2697 wrote:Does using my CC for my bills, gas, etc, every month then paying it off every month actually help my fico score or not?
Welcome.. Please read the Scoring 101 thread:
2697 wrote:Yes, but this said "floating balance" is going to cost me $ on the cards I do have an APR% on. So do you just recommend using my Rewards cards every month (not going anywhere near 10% of limit) and pay them off every month?
FICO_Focused wrote:You can use all of your limit with the rewards card. And if you pay before the statement date, you will likely have paid no APR (depending on card user terms.) and still have $0 bal on your CRs.When I suggested you carry a small balance month over month I was referring to the highest possible FICO imact strategy. Which is simply to keep your balances between 1% - 10%. This is NOT financial best practice advice... It is merely FICO best practice advice. Unfortunately they don't always match up.Take Care.Rob
trinigal wrote:1-9, on time, all the time!!!