topic Re: AZEO in General Credit Topics

AZEO

Jdman — Thu, 18 Jun 2020 13:13:27 GMT

So with the AZEO method how much do I leave on 1 card so I can get the maximum for scoring? 1%? Is it 1% of my total credit utilization? All my cards are paid down to $0 currently. I also have 2 open auto loans and 2 installment loans

Re: AZEO

gorgon — Thu, 18 Jun 2020 13:17:43 GMT

A balance under 8.9% on one card (credit, not store) is needed for maximum scoring.

Re: AZEO

kxkxkxx — Thu, 18 Jun 2020 18:50:06 GMT

1 of my cards closed since I had no activity for 2 years. Do you recommend at least charging something once a year to keep cards active but also at a low amount?

Re: AZEO

M_Smart007 — Thu, 18 Jun 2020 20:28:23 GMT

@Jdman wrote:
So with the AZEO method how much do I leave on 1 card so I can get the maximum for scoring? 1%? Is it 1% of my total credit utilization? All my cards are paid down to $0 currently. I also have 2 open auto loans and 2 installment loans

Hi @Jdman ,

You may be able to glean from this?

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/General-Scoring-Primer-and-Version-8-Master-Thread-rev-5-17-20/m-p/6023350#M169681

https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/ABCD2199-s-Eleven-Rules-to-Credit-Rebuilding/td-p/5074148

Re: AZEO

SouthJamaica — Fri, 19 Jun 2020 01:17:48 GMT

@Jdman wrote:
So with the AZEO method how much do I leave on 1 card so I can get the maximum for scoring? 1%? Is it 1% of my total credit utilization? All my cards are paid down to $0 currently. I also have 2 open auto loans and 2 installment loans

$10 to $20 is enough.

Re: AZEO

jlegleiter — Sun, 21 Jun 2020 04:32:31 GMT

@kxkxkxx wrote:
1 of my cards closed since I had no activity for 2 years. Do you recommend at least charging something once a year to keep cards active but also at a low amount?

I had a card close due to inactivity with less than a year between charges.
It was Barclaycard, and their TOS states that any card that goes seven billing cycles without activity is subject to cancellation.

I don't worry about AZEO myself, so I just spread out my monthly reoccuring charges across all my cards and set them on autopay.
This will not guarantee the cards cannot be closed or credit lines decreased, but helps lower the chances of that happening due to inactivity.