topic Re: AZEO Method Timing for Max FICO Boost in Understanding FICO® Scoring

AZEO Method Timing for Max FICO Boost

AWD — Fri, 26 Aug 2022 15:48:07 GMT

I’ve been reading up on the AZEO method and not clear to exact timing of when to have all but 1 credit card with $0 balance and 1 with no more than 8.9% utilization rate across all credit cards.

I currently have 4 credit cards, all opened this year and my statement ending/closing dates and due dates are:

Closing Date: 21st of month

Due Date: 15th of month

Closing Date: 21st

Due Date: 18th

Closing Date: 22nd

Due Date: 16th

Closing Date: 28th

Due Date: 24th

I think I need to have all, except 1 CC with $0 balance before the 21st of each month, correct?

And I also need to have all at $0 before the 28th of the month, correct?

Does it matter when I make the payments during the month?

Just making sure I always do this right from the start and help me get max scores from it.

Any other tips, pointers very much appreciated.

Thanks!

Re: AZEO Method Timing for Max FICO Boost

Gidgetmom — Fri, 26 Aug 2022 16:36:04 GMT

It will depend on the the cards and when they normally report your balances. Many report you're statement balance. However, some report at the end of the month or beginning of the month. If your statement cuts on the 21st, and that card reports your statement balance each month within a day or two after the 21st, then you want to pay it off before the 21st (with enough time for the payment clear and post before the statement cuts and making sure that you've made a payment by the due date too).

Unless you are planning to apply for credit, in my opinion there's really no need to micromanage it (just make sure they are paid on time before the due date). You can always do the AZEO a month or two before you plan to apply for credit to get maximum points prior to applying.

Re: AZEO Method Timing for Max FICO Boost

AWD — Fri, 26 Aug 2022 18:13:52 GMT

@Gidgetmom Thank you for your explanation, which is very helpful. No current plans to apply for new credit just now but, will be in the spring for my new house that just began construction with an estimated Apr/May completion date. I have my conditional mortgage approval, however, need to apply for mortgage about 60 days prior to completion and want all my ducks in a row to maximize my scores for rate purposes and figured AZEO might just help me save a little every month on my future mortgage payment.

Thanks again!

Re: AZEO Method Timing for Max FICO Boost

SouthJamaica — Fri, 26 Aug 2022 18:40:52 GMT

@AWD wrote:
I’ve been reading up on the AZEO method and not clear to exact timing of when to have all but 1 credit card with $0 balance and 1 with no more than 8.9% utilization rate across all credit cards.

I currently have 4 credit cards, all opened this year and my statement ending/closing dates and due dates are:

Closing Date: 21st of month
Due Date: 15th of month

Closing Date: 21st
Due Date: 18th

Closing Date: 22nd
Due Date: 16th

Closing Date: 28th
Due Date: 24th

I think I need to have all, except 1 CC with $0 balance before the 21st of each month, correct?

And I also need to have all at $0 before the 28th of the month, correct?

Does it matter when I make the payments during the month?

Just making sure I always do this right from the start and help me get max scores from it.

Any other tips, pointers very much appreciated.

Thanks!

If they all report the statement balance as the reported balance, and if none of them are Chase cards or store cards, it doesn't matter which one you pick as your balance-reporting card. It will report, and the balance will stay in your report until the next statement from that issuer.

Re: AZEO Method Timing for Max FICO Boost

Suzette2 — Sat, 27 Aug 2022 02:39:53 GMT

@AWD wrote:
I’ve been reading up on the AZEO method and not clear to exact timing of when to have all but 1 credit card with $0 balance and 1 with no more than 8.9% utilization rate across all credit cards.

I currently have 4 credit cards, all opened this year and my statement ending/closing dates and due dates are:

Closing Date: 21st of month
Due Date: 15th of month

Closing Date: 21st
Due Date: 18th

Closing Date: 22nd
Due Date: 16th

Closing Date: 28th
Due Date: 24th

I think I need to have all, except 1 CC with $0 balance before the 21st of each month, correct?

And I also need to have all at $0 before the 28th of the month, correct?

Does it matter when I make the payments during the month?

Just making sure I always do this right from the start and help me get max scores from it.

Any other tips, pointers very much appreciated.

Thanks!

It's not as complex, imho. I just pick the one to report. I alternate that one, actually. I let it report a small balance then pay off after statement cuts.
the others I just pay off right as I go. I stop using a week before the statement.

Re: AZEO Method Timing for Max FICO Boost

AWD — Sun, 28 Aug 2022 22:11:18 GMT

Thanks, @SouthJamaica, appreciate the tip!

Re: AZEO Method Timing for Max FICO Boost

AWD — Sun, 28 Aug 2022 22:12:36 GMT

Thank you, @Suzette2. Looking forward to seeing how much my scores improve next round of reports.

Re: AZEO Method Timing for Max FICO Boost

sixzeroz — Tue, 20 Sep 2022 01:38:36 GMT

Seting something up similar. Let us know your boosts!

Re: AZEO Method Timing for Max FICO Boost

FireMedic1 — Tue, 20 Sep 2022 15:18:24 GMT

Welcome @sixzeroz and @AWD . Good luck on your AZEO hunt.

If you'd like to respond to a certain poster. Click reply on their post. Top right of the text editor is the "quote" button. Click on that and type your responce at the bottom. Little tip.

Re: AZEO Method Timing for Max FICO Boost

AWD — Tue, 06 Dec 2022 18:14:56 GMT

@sixzeroz, The AZEO method worked quite well I think as my FICO 8's all increased at least 30 points, so I say give it a go yourself and hopefully you get a nice boost as too ;-)