Credit Card Center Advertiser Disclosure

Regular Contributor
Posts: 156
Registered: ‎06-01-2012
0 Kudos

If you only have 1 CC, 0 or 1% util?

[ Edited ]

So I've read quite a bit about util, however, I never came across anything that applied directly to my situation.


I currently only have 1 TL reporting (CC) and my AAoA is 1 year (had the CC for about 1.3 years).  I know people often say you want one card reporting 1% and the rest reporting 0%, but how if you only have one card?

With 0% util:

TU98: 796

EQ: 742.

With 1% util:

TU98: 770

EQ: 746


With the thought in mind of applying for 2-3 new cards, which do you think will look the best?  I know my AAoA will hurt me, but speaking strictly util-wise, is it better I have the freakishly high TU with only 1 TL, or let the 1% report and have the lower TU and slightly increased EQ score?


Side note: I have no baddies on my report whatsoever (very thin file, this is the only thing reporting on it, period).

Moderator Emeritus
Posts: 14,122
Registered: ‎04-15-2011
0 Kudos

Re: If you only have 1 CC, 0 or 1% util?

You do have high scores and congrats to you on that.  However as you have said you do have a thin file.  This may prevent you from getting some credit lines due to the fact you have but 1 revolving account.  The general rule is 3 revolving accounts to make full use of it.  I do advise only apping for anything if you absolutely need, or want it.  If you take the hit now for Inqs and the AAoA they will age rather quickly and will demonstrate better use of revolving credit.  Good Luck!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Regular Contributor
Posts: 156
Registered: ‎06-01-2012
0 Kudos

Re: If you only have 1 CC, 0 or 1% util?

Yes, I realize I have weaknesses in my credit history because I'm young, but I'm speaking strictly util-wise, would it be better for 0% or 1%?  I feel like the 796 is artifically high, and since most lenders don't use the TU98, I think the 1% is the better choice because EQ goes up and I'm assuming my TU04/EX may also have similiar changes.  I think the TU98 score is just skewing it a bit.


I'm wondering if anyone else has any experience in this area or if they agree it would be better to have the 1% when applying than a $0 balance.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.