shakazoid

2 Contributions 160 People Helped

Member Since: July 2011

Most Helpful Contribution

Credit card utilization and your credit score

May 19, 2013
Helpful to 159 out of 175 people

You misunderstood the article's point of "zero utilization" . It means not using the card at all , totally different from paying off the balance monthly once you have received a statement. You are already doing it the right way . Nothing is reported to the credit bureau if there is no activity(usage) within a cycle. Hence it is advisable to use and pay off whatever balance you get as a bill to avoid interest payment and still get a satisfactory report generated to the bureau

Activity (2 Total Contributions)

Credit card utilization and your credit score

May 19, 2013
Helpful to 159 out of 175 people

You misunderstood the article's point of "zero utilization" . It means not using the card at all , totally different from paying off the balance monthly once you have received a statement. You are already doing it the right way . Nothing is reported to the credit bureau if there is no activity(usage) within a cycle. Hence it is advisable to use and pay off whatever balance you get as a bill to avoid interest payment and still get a satisfactory report generated to the bureau

Capital One® Classic Platinum Credit Card - EXPIRED OFFER

Aug 09, 2011
Helpful to 1 out of 1 people

Do not close it , ask them to make it unsecured instead after 1 yr of ontime payment. This will help u in building credit and getting a better score.