Utility Question?

[Anonymous]

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@oracles wrote:

If You have 12 cards, you should have 1 everyday card and 11 rotating cards.

This is what i do.

I have my main every day card (chase freedom) and i rotate my other cards.

i have a chart that tells me what cards to use every month. In reality, with 12 cards, you only have to use 4 different cards every month and then rotate.

Use them once every 3 months and for HSBC, i would use every other month.

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Ok thanks again got it..

[oracles]

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@Anonymous wrote:

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@oracles wrote:

You have 12 credit cards and 2 loans. Therefore you have 14 accounts. 2 (auto and loan) are going to report a balance.

You can only allow 6 overall to report a balance which means you can only allow 4 credit cards to report a balance. I understand you like to use your credit cards and you can, just make sure you pay the entire balance on a credit card before the statement date. Most credit cards will report the balance of the new statement. Only HSBC and US Bank that i know of, report the balance remaining on the last day of the month.

You can allow 4 ccs to report minimum util% and anything after that, PIF before statement cut.

hope this helps

Message Edited by oracles on 02-19-2009 04:33 PM

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Ok i understand now thanks so much Oracles i'm gonna try my best to get it down to only letting 4 cards report only 10% of my CL.

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MJB

i would let it report under 9% and not 10%.  I know it seems triva, but it may make a difference.

[oracles]

No problem and keep us updated as to how much of a score increase there was.

[Anonymous]

Ok i well let you no how my scores change in the near future.