolving balances to your credit limits
1%However, the actual ratio is only 0.02443%