@belle6m2kwrote:
Question for you helpful experts. Paying off the balances on all my cards this month but I know a zero reporting balance on all cards is a negative. Does it matter if the card you let leave a balance is a bancard or scorecard? I have $127 left on a Best Buy card that has zero percent interest for 6 more months so paying the minimum or a bit more does not cause me any interest charges. Is it ok to use this one as my reporting card or is a bankcard better?
There are two types of store cards: Those that are cobranded like a Best Buy Visa card that can be used with other merchants and those that are store only cards (like a my Best Buy store only card). Co-branded store cards always count toward revolving credit use. Some store only cards, although revolvers that allow payment over time, get classified as charge cards. As with AMEX charge cards, a store card classified as a charge account may not count.
As always I recommend you test yourself - then you no for sure how your account is treated. Any potential drop in score would only be point in time, so no harm done and question gets answered definitively by your own data.
Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
