Credit card utilization question

[Anonymous]

Hi,

Hi, What is better, have all credit card on 0% utilization or on a specific percent?

thanks.

[Total80sKid]

The best is to have all cards report a $0 balance and one reporting under 9%

[Anonymous]

Great, thanks.

[Anonymous]

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@Anonymous wrote:

Hi,

Hi, What is better, have all credit card on 0% utilization or on a specific percent?

thanks.

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How many total cards do you have?  Most would recommend letting just 1 report a small ($5 or so) balance, meaning that card would be at 1% utilization.  Depending on the number of cards you have, though, this number could be (but doesn't have to be) greater than just 1 card with a reported balance and you could still achieve maximum FICO points for utilization.

[Anonymous]

I have 2 credit cards and 1 credit line in my bank account. So the best thing is to use every month one card with a small qty and pay it some days before the statement due?

[SouthJamaica]

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@Anonymous wrote:
I have 2 credit cards and 1 credit line in my bank account. So the best thing is to use every month one card with a small qty and pay it some days before the statement due?

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1. It doesn't matter how much or how little you use them.

2. It does matter that 1 of them report a small balance, and the other 2 report a zero balance.