Help Needed

[TeeandDee]

Hi!  I  am planning on using the advice of several of you about only having all my accounts report a zero balance except one, but it will take me about another month to get that accomplished because right now I have small purchases on about three that I will pay off by the end of the month. The account I plan to allow to report is a Best Buy account which I used to purchase a laptop.  Now here's my question.....I have a Discover and Chase Freedom and I would like to be able to be considered for a CLI in six months, what will my chances be if I keep letting zero balances report...do they frown on that?  I mean, it's not like I'm not using the cards, I'm just paying off before the statement reports to the credit bureau's.   

[john398]

I think thats a great way not to pay intreast and they should be glad that your responsible, I would think they would not frown on it

[Anonymous]

If you go to Discover Spend Analyzer you will see that they're actually tracking how much you're spending on the card every month. I don't think it will matter if you don't let it report.

[Anonymous]

As long as you regularly use the cards, it really shouldn't matter whether you pay in full before the statement cuts or afterward as far priming yourself for a credit limit increase.  It seems to me that lenders just like to see that you regularly use your card and pay responsibly.