Think I'm stuck at a sub 800 score

[Anonymous]

Credit score use to be 810-815 a few years ago.

It's dropped to 790-800 the past year.

Always pay off my card in full every month.  Did have 2 accounts close for non-use about two years ago (both fairly aged accounts) and I'm late 20s so that could be a reason.

Credit report reasons affecting my credit says:

(1) lack recent loan infomation.  own my house and car, so I don't need a loan for anything, obviously not going to get a loan if I don't need one.

(2) too many cards with balances.  have 6 cards, 3 of them I need to rep the full rewards, the other 3 I don't need, I get better rewards on my main three.  But these three I don't need, I slapped small reoccuring monthly charges ($20-$50) so they stay used and don't close.  Should I remove these reoccuring charges from these three cards and just keep them in my back pocket and use them once every blue moon, like once every 6 months so they don't close?

[Anonymous]

Yes preferably just put a charge on them once every 6 to 12 months and let them report to zero. That will help.

Also you can have two out of the other three report zero.

As for loans if you want extra points look up the SSL trick.

[Medic981]

With FICO scores greater than 760, you are going to get the same interest rate as someone with an 850 FICO score.

[Anonymous]

Yeah your scores are high enough that you’re not gonna have any problems with anything because of it. you should qualify for everything.

[Anonymous]

I am having the same problem - as soon as I get into the 800 Club FICO finds a reason to kick me out. I started a thread called "FICO is Psychotic" that describes it. Microscopic changes in my Credit Card balances seem to have absolutely outsized effects on my scores. The same act raises a score on one bureau and lowers the score on another Bureau. FICO scoring is surely Psychotic and you can go crazy trying to anticipate the effects of any action you might take.

[Fico82]

@ medic981 , not sure how true that is ...example me and my wife recently applied for the amex bce card my score once they sent me the paper work was 777 and hers 791 we both got a 18.49% yet there best advertise rate it 14.49 ? I believe a 800 and above would have netted the 14.49% . Just my experience.

[FlaDude]

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@Anonymous wrote:

Should I remove these reoccuring charges from these three cards and just keep them in my back pocket and use them once every blue moon, like once every 6 months so they don't close?

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Or just pay them off before the statement cuts so they report zero balances even though they are being used.

[Anonymous]

@Fico82 do you both have the same number of inquiries and new accounts with in the last 12 months? And 24 months?

That can also play a role in APR‘s. I got the best rate on my CSP but a couple months later they gave me a higher rate on the Freedom even though my scores were still pretty. I chalk it up to the fact that I had the recent card opening and also a loan opening.

[dragontears]

In my experience, APR on new cards is directly related to credit seeking behavior in a negative way no matter what you score is. The more frequently you open new cards the worse APR you get

[Fico82]

@birdman7 , yes we both had 0 inq under experian... As for new accounts we got a auto loan back in August 2019. We both got one inq under transunion being that was what the credit union pulled. Our profiles are almost the same . I believe 800 + is the mark for amex best rate.