@takeshi74 wrote:
@lg8302ch wrote:You can use all of your cards. This "utilization game" does not have to be done all the time. Just do it before you want to apply for something to get your scores in best shape. It does not matter the rest of the time as your score does not need to be in perfect shape all the time.
^ This. Just keep utilization under the 30% recommended max@. Tweak utilization (only 1 balance reporting @ 10% or less) just prior to applying and make sure updated balances have reported. That is, unless you just want to deal with the hassle of micromanaging utilization every month. You'll get the increase from the utilization tweak since your current utilization is based on whatever your current reported balances happen to be. Old balances and utilization do not factor into your current utilization.
+1
Right now I am on the micro management game and should reach the optimal reporting by end of May... curious to see how much I can squeeze out of Fico...
@takeshi74 wrote:
@lg8302ch wrote:You can use all of your cards. This "utilization game" does not have to be done all the time. Just do it before you want to apply for something to get your scores in best shape. It does not matter the rest of the time as your score does not need to be in perfect shape all the time.
@^ This. Just keep utilization under the 30% recommended max. Tweak utilization (only 1 balance reporting @ 10% or less) just prior to applying and make sure updated balances have reported. That is, unless you just want to deal with the hassle of micromanaging utilization every month. You'll get the increase from the utilization tweak since your current utilization is based on whatever your current reported balances happen to be. Old balances and utilization do not factor into your current utilization.
+1 I really feel like there's an over emphasis here on having to play the utilization game every month. I believe that's what CLIs are for - so that you dont have to worry about maxing out in utilization. But utilization doesn't have a memory! Only do it if youre about to apply for something.
@lg8302ch wrote:
@takeshi74 wrote:
@lg8302ch wrote:You can use all of your cards. This "utilization game" does not have to be done all the time. Just do it before you want to apply for something to get your scores in best shape. It does not matter the rest of the time as your score does not need to be in perfect shape all the time.
^ This. Just keep utilization under the 30% recommended max@. Tweak utilization (only 1 balance reporting @ 10% or less) just prior to applying and make sure updated balances have reported. That is, unless you just want to deal with the hassle of micromanaging utilization every month. You'll get the increase from the utilization tweak since your current utilization is based on whatever your current reported balances happen to be. Old balances and utilization do not factor into your current utilization.
+1
Right now I am on the micro management game and should reach the optimal reporting by end of May... curious to see how much I can squeeze out of Fico...
Result of my micro managing game: Still have the same util but now on 2 cards instead of 7 cards and bam... score from 759 to 810 .. crazy game ! overall util is 5% now and was 5% before ..only number of accounts reporting a balance changed from 7 to 2.. lol