Score wise it shouldn’t matter on modern algorithms. If Amex charge card it would matter a little on EX FICO 2 but ultimately a small amount doesn’t do much for the imputed limit anyway.
I would leave something on it personally but I only do rigid AZEO when I clean up for an app. Actually personally most Chase or Amex cards have some sort of SUB I tend to leave a big balance the first month while SUB chasing and then pay it off.
High balance doesn’t matter for scoring purposes but it currently is the only reliable way to show that you have used the card at some point in the past which might matter for future underwriting.
I would leave something on it personally but I only do rigid AZEO when I clean up for an app. Actually personally most Chase or Amex cards have some sort of SUB I tend to leave a big balance the first month while SUB chasing and then pay it off.
High balance doesn’t matter for scoring purposes but it currently is the only reliable way to show that you have used the card at some point in the past which might matter for future underwriting.
@Anonymous wrote:
If this help the amex limit is $5000 and i already spent $756 now
And the chase limit is $6800 and i spent $490
Should i pay both full or leave $20 on each or even leave what is there now? What you personally think would be best for the first statement?
If you're interested in optimizing your scores, you should let one card report a small balance before paying it off, and let the other cards report zero balances.
Like @SouthJamaica said. It doesnt matter how many cards you have. AZEO is AZEO. What you spend on each card and its credit limits doesnt do anything to scores. Its whats reported. The creditors like you using their cards so they make money.
