by positive balance do you mean carry a balance and not pay in full on 1 of your cards? wont this make any rewards or savings potentially canceled out by interest?
You can pay all other cards before the statement cuts.
I just keep one card at under 10 percent and pay it off the next day after my statement posts.
I just keep one card at under 10 percent and pay it off the next day after my statement posts.
As LTL hints at, if you're going after a CC from a new issuer. IMHO it is best to let it report or allow the statement to cut, then pay the balance.
That way other issuers can see how you use and pay your accounts. If you pay before it ever reports. You leave nothing for them to go on, besides the fact you have some open CC accounts.
For some issuers, this isn't enough. They like to see a track record.
It's simple, if you want to build credit history allow usage to report. If you want to manipulate scores, go the AZEO route.
I can tell you from experience. The positive credit history will well outweigh any minor bump you get in scores relying on AZEO.
Not all creditors report usage if paid before statement cuts.
That way other issuers can see how you use and pay your accounts. If you pay before it ever reports. You leave nothing for them to go on, besides the fact you have some open CC accounts.
For some issuers, this isn't enough. They like to see a track record.
It's simple, if you want to build credit history allow usage to report. If you want to manipulate scores, go the AZEO route.
I can tell you from experience. The positive credit history will well outweigh any minor bump you get in scores relying on AZEO.
Not all creditors report usage if paid before statement cuts.
I think it’s good to rotate which card reports a balance every once in a while to balance things out. Especially before applying for a new card, but to each their own.
