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Hello,
I have a question regarding the AZEO method. I understand that you need to have 3 lines of credit open, with 2 of the lines reporting a $0 balance. For the 3rd line (with the balance) should the utilization be at 8.9% total across all lines, or at 8.9% utilization on just that line?
For example, if I have 3 credit cards, each with a $300 limit... should the 3rd card (with the balance) be at $26.70 (8.9% of $300) or $80.10 (8.9% of $900)?
Thanks!
In your example, the third card should be less than 8.9% of $300 ($26.70).
That said, it does not need to be "at or around 8.9%." It simply needs to be an amount greater than $20 and no more than 8.9%.