Another Question About Utilization

[jamie123]

Okay...Here's the back story...

I am rebuilding and have a secured BoA card with a 500CL. I charge perhaps $800 per month on it. I will pay it down several times a month to leave a balance of just $20 or $30. It only reports $20 or $30 on the statement.

Is it okay to use it this way?

I also have a secured Cap1 with a 1K CL but never get near the 1K CL this card has. I also will pay this card down to $20 to $30 several times a month.

Is it okay to use these cards in this manner?

[pizzadude]

It's certainly ok to do this.   However if you are trying to optimize your FICO revolving utilization, the recommended starting point is to let one card report a small balance ( < 9% ), and to let all your other cards report a zero balance.

[jamie123]

Thanks!

I'll make sure one card reports $0 from now on.