- Centurion Member
- Posts: 235
- Joined: Tue Mar 12, 2013 10:10 pm
- Location: United States
I have to disagree with you a little there, Member. Utilization shows how much you *owe,* usage shows only that you spent the money. I, and probably most of you, put all expenses possible on my cards for points. I always have the money, I'm just spending it through a different method (CC versus debit card, cash, and checks). Telling another potential lender "psst, she spends $2K/month on her card," is immaterial to how much I *owe* (which is nothing, and I can make my report say that if DTI is going to be examined). I suppose that's "gaming" to an extent, but I wouldn't want to have to totally stop using my cards for a long time (6 months, a year?) before major credit purposes to *additionally* show I don't *use* them, beyond not *owing* anything on them. If they went this route, then I'd also like to see a "carried balance" reported...that is, what I ultimately paid interest on. That seems fair enough...I spent X, owe 0, and paid no interest. That at least lets the lender truly see that I'm managing my cash flow.
Target Visa $1.5K