cancel
Showing results for 
Search instead for 
Did you mean: 

First month AZEO

Frequent Contributor

First month AZEO

About to hit my first month with 4 cards reporting AZEO! UTIL was always very low but this my first month with this. 9% util on one card and about 1% total util. This sound right? Very excited to see what happens with TU and EX.
Have; Cap1 QS, QS1/Discover IT/AMEX BCE, PRG/PenFed PCR

Want; US Bank Cash+, Altitude Reserve/Amex EDP, Delta Gold/BoA Travel Rewards/Barclay Uber/Chase Hyatt, CSP (in like never)

Fico 8 scores as of;
Starting(10/1/17) EQ 598 TU 602 EX 601
2/18/18 EQ 661 TU 660 EX 658
4/18/18 EQ 700 TU 675 EX 671

AAoA > 5 years
DTI 18%
Message 1 of 25
24 REPLIES
New Contributor

Re: First month AZEO

Nice job.

 

I have read here that technicaly you should shoot for 8.9% and below. Not sure if 9% has the same benifits as below 9%. I'll check the forums again and edit when I find the answer.

 



Starting Score: 535
Current Score: 799
Goal Score: 800


Take the myFICO Fitness Challenge
Message 2 of 25
Frequent Contributor

Re: First month AZEO

Thanks, I saw that too but I need to report a balance on a card that has a 500 limit so if I go with lower I dunno if I'll even hit 1% overall lol
Have; Cap1 QS, QS1/Discover IT/AMEX BCE, PRG/PenFed PCR

Want; US Bank Cash+, Altitude Reserve/Amex EDP, Delta Gold/BoA Travel Rewards/Barclay Uber/Chase Hyatt, CSP (in like never)

Fico 8 scores as of;
Starting(10/1/17) EQ 598 TU 602 EX 601
2/18/18 EQ 661 TU 660 EX 658
4/18/18 EQ 700 TU 675 EX 671

AAoA > 5 years
DTI 18%
Message 3 of 25
New Contributor

Re: First month AZEO

I've read that some will just carry $1 on certain cards and still get that 1% total util but ymmv.

 

Keep us posted. Hope it works for you.



Starting Score: 535
Current Score: 799
Goal Score: 800


Take the myFICO Fitness Challenge
Message 4 of 25
Frequent Contributor

Re: First month AZEO

Perfect thanks, then I'll go with 5% on the one card and rest at zero!
Have; Cap1 QS, QS1/Discover IT/AMEX BCE, PRG/PenFed PCR

Want; US Bank Cash+, Altitude Reserve/Amex EDP, Delta Gold/BoA Travel Rewards/Barclay Uber/Chase Hyatt, CSP (in like never)

Fico 8 scores as of;
Starting(10/1/17) EQ 598 TU 602 EX 601
2/18/18 EQ 661 TU 660 EX 658
4/18/18 EQ 700 TU 675 EX 671

AAoA > 5 years
DTI 18%
Message 5 of 25
Frequent Contributor

Re: First month AZEO

The consensus for the ideal amount of the one card reporting appears to be somewhere between $2 and 8.9%.

Perhaps it starts at $2 because some credit issuers will forgive balances under $2?

I tried $2, and it works like a charm.
Message 6 of 25
Frequent Contributor

Re: First month AZEO

Awesome thanks! I'm not sure what to expect points wise, but if it looks great to lenders I'll take it either way!
Have; Cap1 QS, QS1/Discover IT/AMEX BCE, PRG/PenFed PCR

Want; US Bank Cash+, Altitude Reserve/Amex EDP, Delta Gold/BoA Travel Rewards/Barclay Uber/Chase Hyatt, CSP (in like never)

Fico 8 scores as of;
Starting(10/1/17) EQ 598 TU 602 EX 601
2/18/18 EQ 661 TU 660 EX 658
4/18/18 EQ 700 TU 675 EX 671

AAoA > 5 years
DTI 18%
Message 7 of 25
Regular Contributor

Re: First month AZEO

     How many points you get is really a large variable? First, what is your major bucket? Do you have any negatives or a thin file? You said your util was always low, but how low? What was both your card utilization ratio and total ratio before you paid this down? If you jump (drop) several categories, it will boost your score more than if you only jump (or go down) one.

 

     Will other facts change when you get your next report (inquiries falling off into the next lower set, or AAoA or LOC going up into the next set etc.)? The best way to get a ballpark picture of this is to check your myFICO 3B “scores” section. Scroll down to the FICO® SCORE 8 INGREDIENTS section toward the bottom for each CRA. Look at the 5 categories and see what they are (Exceptional, Good, Fair, etc.). Anything that is NOT Exceptional open it and see what you have. For example, if your LOC is good and you have 2 years 1 month, that will not change a score by going to 2 years 2 months; HOWEVER, if it is fair and you have 1 year 11 months, that will change your score and give you a boost next month. The later means your boost will not simply be because of your CC util going down, but also because your LOC went into the next subset.

 

     Also, be aware your score could go DOWN. For example, did you close an account long ago and forgot about it. Maybe you paid off a mortgage, car or personal loan. If it crosses that 10 year mark all kinds of bells and whistles could go off (AAoA for one) if it were a good account. Also check on old, closed CCs.

 

     You will see all kinds of values listed by the community for dropping below 8.9% and each is valid; but, you must consider whether the poster has considered all the nearly constantly changing variables that go into making a credit score and giving them the boost or drop. It is said that your score is nothing but a snapshot in time, and that is true. Why? Well think of taking a picture of a passing airplane on a cloudy, windy day. Not only will the airplane be in a different position seconds after you took the photo; but also the trees, clouds, and any other background scenery will be different after you snap that shot.

 

Y

 

PS "IF it looks good to lenders, I'll take it anyway." What Lenders? The boost you get will, most likely, be different for each FICO score model you have.Smiley Mad

Current FICO 8 Scores:
EQ 788 (12/20/17), TU 801 (12/23/17), EX 800 (12/19/17)
EQ 792 (01/22/18), TU 799 (01/24/18), EX 824 (01/25/18)
EQ 794 (02/28/18), TU 801 (02/28/19), EX 820 (02/28/19)
EQ 794 (03/29/18), TU 799 (03/29/18), EX 812 (03/29/18)
EQ 789 (05/06/18), TU 797 (05/06/18), EX 809 (05/06/18)
Message 8 of 25
Frequent Contributor

Re: First month AZEO

Potentially nothing else will change, nothing will fall off, I do have derogs for a little while longer, and if anything does change it will be 2 new trade lines (a revolver and charge card) and AAoA shouldn't rebracket. My file isn't overly thin, 20 total accounts but only 3 revolvers. One was new and reported but not showing activity.

Prior uti was 2% on one card and 3% on another. This month could show 4 active revolvers and 1 charge card. I'm not sure that Amex will report either yet.
Have; Cap1 QS, QS1/Discover IT/AMEX BCE, PRG/PenFed PCR

Want; US Bank Cash+, Altitude Reserve/Amex EDP, Delta Gold/BoA Travel Rewards/Barclay Uber/Chase Hyatt, CSP (in like never)

Fico 8 scores as of;
Starting(10/1/17) EQ 598 TU 602 EX 601
2/18/18 EQ 661 TU 660 EX 658
4/18/18 EQ 700 TU 675 EX 671

AAoA > 5 years
DTI 18%
Message 9 of 25
Regular Contributor

Re: First month AZEO

     Have your 2 new trade lines reported already? If they have, and your derogs are still there, and you were already below 8.9% individual card and total util; then you will probably see only a small bump. I hope I'm wrong and you get a nice big boost, but I don't think so. BTW, I did not see if where your scores were now. All parameters the same, generally the lower they are, the better the boost (but not by too much).

 

Y

Current FICO 8 Scores:
EQ 788 (12/20/17), TU 801 (12/23/17), EX 800 (12/19/17)
EQ 792 (01/22/18), TU 799 (01/24/18), EX 824 (01/25/18)
EQ 794 (02/28/18), TU 801 (02/28/19), EX 820 (02/28/19)
EQ 794 (03/29/18), TU 799 (03/29/18), EX 812 (03/29/18)
EQ 789 (05/06/18), TU 797 (05/06/18), EX 809 (05/06/18)
Message 10 of 25