This takes some planning and effort each month though. Am I crazy?
- Is it important to keep some credit utilization, and not PIF before the statement date?
- Should I do this for each card? If I use a card but always PIF before the statement date, will the CRAs think I have zero utilization and penalize me for "dipping into reserves" if that card reports a balance one day?
- Is FICO score based on average utilization or is once occurrence of high utilization considered bad? It's interesting if I can have 1% utilization for 9 months and then have 90% utilization in the 10th month for an average utilization of under 10%. In that case really small statement balances could build up a nice safety net.