cancel
Showing results for 
Search instead for 
Did you mean: 

How does a credit balance affect AZEO?

tag
CorpCrMgr1
Valued Contributor

How does a credit balance affect AZEO?

I immediately have my points transferred to my cards usually after I pay my card. I end up with a couple of dollars on my credit card in my favor. If all cards are PIF how would one credit balance be counted?

Message 1 of 7
6 REPLIES 6
NoHardLimits
Established Contributor

Re: How does a credit balance affect AZEO?

In my experience, a credit balance is the same as a zero balance for AZEO calculations.

June 2024 Scorecard: Clean, Thick, Mature, New Revolver
FICO8:
FICO9:
VantageScore3:
Inquiries (n/12, n/24):
AAoA: 10 yrs | AoORA: 36 yrs | AoYRA: less than 1 yr | New Accounts: 1/6, 1/12, 3/24 | Util: 1% | DTI: 1%
Message 2 of 7
SouthJamaica
Mega Contributor

Re: How does a credit balance affect AZEO?


@CorpCrMgr1 wrote:

I immediately have my points transferred to my cards usually after I pay my card. I end up with a couple of dollars on my credit card in my favor. If all cards are PIF how would one credit balance be counted?


A credit balance is reported as a zero balance.


Total revolving limits 650200 (529700 reporting) FICO 8: EQ 706 TU 714 EX 715

Message 3 of 7
Horseshoez
Senior Contributor

Re: How does a credit balance affect AZEO?


@SouthJamaica wrote:

@CorpCrMgr1 wrote:

I immediately have my points transferred to my cards usually after I pay my card. I end up with a couple of dollars on my credit card in my favor. If all cards are PIF how would one credit balance be counted?


A credit balance is reported as a zero balance.


^ This!  I've been there a few times over the last four years, and each time my FICO scores take a 15-20 point whack.

Chapter 13:

  • Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank (now Bank of Southern California)
  • Filed: 26-Feb-2015
  • MoC: 01-Mar-2015
  • 1st Payment (posted): 23-Mar-2015
  • Last Payment (posted): 07-Feb-2020
  • Discharged: 04-Mar-2020
  • Closed: 23-Jun-2020

 

I categorically refuse to do AZEO!

In the proverbial sock drawer:
Message 4 of 7
CorpCrMgr1
Valued Contributor

Re: How does a credit balance affect AZEO?


@NoHardLimits wrote:

In my experience, a credit balance is the same as a zero balance for AZEO calculations.


Thank you. 

Message 5 of 7
CorpCrMgr1
Valued Contributor

Re: How does a credit balance affect AZEO?


@SouthJamaica wrote:

@CorpCrMgr1 wrote:

I immediately have my points transferred to my cards usually after I pay my card. I end up with a couple of dollars on my credit card in my favor. If all cards are PIF how would one credit balance be counted?


A credit balance is reported as a zero balance.


Thank you.

Message 6 of 7
CorpCrMgr1
Valued Contributor

Re: How does a credit balance affect AZEO?


@Horseshoez wrote:

@SouthJamaica wrote:

@CorpCrMgr1 wrote:

I immediately have my points transferred to my cards usually after I pay my card. I end up with a couple of dollars on my credit card in my favor. If all cards are PIF how would one credit balance be counted?


A credit balance is reported as a zero balance.


^ This!  I've been there a few times over the last four years, and each time my FICO scores take a 15-20 point whack.


Thank you.

Message 7 of 7
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.