Hello credit gurus,
I am currently in the process of truly starting my homebuying journey. My scores are at a point where I believe I can really make this happen. I have my utilization at 1% (rounded up). However, I have heard the having utilization at about 9% can truly maximize my scores rather than being closer to 0%. I basically have all my cards at $0 and one card @ $1. Is it better to let one of my cards reach 9%, or my entire utilization at 9%? Is 9% really a sweet spot or is this all wild speculations.
Please chime in!
Their's a guy on here that has scores in the 800's--he said the sweet spot is 2% on your biggest card and 0 on all the rest. I tried this and my score went up over 30 points to 778--hope this helps!
My sweet spot is one card reporting 4%. It just takes some time and some tinkering to figure it out.
Seems like former mod, psychic, did an experiment by letting a store charge report vs. a revolving CC. I honestly can't remember the results though. Probably not much help.