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tblank, here is my two cents.
The discussion about whether 10% vs less than 9%, but greater than 0% is better is all just extreme fine tweaking of FICO scoring. No one has a copy of the FICO algorithm in their pocket, so cannot tell you definatively.
What is definitive is that unless you are about to app for new credit, it just dont matter from month to month. % util FICO scoring has no memory of last month. I would focus on overall % util, and not worry about fine tweaking each card, or the number of cards that monthly report balances until you are ready to actually app for new credit.
I would concentrate, until FICO scores really matter, on overall % util, and not on whether I PIF over half my cards each month. Lipstick on a pig.
@RobertEG wrote:tblank, here is my two cents.
The discussion about whether 10% vs less than 9%, but greater than 0% is better is all just extreme fine tweaking of FICO scoring. No one has a copy of the FICO algorithm in their pocket, so cannot tell you definatively.
What is definitive is that unless you are about to app for new credit, it just dont matter from month to month. % util FICO scoring has no memory of last month. I would focus on overall % util, and not worry about fine tweaking each card, or the number of cards that monthly report balances until you are ready to actually app for new credit.
I would concentrate, until FICO scores really matter, on overall % util, and not on whether I PIF over half my cards each month. Lipstick on a pig.
What you say is true but in this credit climate I would be careful because you might get severe AA from an issuer if they don't like the way you are handling all of your accounts.