topic Re: New Cards Utility Question... in Credit Cards

New Cards Utility Question...

Anonymous — Sat, 04 May 2013 00:47:38 GMT

Is it ok if my cards report like this, as far as a good utilization percentage?

Amex Green NPSL: Payed off Entirely
Chase Sapphire: 500/5000
Citi TY Preferred: 0/3500
Amex BCE: 0/2000
Discover It: 0/1700
Capital One: 0/1500
Bank of America: 0/700

Re: New Cards Utility Question...

myjourney — Sat, 04 May 2013 00:48:57 GMT

@Anonymous wrote:
Is it ok if my cards report like this, as far as a good utilization percentage?

Amex Green NPSL: Payed off Entirely
Chase Sapphire: 500/5000
Citi TY Preferred: 0/3500
Amex BCE: 0/2000
Discover It: 0/1700
Capital One: 0/1500
Bank of America: 0/700

Yes indeed

Re: New Cards Utility Question...

LS2982 — Sat, 04 May 2013 00:50:10 GMT

@Anonymous wrote:
Is it ok if my cards report like this, as far as a good utilization percentage?

Amex Green NPSL: Payed off Entirely
Chase Sapphire: 500/5000
Citi TY Preferred: 0/3500
Amex BCE: 0/2000
Discover It: 0/1700
Capital One: 0/1500
Bank of America: 0/700

Yup thats very good!!!

Re: New Cards Utility Question...

Anonymous — Sat, 04 May 2013 00:53:32 GMT

Better than my list.

Re: New Cards Utility Question...

Anonymous — Sat, 04 May 2013 01:58:59 GMT

Nice thanks for the feedback! So even if I wanted to, I could report upwards of up to 1440 dollars on the sapphire as long as my other cards are at 0 right? I came at this number because my total credit with all cards is 14,400 x .10 (utility) = 1,440.

Re: New Cards Utility Question...

LS2982 — Sat, 04 May 2013 02:00:25 GMT

@Anonymous wrote:
Nice thanks for the feedback! So even if I wanted to, I could report upwards of up to 1440 dollars on the sapphire as long as my other cards are at 0 right? I came at this number because my total credit with all cards is 14,400 x .10 (utility) = 1,440.

Yup!!!

Re: New Cards Utility Question...

Anonymous — Sat, 04 May 2013 02:32:30 GMT

Thanks!!!!

Re: New Cards Utility Question...

myjourney — Sat, 04 May 2013 03:02:14 GMT

@Anonymous wrote:
Nice thanks for the feedback! So even if I wanted to, I could report upwards of up to 1440 dollars on the sapphire as long as my other cards are at 0 right? I came at this number because my total credit with all cards is 14,400 x .10 (utility) = 1,440.

You got it

Re: New Cards Utility Question...

nicholasyud — Sat, 04 May 2013 03:04:17 GMT

if you not going to apps for anything then they shouldn't be a problem how they report your balance.

Re: New Cards Utility Question...

Anonymous — Sat, 04 May 2013 03:04:35 GMT

Yup very good util. Don't try to go above 30% on any one card if you plan to apply for something though. If you are not applying for anything then it doesn't matter.

Re: New Cards Utility Question...

boomhower — Sat, 04 May 2013 12:56:29 GMT

It's very good. For the absolute highest FICO you'll want the reported balance a touch less, you want <9% on the card that is reporting. If you go to 1440 it's ding a bit further. Also for each additional card that reports a balance you'll take a ding. If you don't plan on applying for anything it's all moot. Just use and pay. When you are going to app for a card or loan then take the effort to make sure it all reports as $0 but the one card.