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So I my reading I read that the credit gods like to see that your actually using your cards and it's not good to sock drawer them. So I decide I should charge a small thing on my Orchard/Chase card that hasn't been used in 6 months or so. I charge a $5 burrito and the card reports and my fico score drops 15 points because "you have to many accounts with balances." UUUHHHHHHGGGGG that's aggravating! I mean It'll disappear next month but I'm shopping for a car as soon as the other three bureaus show my recent balances and AMEX CLI and I didn't need a 15 point drop for something this freaking stupid!
Ok thanks for letting me vent.
Unfortunately, FICO scores can be pretty stupid sometimes. I wouldn't worry about it too much if your credit is in overall good shape. I've never concerned myself with accounts with balances or utilization for a credit card app. It is bad timing that your shopping for a car soon, though I still don't think it will be too big an issue.
I received a EQ score increase of 12 points today and I do not know why. The only thing different was that a second account reported with a zero balance (previously it reported $1 last month. Makes me think I need two accounts at zero. Weird
I guess you do. Maybe I'll try and only have two cards with balances.