@ALLgoodABQ wrote:
I've got 4 accounts: the 3k Barclays, 500 Amex BC, 750 cap one QS, and a amazon store 900. All of my other cards have balances on them now, but working to pay all off. I'm at about 32% uti across all cards
As you are working on the pay down of overall utilization, every couple of months, still charge a tank of gas on the Barclays, but pay it off BEFORE they send a statement with a balance. That way the card with your highest credit line will not be dormant for months, will still report with a zero balance. Do the same on all cards as they get paid off on a rotating schedule, one month gas, or netflix for example on Barclays, following month on the next account you chose to target to pay in full. Once you get down to the very last card with all others reporting zero balances at statement cuts not due date, as long as you are under 8.9 percent of its' total credit line you should be at optimal, If you wish to be lower, let at least a $10-20 balance, some people have reported the down to a dollar was construed and reported as a zero balance, and gonged for having all cards reporting zero.
As your accounts if new age, hopefully the creditors will raise your lines of credit, or credit line increases can be asked for, but make sure they are only soft pull inquiries, you don't want a hard pull inquiry unless absolutely necessary. This can help on utilization, and if need to carry a higher balance than can extend the 8.9 percent to a higher amount without it affecting your score.
