Many people on here have indicated for optimal scoring to have all cards report at $0, and one card report a balance.
Does the balance on the one card have to be between 1-9%, or does it suffice to simply have a balance on the card (i.e. Balance >$1)?
Here's what my current Utilization looks like...
US Bank 0/1000 ----> 0% UTL
Cap One 0/500----> 0% UTL
Cap One 5/2000---> 0.3% UTL
Overall UTL--->0.14%
Utilization is always rounded up. 1% is the lowest (non-zero amount) you can go.
1% may be too low for your ideal. You'd have to experiment to find your exact ideal. But it is likely somewhere between 1% and 9% on one card.
Starting Score: ~500 (12/01/2008)Thanks Walt. So you are saying my 0.14% would be rounded to 1%....
I'm waiting for one cc to report on the 4th, then I'll know what the baseline is for 1%, and maybe play around with it next month too.
@Dw4250 wrote:Thanks Walt. So you are saying my 0.14% would be rounded to 1%....
I'm waiting for one cc to report on the 4th, then I'll know what the baseline is for 1%, and maybe play around with it next month too.
Yep its rounded to 1%
