@Anonymous wrote:
Hello everyone, I am trying to determine whether leaving a minimal balance on my credit card accounts (>1% ) will be considered "too many accounts with balances". Historically, I have always revolved a few accounts with less than 10-30% and the remainder of my accounts at zero dollars. Particularly, I have found that when l garden an account for an eventual increase, I will typically leave 10% to 30% on the account got a few months to prove worthiness to the issuer. I have found in the past, some issuers liked to see some accounts with $0 balances. However I have never tried leaving less than 1% on accounts. How do issuers perceive these balances, and how do they effect your CS?
You dont want all your accounts reporting a balance at the same time you would get quite a Fico ding, it would happen even if there is just 1 on each card, you ultimately want 1 card reporting 1-9% of its CL and the rest at 0, you can rotate the accounts that report if you wish, I let 2 of 20 report a balance with no big Fico hits, it just depends how large your portfolio is as to how many cards you can have reporting a balance. You dont even need to worry about it unless you are apping for credit. IMO the issuer doesnt care if you PIF before or after the statement cuts but they do care what your Fico is.
