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Azeo

Super Contributor

Re: Azeo


@BrutalBodyShots wrote:

OP, what were your FICO scores pre-5/17/18 when you paid off your maxed out card?

 

In going from an individual card that's maxed out to an individual card (AZEO) witha tiny balance, you'd stand to probably gain 20-25 points on your scores just from the individual card highest balance changed dramaticaly.  It also appears that you may have taken your aggregate utilization from maxed out to ideal.  If that's the case, you could stand to see an improvement of 80-100 points.  Please report back!


This.

And to be clear why the question is asked, are there any late payments of any kind on the OP credit file?

 

In my opinion, an Exxon card is one step above a store card. People buy / consume gasoline much more commonly than new shoes, so an Exxon card could be used as the One card in AZEO.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812

Delta Reserve and CSP Jan 2018, no more 5/24 worries... unless new Chase Marriott/SPG replacement is enticing...meh, turns out not. [unless a 100k points SPG Luxury Upgrade appears... well lookie here...]
Message 11 of 14
New Member

Re: Azeo

Sorry to bump an old thread but, I'm also curious as to how much your score changed after paying off the closed card.  

Message 12 of 14
Super Contributor

Re: Azeo


@neb1990 wrote:

Sorry to bump an old thread but, I'm also curious as to how much your score changed after paying off the closed card.  


That is an interesting question. We are debating that at the moment, but it is a sort of FICO Sasquatch in my opinion. 

 

Do you have any closed cards with balances?

 

I have a $500 balance on a closed card with over $5,000 CL. I do not think it reports as 100% Utilization because my scores are in the 820 ranges with a lot of the cards reporting and several cards over 10% utilization. 

 

I recently took a $500 Secured card over 90% ( maxed out ) to see the score change, and it brought scores down a bit, below 800 on two bureaus. I would expect this, unless I already had a “maxed out” card with the closed card.  

 

So I will be bringing that $500 card to lower utilization in December, making sure all open cards report below 50% and then paying off the closed card to see what that final change is.  I expect no change from paying it off, but we’ll see what happens.  

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812

Delta Reserve and CSP Jan 2018, no more 5/24 worries... unless new Chase Marriott/SPG replacement is enticing...meh, turns out not. [unless a 100k points SPG Luxury Upgrade appears... well lookie here...]
Message 13 of 14
New Member

Re: Azeo

I have one closed card right now due to inactivity. My scores are just fair with EX being 674, TU 682. I'm going to balance transfer that balance to another card which I was going to do for lower interest rate anyways. My utilization is at 1% not counting the closed card. I'll let you know how much of a change happens.
Message 14 of 14