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New Cards Utility Question...

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boomhower
Valued Contributor

Re: New Cards Utility Question...

It's very good.  For the absolute highest FICO you'll want the reported balance a touch less, you want <9% on the card that is reporting.  If you go to 1440 it's ding a bit further.  Also for each additional card that reports a balance you'll take a ding.  If you don't plan on applying for anything it's all moot.  Just use and pay.  When you are going to app for a card or loan then take the effort to make sure it all reports as $0 but the one card. 

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