Misc Credit Card Questions

[CountValentine]

Check out many of the FICO reason codes https://www.fico.com/en/latest-thinking/product-sheet/us-fico-score-reason-codes

No recent revolving balances

Number of active bank/national revolving accounts

Too few accounts with recent payment information

Too few active accounts

and many more.

The six month time period is based on my own experience (fico does not disclose their exact algorithm)

Those are generic in nature. I was asking for a source for this as I have never seen it before.

If you do not use your credit card at all then after about six months Fico will consider the card inactive and will 95% not count in the positive history for this card into your Fico score.

[justmeha]

I keep seeing DP's of people getting a 60k AMEX Green offer but I'm only seeing 50k through a referral. Any tips?

I have only heard of one. Are their more then that

[mimb]

I have only heard of one. Are their more then that

Thought I saw it mentioned on different blogs. What does your referral pull up?

[Cls2020]

Thought I saw it mentioned on different blogs. What does your referral pull up?

Every time I've tried i saw 50 as well.

[Dan]

IIRC Disc was 1.50 or 1.99
There were many.

Chase used to do it for $1. Is Discover the last holdout?
Anyway, that's the only reason its $2.

[Yo ssi]

Chase used to do it for $1. Is Discover the last holdout?
Anyway, that's the only reason its $2.

Thanks.
What's your experience in regards to how many cards to do it with?

[justmeha]

Is Discover the last holdout?

no
Barclay and cap1 for $1
https://www.doctorofcredit.com/small-balance-waiver-a-k-a-lots-of-free-99-cent-amazon-gcs/

[CountValentine]

no
Barclay and cap1 for $1
https://www.doctorofcredit.com/small-balance-waiver-a-k-a-lots-of-free-99-cent-amazon-gcs/

...and other CU's and small banks not listed.

[CountValentine]

Chase used to do it for $1. Is Discover the last holdout?
Anyway, that's the only reason its $2.

Also if you have a $1 balance that doesn't mean they will report it even if it is not forgiven.
$2 is the safe bet. 

[Yo ssi]

(Someone with one card, who reports a balance on that one card (which is 100% of their cards). Is that worse then reporting $0?
In other words someone who has one card, could doing this $2 trick be worse for them then just reporting $0?)

And on another note for those doing the $2 trick on just one card, what do you do with your other cards? Do you manually make sure to pay up everything before the statement closes? (Does it still count towards Payment History and Credit In Use?)

ETA
https://forums.dansdeals.com/index.php?topic=49416

[as2]

(Someone with one card, who reports a balance on that one card (which is 100% of their cards). Is that worse then reporting $0?
In other words someone who has one card, could doing this $2 trick be worse for them then just reporting $0?)

And on another note for those doing the $2 trick on just one card, what do you do with your other cards? Do you manually make sure to pay up everything before the statement closes? (Does it still count towards Payment History and Credit In Use?)

ETA
https://forums.dansdeals.com/index.php?topic=49416

The key is to show utilization, but keep it as low as possible. Being that utilization is calculated by total CL, regardless of number of cards, the trick only needs to be done on one of them. As far as someone with only a single card, why wouldn't they do it on that single card?

[CountValentine]

The key is to show utilization, but keep it as low as possible. Being that utilization is calculated by total CL, regardless of number of cards, the trick only needs to be done on one of them. As far as someone with only a single card, why wouldn't they do it on that single card?

IIRC it is a little more involved than that.

[Yo ssi]

The key is to show utilization, but keep it as low as possible. Being that utilization is calculated by total CL, regardless of number of cards, the trick only needs to be done on one of them. As far as someone with only a single card, why wouldn't they do it on that single card?

Exactly my line of thought until yesterday

[as2]

IIRC it is a little more involved than that.

Can you elaborate?

[CountValentine]

Can you elaborate?

I am not sure how it works with someone with only one card.
It is like the numbers always reported. Payment history 35%, credit history 15% and so on. Those are generic numbers only. FICO algo is a lot more complicated.