Should I use all of my credit cards at least once a month?

[yitzf]

is your credit utilization scored by FICO as an average of the util. % of each individual card, or as total usage (across all cards) vs. total available credit?

[AJK]

Average of the util% of each card? 

Do you mean a running average over the last, say, 12 months? If so, it's definitely not done that way.

Pretty sure it's done (total balance / total credit).

[bubbles]

Average of the util% of each card? 

Do you mean a running average over the last, say, 12 months? If so, it's definitely not done that way.

Pretty sure it's done (total balance / total credit).

I would assume he means do you average out the utilization % off all you cards (card one is at 25%, card two at 35%, card three at 0% would give you a 20% average) or do they do it total balance / total line of credit. The big difference would be if let's say on card one you were using $250 of a $1000 line and on card two $350 of $1000 and card three $0 of $25000.

[AJK]

I would assume he means do you average out the utilization % off all you cards (card one is at 25%, card two at 35%, card three at 0% would give you a 20% average) or do they do it total balance / total line of credit. The big difference would be if let's say on card one you were using $250 of a $1000 line and on card two $350 of $1000 and card three $0 of $25000.

Then the answer is almost assuredly not the former, precisely because of the inherent flaws.

[bubbles]

Then the answer is almost assuredly not the former, precisely because of the inherent flaws.

agreed
(you haven't heard that yet today have you? )

[AJK]

agreed
(you haven't heard that yet today have you? )

Not that I am right all the time, but, you see, the advantage of actually being right outweighs any tremendously detrimental inferiority complex I may develop as a result of people in an online forum not agreeing with me.

[Dan]

is your credit utilization scored by FICO as an average of the util. % of each individual card, or as total usage (across all cards) vs. total available credit?

FICO includes how many individual cards have a high utilization percentage as well as your total credit utilization across all cards.

[Dan]

tremendously detrimental inferiority complex I may develop as a result of people in an online forum not agreeing with me. of being overly argumentative and always desiring the last word in said arguments.

FTFY.

[AJK]

FTFY.

Ha, that's cute. I like you. I do.
 
#dansneverhadanypushbackbyhisharemsohefeelsattackedwhenpeopledisagreewithhim

[Dan]

harem?

[bubbles]

harem?

maybe he's referring to her? 

[AJK]

As Uncle Moishy says (or maybe it was Barney): Can't we all just be friends?

[AJK]

With the above in mind, gutten shabbas kodesh to all.

[Am]

I found this on some website but don't remember which one so can't give out a HT to it's creator. You obviously have to input all the data yourself so it's not the most useful for everything (unless I'm missing something) but if you want an overall picture of your cc situation or if you have a lot of cards and want to keep track of their last usage so they shouldn't get closed for inactivity this should do the trick.

Is there an app for that?

[Am]

As Uncle Moishy says (or maybe it was Barney): Can't we all just be friends?

Rodney king '93 "can't we all just get along"