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I have read many places that a significant component in your credit score (FICO score) is the relationship of your outstanding revolving debt to the maximum credit limits on your cards. But that has never been explained in any detail. For example, is it better to have one card maxed out and three others with zero balance, or is it better to spread the debt across all 4 cards so they are all under 50% of the max? In either case, the total debt to total available credit remains the same, but in the second case you are not close to maxing out any one card.

I don't know the answer to your question, but am interested to hear what knowledgeable people have to say about a closely related question.

I recently spent a lot of money on a single purchase at one of the Lowe's Depot kind of places and took advantage of their 0% for a year offer. It involved getting a new store-branded Visa or MC from Chase or Citi. They set the credit limit on the card at something like $19,000 and my purchase was for about $18,500. It's the only card I don't pay off every month. The full payment is in an ING account earning interest for about 11 1/2 months and I'm not using this card for anything else in the meantime.

Even with this card maxed out, overall, I'm at only about 10 to 15% of my available CC credit.

What does doing something like this do to one's credit report or FICO? I'm really just curious, because I don't foresee needing any other loans or credit cards in the near future.

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