Hello All,
I have a general question about AZEO, especially when one card doesn't report to all the CRA's. For example, my Apple Card reports to Transunion and Experian, but not Equifax. The whole point of AZEO is of course to have all cards report zero except one. Please note I am not interested in applying for any new cards right now or loans, so I'm merely doing this as a learning experience.
My card breakdown looks like this:
Apple Card $2500 limit: Only reports to two CRA's. Individual utilization $0 on this card (0%).
Truwest Credit Union Credit Card $500 limit: Reports to all CRA's. Individual utilization $30 on this card (6%).
Overall utlization 1% across two cards.
The issue with AZEO when one card doesn't report to all the CRA's is that it becomes confusing. Since my Truwest card will report across all CRA's, my Apple Card will not. This means on Equifax I am showing a 6% utilization overall (since it doesn't know about my Apple Card). This of course would all be easy if both cards reported to all reporting agencies.
Any easy way to apply AZEO in my situation? (I know ideally this works better with 3 cards). Thank you!
@Anonymous wrote:It only really works when you have 3+ cards
Otherwise just report a non-zero amount on the credit union card and 0 on Apple
Or open up 2 more cards (preferable)
I will probably open up one more account then just wait 24 months. Thank you for the reply.
Just have the Truwest report? You get a penalty for having all cards report at 0. My score jumped 25 points (EX F8) when I had my BoA Cash Rewards (only card at the time) report a small balance (3%).
as of 1/1/23
@ccquest wrote:
Just have the Truwest report? You get a penalty for having all cards report at 0. My score jumped 25 points (EX F8) when I had my BoA Cash Rewards (only card at the time) report a small balance (3%).
Excellent, thanks for the reply. I will have the Truwest report $30 so I can keep my overal' utilization at 1%.