Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
Don't pay too much of the balance. As LTomBerry points out there's a magic number/percentage range but no one knows for sure. My guess is staying between 10% to 30% of limit. If there are zeros for the monthly balance it looks real bad, like the card isn't being used. What I do is dust off all my cards 2x a year with some decent purchases. Recently I had a $13k charge and I split the amount between my five unused credit cards to show some nice activity on them. I'm paying them off in full as each statement closes but at least by having a couple thousand on each card and leaving it for a month, no one can tell me they aren't being used. I made the amounts different on each, random amounts, so they don't look suspicious. I think round numbers like $5,000 are viewed as balance transfers by someone viewing your credit record. Contrast that to an amount like $4,392.04 at the end of a month, it looks more like regular purchases in my opinion.
Another technique for one unused card I use is charging auto insurance on it to. Mine runs around $1000 every 6 months and I always charge that to my unused B of A card to show activity.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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