Utilization Question

[Anonymous]

If your UTL is low and balances on less than 1/2 of open accounts- there is no need to pay early-

I know I have finaly gotten to this point where I no longer have to pay early and still keep UTL down- 

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dragracer wrote:

My utilization is usually about 2%.  Would it benefit me to pay before the statement drops?  Can utilization be too low?  How low is too low?

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[Anonymous]

Thanks!

Next question:  I have about 7 open accounts, 2 of which are new and I only opened to get 10% discount at Target/ Steinmart on that day.  What is the upside or downside to keeping these accounts?  To closing these accounts?

[SmartCookie]

I'd keep them if there are no AFs.  They will help with UTI, and make the hard INQ worth it.  You never know when you might want to use these 2 cards again to take advantage of a sale or code that is only for cardholders.

fused has a very nice informational thread on closing cards.  http://ficoforums.myfico.com/fico/board/message?message.uid=41393