topic Re: Rotate my AZEO? in Understanding FICO® Scoring

Rotate my AZEO?

FreedomHammer — Thu, 16 Jun 2022 23:47:37 GMT

I have been AZEO for several months now and was wondering if I should allow the other four of my five cards to report a balance at least once?

I cannot find the thread, but someone remarked the AZEO method should rotate or at least allow the other cards to report some balance annually. Is there a scoring penalty if I do not?

There seemed to be too much score instability when I would rotate using the Apple Card, as Goldman takes forever to report. The same applies for my Self VISA.

Card # 1: Self VISA

Card #2 C1 (My AZEO card)

Card #3 Apple Card

Card #4 Amex BCE

Card #5 Amex Green

I only allow my C1 card to report $6 (1% UTIL) across all of my accounts.

I might use my Self VISA quarterly for $30, and pay it off the next day. I have only ever allowed my Apple Card and Amex cards to ever report a balance once. Does this matter?

Also, I was thinking: even if I use my Self VISA, let's say next month, and pay it off before the statement cuts, does that mean that the card is active?

So far, my score has remained super stable using this method and was wondering if I will face a penalty down the road if I do not rotate.

Re: Rotate my AZEO?

Credit4Growth — Fri, 17 Jun 2022 00:48:11 GMT

I hear that it does not matter much and have not seen it matter much at all when I was trying this out for myself the 2nd half of last year. - Their were fluctuations with my scores but at the same time there were many events taking place who could really track & pinpoint exactly what action affect each outcome done to a specific fico point.

Yes, if using a card, letting a balance report and then paying it off soon after does give recognized activity to a card. 😉 It is active!

I do not practice rotating to much, not anymore. To me, my fico scores and reports are useful when I use them to apply for credit (barring however Fico 10 works with viewing past history- who really knows). I have been in the garden for quite some time.

Penalties for having more than 1 account report a balance (if any) can be regained quickly. If you wish to call them penalties. Like I said, Credit is only useful when one uses it! 😌🤯

Re: Rotate my AZEO?

FreedomHammer — Fri, 17 Jun 2022 00:29:14 GMT

What happens if you use a card, pay it off the next day, and the statement closes at $0? Is it still considered active?

Re: Rotate my AZEO?

Credit4Growth — Fri, 17 Jun 2022 00:48:47 GMT

Yes, it is still considered active by most lenders and you can check with your lender per you specific account for reassurance. 🧐

The statement closing at $0.00 is just a Zero balance. Lenders make money of the the transactions... not just the fees and or interest from an account holder carrying a balance. Hope that helps a few folks!

Re: Rotate my AZEO?

SouthJamaica — Fri, 17 Jun 2022 03:41:03 GMT

@FreedomHammer wrote:
I have been AZEO for several months now and was wondering if I should allow the other four of my five cards to report a balance at least once?

I cannot find the thread, but someone remarked the AZEO method should rotate or at least allow the other cards to report some balance annually. Is there a scoring penalty if I do not?

There seemed to be too much score instability when I would rotate using the Apple Card, as Goldman takes forever to report. The same applies for my Self VISA.

Card # 1: Self VISA
Card #2 C1 (My AZEO card)
Card #3 Apple Card
Card #4 Amex BCE
Card #5 Amex Green

I only allow my C1 card to report $6 (1% UTIL) across all of my accounts.

I might use my Self VISA quarterly for $30, and pay it off the next day. I have only ever allowed my Apple Card and Amex cards to ever report a balance once. Does this matter?

Also, I was thinking: even if I use my Self VISA, let's say next month, and pay it off before the statement cuts, does that mean that the card is active?

So far, my score has remained super stable using this method and was wondering if I will face a penalty down the road if I do not rotate.

No. Using the Capital One card as your balance-reporting card in AZEO is perfect. No need to rotate.

Re: Rotate my AZEO?

Iusedtolurk — Fri, 17 Jun 2022 10:05:32 GMT

@SouthJamaica wrote:
@FreedomHammer wrote:
I have been AZEO for several months now and was wondering if I should allow the other four of my five cards to report a balance at least once?

I cannot find the thread, but someone remarked the AZEO method should rotate or at least allow the other cards to report some balance annually. Is there a scoring penalty if I do not?

There seemed to be too much score instability when I would rotate using the Apple Card, as Goldman takes forever to report. The same applies for my Self VISA.

Card # 1: Self VISA
Card #2 C1 (My AZEO card)
Card #3 Apple Card
Card #4 Amex BCE
Card #5 Amex Green

I only allow my C1 card to report $6 (1% UTIL) across all of my accounts.

I might use my Self VISA quarterly for $30, and pay it off the next day. I have only ever allowed my Apple Card and Amex cards to ever report a balance once. Does this matter?

Also, I was thinking: even if I use my Self VISA, let's say next month, and pay it off before the statement cuts, does that mean that the card is active?

So far, my score has remained super stable using this method and was wondering if I will face a penalty down the road if I do not rotate.
No. Using the Capital One card as your balance-reporting card in AZEO is perfect. No need to rotate.

I have been running my cards at AZE2 for almost 10 months now and have wondered should I rotate so it's good to know that it is not necessary to do so.

Re: Rotate my AZEO?

FireMedic1 — Fri, 17 Jun 2022 13:59:40 GMT

Been AZEO since BK >6yrs ago. I changed all my statements dates to fall within a 4 day period. Yeah I'll rotate just for the heck of it. Doesnt change anything. Even though it doesnt change anything when I do get the alert. I dont care for the dormat card alerts. So I'll do a swap here and there. No biggie.

Re: Rotate my AZEO?

FreedomHammer — Fri, 17 Jun 2022 15:01:34 GMT

What does one bank/lender think when someone hasn't ever (or very rarely) had a balance report on one card? My Self VISA hasn't been used since April, yet on my Experian report it says Status: May 2022. I guess it doesn't matter in the long run.

Re: Rotate my AZEO?

Antredd — Tue, 21 Jun 2022 03:29:13 GMT

If your goal is to get and maintain exemplary or 800 plus FICO scores, people with those scores on average have up to 6 credit cards, 3 of them have balances up to 7% utilization. Also, they have on average 5 installment accounts. They have no lates, collections, and no inquiries reporting. So technically AZEO may not be needed for everyone if the average 800 plus person has balances on 3 accounts.

Re: Rotate my AZEO?

FreedomHammer — Tue, 21 Jun 2022 12:26:55 GMT

That's a great strategy, and I suppose that type profile/scorecard would lead to a great FICO score.

I have similarly read that only one account reporting (20% or less of revolvers) with 1% UTIL is the best way to maximize a few scoring factors.

I have maxed out my profile with installment metrics, and have a thick profile due solely to these installment loans.

I was considering adding a small active installment loan just for scoring purposes. It didn't seem like the right thing to do.

Re: Rotate my AZEO?

OmarGB9 — Thu, 23 Jun 2022 00:17:59 GMT

@FreedomHammer wrote:
What does one bank/lender think when someone hasn't ever (or very rarely) had a balance report on one card? My Self VISA hasn't been used since April, yet on my Experian report it says Status: May 2022. I guess it doesn't matter in the long run.

I don't think they (other banks) care, except maybe the bank that supplies the card which you haven't used in months (in this case Self may care).