While I rather despise the whole notion of AZEO and refuse to practice it, ten months out of twelve I do end up effectively AZEO or AZE2 (seems to matter not with my scores). I simply pay my cards off shortly before they are due and then rely on a latent charge or two to post prior to the statement date. As alluded to above, a couple times per year I do end up with the proverbial AZ (All-Zero) penalty which drops my scores ~20 points for the reporting period, but as has been mentioned by others, utilization has no memory, and the next month I have a card or two reporting a balance, my scores rebound.
Hey thanks very much for the insight, taking out the time to read my question. I suppose it's just the law of averages, the inadvertent a z e o if you will LOL
I see we have a few comparable cards from Capital One, I was curious to see if you could give me any insight into being bucketed. I have horrible credit limits but I started my Quicksilver out as a platinum subprime, so I assume I am in a low bucket. What's your experience with cap one? I only have $600 limit on my quicksilver in a thousand on my savor one. I'm kind of at a loss and ready to turn my back on Capital One in its entirety! They are my bank of record I get my direct deposit there, but that's easily changed. I do like their app and I love that they don't have any fees. Also, they seem to be teetering on a high-yield savings account. I don't know exactly what constitutes a high yield savings account but I'm getting some pretty good returns in my 360! I'm considering just putting some money in with boa or Wells Fargo and building a relationship with them. I don't have any confidence of getting out of that bucket. Your views? Also I see you have some pretty nice Prime cards the chase Etc how are your credit limits on those? If you don't mind me asking. Thanks very much!
@Shmike wrote:Hey thanks very much for the insight, taking out the time to read my question. I suppose it's just the law of averages, the inadvertent a z e o if you will LOL
I see we have a few comparable cards from Capital One, I was curious to see if you could give me any insight into being bucketed. I have horrible credit limits but I started my Quicksilver out as a platinum subprime, so I assume I am in a low bucket. What's your experience with cap one? I only have $600 limit on my quicksilver in a thousand on my savor one. I'm kind of at a loss and ready to turn my back on Capital One in its entirety! They are my bank of record I get my direct deposit there, but that's easily changed. I do like their app and I love that they don't have any fees. Also, they seem to be teetering on a high-yield savings account. I don't know exactly what constitutes a high yield savings account but I'm getting some pretty good returns in my 360! I'm considering just putting some money in with boa or Wells Fargo and building a relationship with them. I don't have any confidence of getting out of that bucket. Your views? Also I see you have some pretty nice Prime cards the chase Etc how are your credit limits on those? If you don't mind me asking. Thanks very much!
Well this is annoying, I wrote you a detailed response and then the system blew up with an error and I lost the post. So, here is a somewhat abbreviated version:
- CapOne:
- I applied for a secured Platinum after my Chapter 13 was discharged, and was approved for a $1,000 limit.
- The Platinum was insufficient for my needs and I closed it after less than 7 weeks and figured CapOne would hate me forever.
- I received a preapproval for a Quicksilver about six months after I closed the secured card and was instantly approved for a $3,000 limit; that limit has since grown by a requested CLI ($300), and two auto-CLIs ($1,500 each) to a limit of $6,300.
- About a year and a half ago, after my bankruptcy fell off my records, I applied for a SavorOne, and given I had FICO scores of 815+ across the board, I figured I'd be approved for a high(ish) limit. Nope, $2,000.
- I have since transfered $3,300 of my Quicksilver limit to my SavorOne and basically "sockdrawered" my Quicksilver.
- Like you I am taking advantage of CapOne's 360 Savings account where I have the downpayment for the house my wife and I are currently shopping for.
- Chase:
- Unlike CapOne, Chase got burned in my bankruptcy and the prevailing wisdom is to not bother with them once they've been burned.
- Last December I opted to open up a Chase checking and savings account to facilitate moving money to a family member. While opening up those accounts the associate asked me if I wanted a credit card. Instantly approved for a Sapphire Preferred with a starting limit of $11,700.
- Last summer Chase sent me a preapproval for a Freedom Unlimited, and I was approved for a starting limit of $23,600.
First of all😂🤣😂🤣😂!!!!!
I've only been on this forum for about 2 weeks and that's happened to me at least three times! I'm at the point where I'm just dictating my messages. Hence my punctuation or lack thereof in some instances. I really want to get a point across and meticulously write something I copy and paste it from notes after having written their initially. So I get it believe me!
Quite an interesting strategy for Capital One. I think I'm a little too far gone to close the Quicksilver and savor and my Walmart rewards card so I think that ship is sailed. I wish I had that Insight earlier, so kudos!
That's remarkable with chase! Congratulations man that's a feat in and of itself! Perhaps I'll open a account with them, as you did. Did you set up your direct deposit from your employment there, or did you just throw in a couple dollars here and there?
Again thanks so much for taking the time to read my annoying questions, and lending me your Insight
I wish you all the best!
Post: my inquiries are crazy high right now. Tu 8, EQ 7, ex 16! I think I'm just going to fall back for about 8 months to a year until a few fall off. So I've started "gardening" I've been trying to scrutinize the forums specifically the applicable topics that pertain to my situation, but I've realized I can only get so much information that way. Hence my questions. But everyone here seems to be super super supportive and don't mind helping out. I love that! This is a great form I'm glad I was able to stumble across it! I also joined my FICO as a member to get more accurate and real-time scores. I feel it's paid dividends! Again, thanks very much! Be well
Regarding Chase, I put a few thousand in a savings account and then opted for $500 per pay period to go into the checking account which in turn keeps the cash available pretty stable (i.e. I have almost the exact same amount in the accounts today as I did when I opened them).
Sure enough, once my other balance hit, my 23 points bounce back in Equifax! The exact number of points I lost for zeroing out, I gained right back!
Very pleased, and for those of you who said FICO has no memory touche!
Thanks very much for all of your insights.
Now hopefully Experian bounces back the 16 points I lost🤞🙏👌
You should have put this in your originial thread. 
@Shmike wrote:Sure enough, once my other balance hit, my 23 points bounce back in Equifax! The exact number of points I lost for zeroing out, I gained right back!
Very pleased, and for those of you who said FICO has no memory touche!
Thanks very much for all of your insights.
Now hopefully Experian bounces back the 16 points I lost🤞🙏👌
FICO certainly does have a memory. Utilization doesn't. On F8, AZEO is not required in order to have great scores. For my profile, AZEO, AZE2 and AZE3 are all the same on EX. EQ and TU seem to get skittish above AZE2.
Starting Score: 469Well you certainly seem to be exactly where I'm trying to get. So if you don't mind some advice, it'd be greatly appreciated. My TransUnion just went down nine points at AZ E2. This is more convoluted than I expected! But your scores and your credit limits speak volumes so any inside you can offer, again I really appreciate! We seem to have started in similar situations score wise. Will I start getting better credit limits, once my hard inquiries begin to fall off? Is there any semblance of a science to this?