I've heard so many mixed pieces of advice.
Is it truly better to -
Utilize 30% balances to boost credit? Pay down, or pay in full monthly?
Use another percentage util and (pay down, or pay in full monthly?)
Right now I am working on paying off my cards, and I'm wondering if I should PIF - or pay down to 30% (or another percentage?)
What will help me acquire the most credit score points?
PIF all cards, let one card report a statement balance between 1-8.9% and then PIF that. That’s the most optimum score recipe (with lots of recommendations to only let $5 or so report as well). All other cards would have to be paid before the statement cuts so they cut $0 statements.
The benefits though are minimal and AZEO is only really recommended if you’re trying to optimize for a mortgage or another big application.
The most reasonable way to use your cards is to keep utilization under 28.9% on a single card and 8.9% on all of them.
Best way to boost is AZEO (All Zero Except One). You want all of your CCs reporting a 0% utili except one of them, which should report more than 0% but less than 8.9%.
For general use though, just get in the habit of PIF. Its better and you will avoid interest. Carrying balances requires some micromanagment if you want to avoid interest/pay minimally.
I see this on one of mine - is that a good date to go off of? I'd want to pay it off before this date?
Statement Balance Closing date March 6, 2019