Should I cancel my card?

For just about anything you want to get off your chest about credit cards.
11 posts
Crashem
Centurion Member
Centurion Member
 
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Joined: Fri Mar 09, 2012 9:29 am
Location: San Francisco, CA

Postby Crashem » Thu May 03, 2012 10:33 am

Remember it is reported balances. Utilization is ideally between 1%-9% on one card and 0 on other cards. But FICO score is snapshot of your credit at any point in time. So even if reported utilization is higher, you don't need to worry unless you are applying for credit that month. Probably worth see if what your score is with ideal utilization so you can gauge your credit.
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