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AZEO Question

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ktm214
Frequent Contributor

AZEO Question

Probably a stupid question but, does the AZEO method include store cards, or only Major cards?

Message 1 of 14
13 REPLIES 13
silver_idle
Established Contributor

Re: AZEO Question


@ktm214 wrote:

Probably a stupid question but, does the AZEO method include store cards, or only Major cards?


Yes, it includes store cards, assuming they report to the three CRA.

Message 2 of 14
FireMedic1
Community Leader
Mega Contributor

Re: AZEO Question

Any revolving credit card is factured in.


Message 3 of 14
Red1Blue
Super Contributor

Re: AZEO Question

What is AZEO method ?

Message 4 of 14
FireMedic1
Community Leader
Mega Contributor

Re: AZEO Question

Only have 1 card report a balance <8.9% of the total credit line on 1 card, then PIF before due date. Have the other cards report $0. All Zero except One. FICO likes it and keeps scores up. Best to do with 3 cards. FICO doesnt care for more than 50% of total cards reporting a balance.


Message 5 of 14
satio
Frequent Contributor

Re: AZEO Question

Working on DW scores ... we have tackled all the derogs other than pending updates across CRAs.

She has no active open revolvers so planning to open few accounts.

How do AU accounts factor into the equation in terms of the AZEO ?

Can one of her three accounts be an AU for example and get the same effect ?


Message 6 of 14
Remedios
Credit Mentor

Re: AZEO Question

Some profiles experience a point loss when the store card is the only one reporting a balance
I'd leave store cards as 0 balance.
If you only have store cards, that's fine, too. It will still work.
Message 7 of 14
ktm214
Frequent Contributor

Re: AZEO Question

Thank you all for the responses!

Message 8 of 14
Anonymous
Not applicable

Re: AZEO Question


@FireMedic1 wrote:

Only have 1 card report a balance <8.9% of the total credit line on 1 card, then PIF before due date. Have the other cards report $0. All Zero except One. FICO likes it and keeps scores up. Best to do with 3 cards. FICO doesnt care for more than 50% of total cards reporting a balance.


Why is it best done with 3 cards, what if one has many more cards? Leaving all at zero except one and PIF before due would have the same effect?

Message 9 of 14
OmarGB9
Community Leader
Super Contributor

Re: AZEO Question


@Anonymous wrote:

@FireMedic1 wrote:

Only have 1 card report a balance <8.9% of the total credit line on 1 card, then PIF before due date. Have the other cards report $0. All Zero except One. FICO likes it and keeps scores up. Best to do with 3 cards. FICO doesnt care for more than 50% of total cards reporting a balance.


Why is it best done with 3 cards, what if one has many more cards? Leaving all at zero except one and PIF before due would have the same effect?


It doesn't have to be 3 cards, but it works with AT LEAST 3 cards, because as mentioned upthread, FICO dings your score if you have 50% or more of your cards reporting a balance. If you have more than 3 cards, then yes, same rules apply. 


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 10 of 14
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