Interesting conversation with NFCU

[PicoFico]

So I got a secured cc with them that arrived today and i called in to ask about my billing cycle. Eventually it came up that i'm in a rebuild/building phase of credit and I learned that:

1) they report 3 days after the due date, so to show any activity with to lenders with this card i'll have to carry a balance

2) it was suggested the best 'unofficial, but one they used' method is to let 10% utilization post to my account then pay minium balance until its paid off, rinse/repeat.

I now have 3 cards all with $500 limits on a thin file.

1 Disco

1 Cap One

1 NFCU

Disco and Cap One both report on statement closing date, so managing what's being reported is quite easier really.  Until I called NFCU, I was going to let 1% report each month, each card. Now I'm not sure how to approach this. AZEO, idk?

Thoughts, comments, suggestions, advice? Anything is welcome to strategies at this point.

Lastly, I don't have an installment account on my file so an SSL is in the near future.

Thanks for stopping by,

PicoFico

[Remedios]

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@PicoFico wrote:

So I got a secured cc with them that arrived today and i called in to ask about my billing cycle. Eventually it came up that i'm in a rebuild/building phase of credit and I learned that:

1) they report 3 days after the due date, so to show any activity with to lenders with this card i'll have to carry a balance

2) it was suggested the best 'unofficial, but one they used' method is to let 10% utilization post to my account then pay minium balance until its paid off, rinse/repeat.

I now have 3 cards all with $500 limits on a thin file.

1 Disco

1 Cap One

1 NFCU

Disco and Cap One both report on statement closing date, so managing what's being reported is quite easier really.  Until I called NFCU, I was going to let 1% report each month, each card. Now I'm not sure how to approach this. AZEO, idk?

Thoughts, comments, suggestions, advice? Anything is welcome to strategies at this point.

Lastly, I don't have an installment account on my file so an SSL is in the near future.

Thanks for stopping by,

PicoFico

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You were told wrong 

The right part is that at least one of your cards should report a balance. Once it's reported, you pay in full before due date

Carrying a balance does not help with "building credit". 

Also, no clue where the rep came up with 10%

If you're interested in maximizing your scores, it should be under 9%, but anything below 29% is acceptable.