Re: Is this a sound Util strategy?[ Edited ]
03-12-2012 02:28 PM - edited 03-12-2012 02:29 PM
My personal util strategy goes like this.
I dont "fine tweak" each month, and thus dont worry about achieving max util pts each month. If I dont plan to app for new credit within a few months, I dont go to that level of monthly aggravation.
But I keep two things in mind when letting util creep up on a card. One, keep it low enough so that if and when I do have a need to app for credit and need my max score, my util is in the ballpark so that I can get it under 10%. And, two, I have concern that keeping a regular balance on a card that gets above, say 30% or so, may trigger an internal review by the creditor, and a possible credit limit decrease. So, I look at it both from the point of view of what I may have to do, and what the credtior could possibly do.
The "overall below 10%, none over 9%, half not reporting a balance" mantra is sound, but not my monthly mantra.