AZEO did NOT work for me

[cem13]

AZEO did not work for me, at least this month.  I have been paying down my debt so I can F.I.R.E. this year.

I PIF my NF CC but I missed the cut off date because Chase takes a extra day to transfer to NF.  So NF reported 1075/25000 last month.  Today, NF reported zero balance.  My daily driver is Citi Double Cash and it is reporting 4000/9000, which I PIF every month.  I have no other revolving balances.

There was ZERO increase in my score today from EX.  My current F'08 scores are EQ=842, TU=828; EX=821

[SouthJamaica]

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@cem13 wrote:

AZEO did not work for me, at least this month.  I have been paying down my debt so I can F.I.R.E. this year.

I PIF my NF CC but I missed the cut off date because Chase takes a extra day to transfer to NF.  So NF reported 1075/25000 last month.  Today, NF reported zero balance.  My daily driver is Citi Double Cash and it is reporting 4000/9000, which I PIF every month.  I have no other revolving balances.

There was ZERO increase in my score today from EX.  My current F'08 scores are EQ=842, TU=828; EX=821

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Going from 2 accounts reporting balances to 1 account reporting a balance would not usually affect one's FICO 8 score.

[FireMedic1]

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@cem13 wrote:

AZEO did not work for me, at least this month.  I have been paying down my debt so I can F.I.R.E. this year.

I PIF my NF CC but I missed the cut off date because Chase takes a extra day to transfer to NF.  So NF reported 1075/25000 last month.  Today, NF reported zero balance.  My daily driver is Citi Double Cash and it is reporting 4000/9000, which I PIF every month.  I have no other revolving balances.

There was ZERO increase in my score today from EX.  My current F'08 scores are EQ=842, TU=828; EX=821

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Having around 48% reporting 4000/9000 isnt going to change much. Pay before statement date and leave 6%. Then PIF.

[cem13]

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@FireMedic1 wrote:

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Having around 48% reporting 4000/9000 isnt going to change much. Pay before statement date and leave 6%. Then PIF.

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I will try this and report back.  

[markbeiser]

With your scores, I think positive things that are known to have only a small benefit for most people will have even less, if any, benefit to you.
With such high scores, improvements are hard to come by, and will be tiny at best, and negative things will cause big drops in scores.

[OmarR]

I typically AZEO and usually report a $1-$10 balance. Sometimes it is AZE2 or AZE3 , each with small balances.

My F8 never moves. It's my mortgage scores that go down, between 1-5 points.

[Thomas_Thumb]

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@cem13 wrote:

AZEO did not work for me, at least this month.  I have been paying down my debt so I can F.I.R.E. this year.

I PIF my NF CC but I missed the cut off date because Chase takes a extra day to transfer to NF.  So NF reported 1075/25000 last month.  Today, NF reported zero balance.  My daily driver is Citi Double Cash and it is reporting 4000/9000, which I PIF every month.  I have no other revolving balances.

There was ZERO increase in my score today from EX.  My current F'08 scores are EQ=842, TU=828; EX=821

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Fico 8 is rather insensitive to # of accounts reporting balances. In fact a review of Fico 8 reason codes indicates EX does not look at # of accounts with balances while EQ and  TU do. Testing by some posters has shown going from 1 card to 100% of cards reporting "small" balances had no impact on EX Fico 8 score.

The important metric for boosting your Fico 8 score is reported utilization. As mentioned up thread, make an early payment before statement cut date to reduce reported balance and then PIF statement amount.

Generally, maintaining reported aggregate utilization under 9% and individual card utilizations under 29% is sufficient. However, a simpler approach is to just ensure all utilizations report under 9%.

Given your scores there is minimal value in practicing AZEO.