$2 trick to increase FICO score.

[Barryg]

I chose ink because I prefer UR for me at this point. Didn't really care too much, though, this is a one time thing for me.

Chase will report a zero balance after a PIF, regardless of closing date.

Is this automatic, sm, or phone call?

[yochiek93]

Is this automatic, sm, or phone call?

Automatic

[smaxber]

Chase will report a zero balance after a PIF, regardless of closing date.

What does this mean exactly?

[yochiek93]

What does this mean exactly?

Chase reports to the CRAs when the balance is paid in full no matter when in the month it is

[smaxber]

Chase reports to the CRAs when the balance is paid in full no matter when in the month it is

so never pay in full? Always pay the max-$2

[PillanSmye]

Don't use a chase card as the one to report the $2...

[AJK]

Don't use a chase card as the one to report the $2...

You can, depending on your purpose, and provided the time your report is pulled you have not PIF, i.e. If the statement closes on the 5th, you apply for X on the 10th, and pay balance on 15th before payment is due.

[Mendelssohn]

You can, depending on your purpose, and provided the time your report is pulled you have not PIF, i.e. If the statement closes on the 5th, you apply for X on the 10th, and pay balance on 15th before payment is due.

And then you are screwed the rest of the month.

It's not worth it and not necessary.  Don't try and reinvent the wheel.  This is a tried and true method on CB that works great.

[PillanSmye]

You can, depending on your purpose, and provided the time your report is pulled you have not PIF, i.e. If the statement closes on the 5th, you apply for X on the 10th, and pay balance on 15th before payment is due.

Dont miss the forest for the tree.

I said don't use Chase, not can't use Chase.

A MUCH more intelligent use of a Chase card would be as the safety valve after you've positioned your other cards, then PIF the day the statement cuts, ensuring the $2 trick will be in effect for the maximum amount of time.

[AJK]

And then you are screwed the rest of the month.

It's not worth it and not necessary.  Don't try and reinvent the wheel.  This is a tried and true method on CB that works great.

Again, for some purposes--including mine--where I need to worry about the score being at its max only during a short period of time (when the report will be pulled), I don't need to concern myself with the rest of the month. It's not reinventing the wheel so much as using the wheel in a slightly different fashion.

Also, for the person who goes through all the work and makes a mistake by leaving $2 on a personal Chase, all is not lost.

[AJK]

A MUCH more intelligent use of a Chase card would be as the safety valve after you've positioned your other cards, then PIF the day the statement cuts, ensuring the $2 trick will be in effect for the maximum amount of time.

Nah, it'd be much safer just to use a business card where utilization is a complete non-factor aside for the creditor from whom you've taken the credit line.

[PillanSmye]

Nah, it'd be much safer just to use a business card where utilization is a complete non-factor aside for the creditor from whom you've taken the credit line.

Except most people on this board don't have business cards.

Again, missing the forrest for the trees.

What is it with this forum that people spend so much energy trying to add a -1 or find something to nitpick?

And for the record, I have like 12 business cards, strong credit reports, and don't worry about the $2 trick at times depending on my MS patterns.  But that doesn't keep me from trying to present information that will help the majority of forum members.

[etech0]

A MUCH more intelligent use of a Chase card would be as the safety valve after you've positioned your other cards, then PIF the day the statement cuts, ensuring the $2 trick will be in effect for the maximum amount of time.

like

[AJK]

Except most people on this board don't have business cards.

Again, missing the forrest for the trees.

What is it with this forum that people spend so much energy trying to add a -1 or find something to nitpick?

And for the record, I have like 12 business cards, strong credit reports, and don't worry about the $2 trick at times depending on my MS patterns.  But that doesn't keep me from trying to present information that will help the majority of forum members.

You seem to be missing the point that I'm also helping members. More than one way to skin a cat, not only yours.

More information the better.

And most people on this forum do have business cards.

[Mendelssohn]

Again, for some purposes--including mine--where I need to worry about the score being at its max only during a short period of time (when the report will be pulled), I don't need to concern myself with the rest of the month. It's not reinventing the wheel so much as using the wheel in a slightly different fashion.

Also, for the person who goes through all the work and makes a mistake by leaving $2 on a personal Chase, all is not lost.

Except that your method is not efficient and is unnecessarily complicated.

It's also not helpful for those trying to learn how to do this.

[David Smith]

Except most people on this board don't have business cards.

Why do you say that?

[Barryg]

Except that your method is not efficient and is unnecessarily complicated.

It's also not helpful for those trying to learn how to do this.

If I gathered all info discusses recently correctly, I'd like to point out a few things.
-We're all bickering about almost nothing. (having the card with $2 be a non Chase card vs. having a Chase card close with $2, apply for cc, then pay back the $2)
- AJK never gave a full method with step by step, just another way to have a temp. $2 trick score boost.
- It could be that having a non Chase card close with $2 is best for someone who always want to be ready to apply and have a high score just in case, and that this unofficial way to do this method would be the most helpful if doing an AOR. Let's say someone does AOR with $2 trick, pays back and has Chase report PIF 0 balance. Then they call recon to continue AOR and the recon rep sees all balances at 0 and the high score. How's that for a disappearing $2 trick?

[David Smith]

That's not how it works.

[Mendelssohn]

If I gathered all info discusses recently correctly, I'd like to point out a few things.
-We're all bickering about almost nothing. (having the card with $2 be a non Chase card vs. having a Chase card close with $2, apply for cc, then pay back the $2)
- AJK never gave a full method with step by step, just another way to have a temp. $2 trick score boost.
- It could be that having a non Chase card close with $2 is best for someone who always want to be ready to apply and have a high score just in case, and that this unofficial way to do this method would be the most helpful if doing an AOR. Let's say someone does AOR with $2 trick, pays back and has Chase report PIF 0 balance. Then they call recon to continue AOR and the recon rep sees all balances at 0 and the high score. How's that for a disappearing $2 trick?

You need to read it again.

[Yhgfkj]

You need to read it again.

its getting more complicated subtotal is there any deference between if the $2 is reported on chase vie non chase ?
what's the whole argument please clear the fog