@donprimero wrote:I heard from this reddit post if you have no history and get new cards you should let them report a low balance for a few cycles to help build a thick credit profile.
I'm pretty sure this is not true. Zero balances report as "paying as agreed".
Not true. The accounts give the age metrics (history) their bumps as they get older as a whole. Not what you use. Or not.
@donprimero wrote:I've used my four credit cards very responsbily for the 1.5 years I've had them, and have always reported a balance of < 10% on every card every month, until right before my 1 year mark where I saw a boost from AZEO and another boost once my AAoA turned 1 year old. I was able to report < 10% utilization on every card each month because I paid cards to a low balance before my statement balance got reported, but now that I AZEO I'll pay them all to zero, except one.
I figure since I'm young, have a good score (765+ FICO), and have no significant loan applications coming in the next 6 months, I'll get a new batch of 4 cards or so. I heard from this reddit post if you have no history and get new cards you should let them report a low balance for a few cycles to help build a thick credit profile.
That's baloney.
What if you have a decent history already-- is there any short or long term benefit to letting a new batch of cards report a low balance for a year,
No
or is AZEO still the way to go?
Of course I'll still use each card every few months, but I'd like to know if I'm hurting my scores by showing the bureaus non-use of new cards (even though the banks who issued the cards ought to see purchases every now and then).
No you're not. They can tell that you've used the card, without it reporting a balance.
At 765 you are already in the top tier range so unless you're prepping for a mortgage I would just continue doing what you're doing.
