No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I have one credit card.Is it better to pay it off fully for maximum credit scores or keep the balance at 9% for the billing statement? Curious to know if the 9% ulti rule apply to people with only one credit card.
somewhere between 1-9% on one card is ideal, I Would pay it down and leave 1% showing.
There has been a maximum effect on my FICO scores when 1% utilization has reported. YMMV.
Ideal would be to get 2 more cards.
@MountainHiker wrote:I have one credit card.Is it better to pay it off fully for maximum credit scores or keep the balance at 9% for the billing statement? Curious to know if the 9% ulti rule apply to people with only one credit card.
What does your file look like? It's better FICO scorewise to have 3 CC's reporting 1 of them with a 1-9% balance and the others zeroed out.
@Crashem wrote:Ideal would be to get 2 more cards.
+1 and carry a 1-9% uti on one card and have 2 others paid in full.
@Crashem wrote:Ideal would be to get 2 more cards.
Crashem,LS & everyone else.
I had no idea that having three cards compared to two cards influences a credit profile. Do you think it better to apply for the two cards on the same day or spread the time out between apps?