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fastdog2

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how can your score go down because i have an open unused credit card? Its so stupid!.

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Top Contributor
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Because it is actually not good to have no usage on your credit card. 0% utilization is as bad as 50%. You want the card to report that you have a balance. however small it is. Charge 5 bucks, wait for the statement to drop, and then pay it off after the statement drops. Your card will report 5 dollars of usage, which is better than 0 usage. Plus, you have usually a 25 day period after the statement drops to pay the bill before any interest is charged. Then, do the same the next month. You can have some membership fee, like netflix or something, auto charge each month - Wait for the statement to drop, and then pay it out of your bank like you normally would have paid that fee. . you will find your score go up the longer you have "Active" credit reporting. 

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