Which card to let 10% report ?

[lg8302ch]

Hello credit gurus

I soon will have to make a plan to PIF all accounts before statement cut to get ready to app in May/June. Right now 7 out of 9 accounts report a balance .  Do I see it right the account I leave the 10% balance report should not be with the same lender as the app for the new card?  The Arrival is my everyday card and the planned app is for Sallie Mae.  So the reporting balance should probably be on any other card than the Arrival?  Or does this not matter much?

Thanks for your suggestions.

[Lechte]

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@lg8302ch wrote:

Hello credit gurus

I soon will have to make a plan to PIF all accounts before statement cut to get ready to app in May/June. Right now 7 out of 9 accounts report a balance .  Do I see it right the account I leave the 10% balance report should not be with the same lender as the app for the new card?  The Arrival is my everyday card and the planned app is for Sallie Mae.  So the reporting balance should probably be on any other card than the Arrival?  Or does this not matter much?

Thanks for your suggestions.

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Well...I don't know the answer, but now that you asked it...i'm glad you did, because I would like to know.   It's one of those..."why didn't I think to even wonder about that".   Good question LG

[Chris679]

Letting one balance of under 10% is for ideal scoring purposes. As long as you are using your cards responsibly there is no need to sweat over which card reports the balance.

[DaveSignal]

I think you should leave the 10% on Barclays.  Not because I have actually tried what you are trying to do, but Barclays knows exactly how you are using the card, whether you leave a balance or not.  So might as well leave one.  They don't know exactly how you are using your other cards, so might as well try to apply some utilization manipulation there to make them look like they don't get much use.

[lg8302ch]

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@DaveSignal wrote:

I think you should leave the 10% on Barclays.  Not because I have actually tried what you are trying to do, but Barclays knows exactly how you are using the card, whether you leave a balance or not.  So might as well leave one.  They don't know exactly how you are using your other cards, so might as well try to apply some utilization manipulation there to make them look like they don't get much use.

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Thanks Dave....excellent point of view I never thought about. It will also make it much easier as it is my everyday card for non bonus categories

[ecxpa]

with your scores and cc.........it probably won't make any difference.  Good points, you made.......often overlooked and sometimes hard to learn.

[ACsteel]

I'm just curious OP what do you want from the Sallie Mae card that none of your cards does already? Thanks!

[Revelate]

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@DaveSignal wrote:

I think you should leave the 10% on Barclays.  Not because I have actually tried what you are trying to do, but Barclays knows exactly how you are using the card, whether you leave a balance or not.  So might as well leave one.  They don't know exactly how you are using your other cards, so might as well try to apply some utilization manipulation there to make them look like they don't get much use.

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+1, they know your habits already LG in far greater detail most likely than anyone would rationally be comfortable with haha.

Interesting question though, thanks for posting!

[SunriseEarth]

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@DaveSignal wrote:

I think you should leave the 10% on Barclays.  Not because I have actually tried what you are trying to do, but Barclays knows exactly how you are using the card, whether you leave a balance or not.  So might as well leave one.  They don't know exactly how you are using your other cards, so might as well try to apply some utilization manipulation there to make them look like they don't get much use.

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Excellent train of thought here.  This makes a lot of sense. 

[lg8302ch]

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@ACsteel wrote:

I'm just curious OP what do you want from the Sallie Mae card that none of your cards does already? Thanks!

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5% on Amazon...lol