@thrasher865 wrote:
@Anonymous wrote:
@Anonymous wrote:
If you have more than one card, leave them all at 0% balance except for one card. On that card, leave a 5%-9% balance. If you have only one card, simply leave a 5%-9% balance on it.
I always get confused about this statement. Do you mean get the utilization down to 5-9% before the statement cuts, and then pay the remaining balance within the alloted time so you don't pay interest on it?
Yes, but read the post above yours, first. This is all pointless. I think people put way too much effort into things on this site. Just pay your balance every month, and avoid paying interest. Your score will go up. Once your score gets up in the range that you can be approved for the next credit product you want, then you can worry about maintaining a <10% utilization at the statement date.
+1
IMO, Best to use your cards for all your normal expenses and Pay in Full by the due date so no interest in charged.
Plan your applications in advance and maximize your score for that time. You do this by controlling your utilization. Have some accounts report $0 balance and others <10%. You can do this by prepaying before closing date and using the card less that month.
Previous months utilization and FICO score is completely irrelevant.
