utilization question? Come on experts HELP!

[MeN5]

My total available credit is 20350 and my total balance would be right under 30 what will be my reported utilization?

[Anonymous]

Just divide your total spent by your total available and it will give you your utilization. 

[tcbofade]

0.001%

Depending on which card is reporting a balance, your total reported utilization will either be 0 or 1%.

[Ficoproblems247]

Actually, it's 0.15%. I did the same thing two days ago when posting some data. Looked at the raw number instead of the percentage. 

[longtimelurker]

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@Ficoproblems247 wrote:

Actually, it's 0.15%. I did the same thing two days ago when posting some data. Looked at the raw number instead of the percentage. 

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Yes, it's always good to check the calculation method.      Clearly if your balance equalled your credit limit, this is a 100% util, rather than 1% you get if you (mis)use the raw number.

[MeN5]

@tcbofade @longtimelurker @Ficoproblems247 @Anonymous  i do not want a 0% utilization im thinking of shrinking my limit by closing some cards nut i am curious how people with my bigger limits achieve the azeo method by only using 20 or 30 dollars

[Ficoproblems247]

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@MeN5 wrote:

@tcbofade @longtimelurker @Ficoproblems247 @Anonymous  i do not want a 0% utilization im thinking of shrinking my limit by closing some cards nut i am curious how people with my bigger limits achieve the azeo method by only using 20 or 30 dollars

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Limits do not matter. If you have a $30K TL and report a $20 balance on that one card with the rest at $0, you've accomplished AZEO and it will report to the bureaus as such.  

ETA: There are some FIs that will report at $0 if you have a super low balance i.e. less than $5 or less than $1 or so. Usually I see people post to let a good $20 or so report to be on the safe side. 

[Anonymous]

make a purchase for a few hundred bucks on your card with the highest limit/lowest APR.  this should put you well below 8.9% and give you several months of paying the minimum before it gets back to 0.  then you dont have to worry about paying and purchasing 25 bucks every month.