First off. Having none of your cards report a balance. There's 15-20 pts in the wings. You can upgrade the Plat so you can get some cashback here: https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade
If you went with a second Disco iT the APR would be lower depending on your scores. My first card was 20+%. Second card 13.4%.
The rest of your post dont know what to say. Its a game and you just have to play to stay on top. Welcome to the forums.
hi, ideally you want to let just one card report a balance of less than $100. you can pay it when it's due you don't have to carry it. and overall util should be 5% or less. doing this lets you maximize your score.
if there's more than one showing a balance it's a penalty for "too many accounts with balances," and if all report a $0 balance then its a penalty for non-use.
What exactly isn't on the up and up? Everybody's profile is different. A score is just a numeric likelihood of default. I've gotten cards that required good credit despite having sub-prime scores because of the thickness of my file.
Thank you for the Capital One upgrade link, I wasn't aware that that was possible. It worked though so that makes 2 Quicksilver cards instead of 1. I am going to start paying the balances on our cards before the statement drops like you suggested. Again, thank you! Your reply is a breath of fresh air.
Your welcome. I went by this sentence you posted. "We don't carry a balance on any of our cards so interest rates not a big deal for us." We call is AZEO or All Zero except One. Pick a card and let it report less than 8.99% of the total credit line on statement date. Then pay in full (PIF) before the due date so your not charged interest. Too bad Cap1 axed the combine offer for now. The 2 QS's could have been combined for 1 card. Who knows it may come back one day. Congrats on the upgrade too! Welcome to the foums BTW!
hi, ideally you want to let just one card report a balance of less than $100. Nope you can pay it when it's due you don't have to carry it. and overall util should be 5% or less. 8.99% is the high for the first threshold, not 5% doing this lets you maximize your score.
if there's more than one showing a balance it's a penalty for "too many accounts with balances," see below and (if all report a $0 balance then its a penalty for non-use). <This part is correct
Without knowing what the credit line is. You cant just say $100. What if the credit line is $300? Thats over the 28.9% threshold. And. Its more than 50% of total accounts reporting a balance. OP has ten cards. So they're safe up to 4 cards reporting.