I have five CCs. One has a long-term 13% utilization (BT). The other four are PIF.
Last month one of the other four CCs was reported with a small balance, and this month all four cards had a $0 balance report.
My EX score (PSECU) is around 790, and I assumed it would go up this month, but it actually went down a few points. One of the reasons stated is:
no recent balances on your revolving credit accounts
I got to wondering how it can be determined whether a balance is "recent" or not. I make a payment on the BT card every month, and it's not clear to me how anyone knows whether this balance is "recent".
It also appears that the idea of keeping a small balance on just one CC needs to be refined a bit.
I guess I am still mystified as to the exact algorithm needed to optimize this situation, beyond paying down the 13% CC to 9% or lower.
I also wonder about unused LOC like the one that's part of the PSECU combo. Does this drop out at some point?