@Anonymous wrote:
Ok - I have 4 new cards and only one has cut a statement - I got hit with a 37% util on the CR but dont really care - as the other 3 cards aren't really showing and I didn't know what day the statement would cut (it was literally less than a week after I made the purchase - so I didn't expect it that fast.
Anyway - I know you guys have said - pay all cards to 0 - and let one show 10% - What I'm wondering is if ALL cards show some balance (like $10-20 or so) and it totals less than 10% of my total cards $2000 ($500 each) - will it score the same?
I have to get those first statement to learn the cut dates...... then I can make sure its paid off a day ahead - except for one!
Hope that all makes sense....
All cards showing a balance is not good. There is no hard, defined breakpoint on how many of your cards can carry a balance without it hurting scores, but its generally assumed to be more than 1/3 to 1/2 of the total number of active open cards - hence the recommendation for 3 or more cards and one card carrying a balance. That will always put you in the ideal range no mater how many cards you have (assuming you have the three minimum).
BUT, always keep in mind that these sorts of UTI issues are VERY temporary bumps, as it can easily be corrected over the next report cycle, and it leaves no lasting damage.
