topic Re: AZEO - The Best Card in Understanding FICO® Scoring

AZEO - The Best Card

credit8502020 — Thu, 02 Mar 2023 05:16:46 GMT

Hi All! I want to switch up which card I use for AZEO. Did I read correctly somewhere on the threads that Chase isn't a good card to use to report a balance? I know it was mentioned that CU cards may not yield the same results, but wasn't sure about Chase.

Thanks for your feedback.

Re: AZEO - The Best Card

GZG — Thu, 02 Mar 2023 07:08:32 GMT

@credit8502020 wrote:
Hi All! I want to switch up which card I use for AZEO. Did I read correctly somewhere on the threads that Chase isn't a good card to use to report a balance? I know it was mentioned that CU cards may not yield the same results, but wasn't sure about Chase.

Thanks for your feedback.

Chase reports $0 balance after paid, wouldn't work for AZEO

Re: AZEO - The Best Card

Yasselife — Thu, 02 Mar 2023 11:35:01 GMT

@credit8502020 Chase works for me as a bridge between other cards, make sure to pay after statement closes and that another card has a balance.

Re: AZEO - The Best Card

SouthJamaica — Thu, 02 Mar 2023 14:10:51 GMT

@credit8502020 wrote:
Hi All! I want to switch up which card I use for AZEO. Did I read correctly somewhere on the threads that Chase isn't a good card to use to report a balance? I know it was mentioned that CU cards may not yield the same results, but wasn't sure about Chase.

Thanks for your feedback.

The only problem with using a Chase card is that, unlike other cards which report the balance once a month, if you pay a Chase card down to zero it will report a zero balance right away. If you never pay it down to zero then it's not a problem using it as your balance reporting card.

Re: AZEO - The Best Card

credit8502020 — Thu, 02 Mar 2023 15:44:29 GMT

@GZG wrote:
@credit8502020 wrote:
Hi All! I want to switch up which card I use for AZEO. Did I read correctly somewhere on the threads that Chase isn't a good card to use to report a balance? I know it was mentioned that CU cards may not yield the same results, but wasn't sure about Chase.

Thanks for your feedback.
Chase reports $0 balance after paid, wouldn't work for AZEO

@GZG Thank you for your reply. Is there a reason why someone wouldn't just let the balance report and then pay it down to zero after it reports? Maybe I'm misunderstanding something...

Re: AZEO - The Best Card

credit8502020 — Thu, 02 Mar 2023 15:47:20 GMT

@Yasselife wrote:
@credit8502020 Chase works for me as a bridge between other cards, make sure to pay after statement closes and that another card has a balance.

@Yasselife Thank you for your reply. Can you provide more details regarding what you mean by a bridge between other cards?

Re: AZEO - The Best Card

credit8502020 — Thu, 02 Mar 2023 16:07:59 GMT

@SouthJamaica wrote:
@credit8502020 wrote:
Hi All! I want to switch up which card I use for AZEO. Did I read correctly somewhere on the threads that Chase isn't a good card to use to report a balance? I know it was mentioned that CU cards may not yield the same results, but wasn't sure about Chase.

Thanks for your feedback.
The only problem with using a Chase card is that, unlike other cards which report the balance once a month, if you pay a Chase card down to zero it will report a zero balance right away. If you never pay it down to zero then it's not a problem using it as your balance reporting card.

@SouthJamaica Thank you for your reply. Great! This is really good to know. Based on data points you know or have experienced, is it still the case that Chase or another bank will work "more efficiently or better" than a NFCU or another credit union card?

Re: AZEO - The Best Card

SouthJamaica — Thu, 02 Mar 2023 17:05:01 GMT

@credit8502020 wrote:
@SouthJamaica wrote:
@credit8502020 wrote:
Hi All! I want to switch up which card I use for AZEO. Did I read correctly somewhere on the threads that Chase isn't a good card to use to report a balance? I know it was mentioned that CU cards may not yield the same results, but wasn't sure about Chase.

Thanks for your feedback.
The only problem with using a Chase card is that, unlike other cards which report the balance once a month, if you pay a Chase card down to zero it will report a zero balance right away. If you never pay it down to zero then it's not a problem using it as your balance reporting card.
@SouthJamaica Thank you for your reply. Great! This is really good to know. Based on data points you know or have experienced, is it still the case that Chase or another bank will work "more efficiently or better" than a NFCU or another credit union card?

In my experience, no, credit union cards work just like bank cards.

There have been claims by some members of a credit union balance not being counted, but I have a hunch that if it did occur it was with one of the smaller credit unions that has their credit card transactions managed by an outside company.

Re: AZEO - The Best Card

SouthJamaica — Thu, 02 Mar 2023 17:06:25 GMT

@credit8502020 wrote:
@GZG wrote:
@credit8502020 wrote:
Hi All! I want to switch up which card I use for AZEO. Did I read correctly somewhere on the threads that Chase isn't a good card to use to report a balance? I know it was mentioned that CU cards may not yield the same results, but wasn't sure about Chase.

Thanks for your feedback.
Chase reports $0 balance after paid, wouldn't work for AZEO
@GZG Thank you for your reply. Is there a reason why someone wouldn't just let the balance report and then pay it down to zero after it reports? Maybe I'm misunderstanding something...

It's because the FICO algorithms, especially the older ones, like to see a lot of zero balances.

Re: AZEO - The Best Card

credit8502020 — Thu, 02 Mar 2023 17:13:52 GMT

@SouthJamaica wrote:
@credit8502020 wrote:
@SouthJamaica wrote:
@credit8502020 wrote:
Hi All! I want to switch up which card I use for AZEO. Did I read correctly somewhere on the threads that Chase isn't a good card to use to report a balance? I know it was mentioned that CU cards may not yield the same results, but wasn't sure about Chase.

Thanks for your feedback.
The only problem with using a Chase card is that, unlike other cards which report the balance once a month, if you pay a Chase card down to zero it will report a zero balance right away. If you never pay it down to zero then it's not a problem using it as your balance reporting card.
@SouthJamaica Thank you for your reply. Great! This is really good to know. Based on data points you know or have experienced, is it still the case that Chase or another bank will work "more efficiently or better" than a NFCU or another credit union card?
In my experience, no, credit union cards work just like bank cards.

There have been claims by some members of a credit union balance not being counted, but I have a hunch that if it did occur it was with one of the smaller credit unions that has their credit card transactions managed by an outside company.

@SouthJamaica Ok. Thank you! I'm curious to see the difference once I test it.

Re: AZEO - The Best Card

credit8502020 — Thu, 02 Mar 2023 17:14:33 GMT

@SouthJamaica wrote:
@credit8502020 wrote:
@GZG wrote:
@credit8502020 wrote:
Hi All! I want to switch up which card I use for AZEO. Did I read correctly somewhere on the threads that Chase isn't a good card to use to report a balance? I know it was mentioned that CU cards may not yield the same results, but wasn't sure about Chase.

Thanks for your feedback.
Chase reports $0 balance after paid, wouldn't work for AZEO
@GZG Thank you for your reply. Is there a reason why someone wouldn't just let the balance report and then pay it down to zero after it reports? Maybe I'm misunderstanding something...
It's because the FICO algorithms, especially the older ones, like to see a lot of zero balances.

@SouthJamaica Ok. Thank you