@Bajan1 wrote:Can a credit card report the same balance monthly? I have 3 cards trying to learn AZEO
I'm not sure what you're asking; can you please elaborate?
So as a concept, AZEO is simple. Like @Linnaea said, all accounts at zero except one, and that o e should be under 10% utilization. As for the "how" well that is where the art and personal preference comes in. I have only done it a couple of times. Personally? Simplicity is best. I clear out everything a month or 2 before, and only use one card. However, when I run thru my excel sheet every Friday paying cards, I'm always paying about 2 weeks before the due date so keeping ahead of the reporting date is another strategy. Technically there's no need to "rotate" the cards that report, as it seems to be adding more, unnecessary complexity. To each his own however, find what works best for you.
Do you have a big app coming up? Most of the time I recommend AZEO only when anticipating a big app like a mortgage, car, business loan or similar. Most of the time if I'm under 15% utilization I'm above 780 and I've seen that above 745 or so approvals are easy, almost guaranteed, and the terms are top tier. So I stopped worrying about it. Definitely understand the desire tho. Best of Luck on your journey.
Oh... side note, there can be events that happen where score is affected before they show up on reports, could be something slipped by unbeknownst to you. It's usually visible within a coupla days. Reporting times and dates can vary even at the same bank.
@Bajan1 wrote:I would like to know how Azeo works, I try leaving the exact balance I did on my card last month and I lost 12 points. Should i switch reporting cards monthly
Welcome to the forum.
It doesn't matter if the balance reported in a given month is the same as, or different than, the balance reported on that card the previous month. Neither does it matter if you switch reporting cards or not.
AZEO means "all zero but one". It refers to the concept of letting one revolving account report a balance while the others report zero balances.
Its primary purpose is to ensure that one is not losing even a single point for revolving utilization, across all FICO scoring models.
For most folks, at most times, it's not important. What is important is having low utilization, both in the aggregate and in individual accounts.
@Bajan1 wrote:Thank you for the advice it just seems 1 month I take a step forward and the next I take a step back it frustrating. I have 4 accounts on my profile
Mortgage
Capital 1 quicksilver $400
Capital 1 secured $200
NFCU secured $500
In April I let $12 report on the Quicksilver and zero out the other 2 and I gained 30 points, in May i use the card and paid it down to $12 again this time I lost 12 points. This month I'm planning to zero that card out and leave a balance to report on the NFCU card. Should I be switching cards monthly and leaving a balance? Any advice on how to approach this is appreciated
Where and how are you getting your information as to scores and reported balances? I'm sure you're just misreading the data, due to time lags and incorrect attribution of cause and effect. If you tell us exactly where and how you're getting your information, we can tell you where you're going wrong in your analysis.
As I told you above, switching cards, and changing or maintaining balance amounts, are both totally irrelevant, and have not affected your scores at all.