Credit gurus....payment question

[chronical]

I use one credit card each month for all my expenses. I pay it on the due date (auto pay) and I have a 831 Fico according to discover and 842 FICO according to citibank. I always pay the entire statement balance on the due date. You don't have to pay before the statement creates to get a good credit score. Just pay the right amount and on time.

I didn't day you did. I said for optimal scoring, let only $2 report. The cards that you are not using are what's helping your score. Also, Citi is providing a bankcard 08 enhanced Fico and is in a scale of up to 900 instead of the standard 850 so the 842 Fico is inflated. Discover is providing you a useful score for Transunion and Citi is providing an equifax score that isn't necessarily useless but not apples to apples. Congrats on your excellent credit. Barclays currently has their US airways card that has a 50,000 mile sign up bonus which will be AA miles in the second quarter when the merger completes. They pull Transunion and give sizable limits.

[kingjason]

I didn't day you did. I said for optimal scoring, let only $2 report. The cards that you are not using are what's helping your score. Also, Citi is providing a bankcard 08 enhanced Fico and is in a scale of up to 900 instead of the standard 850 so the 842 Fico is inflated. Discover is providing you a useful score for Transunion and Citi is providing an equifax score that isn't necessarily useless but not apples to apples. Congrats on your excellent credit. Barclays currently has their US airways card that has a 50,000 mile sign up bonus which will be AA miles in the second quarter when the merger completes. They pull Transunion and give sizable limits.

Nice tip.

[Roscoe]

I didn't day you did. I said for optimal scoring, let only $2 report. The cards that you are not using are what's helping your score. Also, Citi is providing a bankcard 08 enhanced Fico and is in a scale of up to 900 instead of the standard 850 so the 842 Fico is inflated. Discover is providing you a useful score for Transunion and Citi is providing an equifax score that isn't necessarily useless but not apples to apples. Congrats on your excellent credit. Barclays currently has their US airways card that has a 50,000 mile sign up bonus which will be AA miles in the second quarter when the merger completes. They pull Transunion and give sizable limits.

nice tip indeed

[momo]

very nice tip indeed. aa miles have paid for my italy flight last year, and my flight to prague this year. another 50k would take care of next year too!

[Roscoe]

very nice tip indeed. aa miles have paid for my italy flight last year, and my flight to prague this year. another 50k would take care of next year too!

They will hit you with the tax value on those miles, FYI

[chronical]

If folks here like miles citi has an Aavantage personal and business card both with 50,000 mile sign bonus offers. That's 150,000 AA mile with all 3 offers.

[ELVIS]

nice tip indeed

?????????????????? whoa.

god bless.

[Roscoe]

?????????????????? whoa.

god bless.

Elvis drinks his own pee.

[Silverback]

Elvis drinks his own and other's pee.

don't limit the man

[Barbie]

I didn't day you did. I said for optimal scoring, let only $2 report. The cards that you are not using are what's helping your score. Also, Citi is providing a bankcard 08 enhanced Fico and is in a scale of up to 900 instead of the standard 850 so the 842 Fico is inflated. Discover is providing you a useful score for Transunion and Citi is providing an equifax score that isn't necessarily useless but not apples to apples. Congrats on your excellent credit. Barclays currently has their US airways card that has a 50,000 mile sign up bonus which will be AA miles in the second quarter when the merger completes. They pull Transunion and give sizable limits.

I guess I felt like my score was "optimal"

[zachary]

This will be interesting...

i paid $6,000 of the debt down, and will pay the rest in full off in 30 days....

i will keep you all posted on what happens to score just FYI

[zachary]

UPDATE:

so after paying 6k off, and only leaving 3k on(and that would be total CC debt too)

score went from 761 to a 793. Have now paid the last 3k off also, so no more revolving balances at all. Will see what it does next month.

[cobrajet69]

UPDATE:

so after paying 6k off, and only leaving 3k on(and that would be total CC debt too)

score went from 761 to a 793. Have now paid the last 3k off also, so no more revolving balances at all. Will see what it does next month.

Nice.


David

[vert_95]

UPDATE:

so after paying 6k off, and only leaving 3k on(and that would be total CC debt too)

score went from 761 to a 793. Have now paid the last 3k off also, so no more revolving balances at all. Will see what it does next month.

That's awesome news. So just to make sure I'm understanding this right you paid the 6k in one lump sum right? And the other 3k in one lump sum also?

[zachary]

That's awesome news. So just to make sure I'm understanding this right you paid the 6k in one lump sum right? And the other 3k in one lump sum also?

yes that is correct. so i am curious what it will do next month when the 3k payoff hits credit bureaus and also have no more revolving debt at all.