Amex Charge Card Balance

[CredittotheMax]

I know Charge Card doen't affect your utilization % but yesterday when It reported a 227 balance it drop my creditkarma score by 10pts! Do you guys pay off your charge card balance before statement or let it report?

[Open123]

You shouldn't worry about CK's point system.  Just use them for free monitoring and alerts.

[myjourney]

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@Open123 wrote:

You shouldn't worry about CK's point system.  Just use them for free monitoring and alerts.

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+1000

[lg8302ch]

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@myjourney wrote:

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@Open123 wrote:

You shouldn't worry about CK's point system.  Just use them for free monitoring and alerts.

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+1000

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+ 10'000 

[thom02099]

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@CredittotheMax wrote:

I know Charge Card doen't affect your utilization % but yesterday when It reported a 227 balance it drop my creditkarma score by 10pts! Do you guys pay off your charge card balance before statement or let it report?

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I ALWAYS pay off my AMEX cards before the due date, sometimes making several payments a month depending on the card and charges.  I have never carried a balance on my charge cards, even though I have the pay over time option with the Gold. 

[jsucool76]

Paying off before the statement is looked at two ways. A balance reporting can let an UW know you soent a lot of money that month, or it can report a high balance and give them an idea of what your internal limit is on the card.

[CredittotheMax]

I didn't care much about CK score because my creditsecure score didn't change at all. I usually let my firstt balance post on all my credit cards, but most likely I'm gonna start paying before statement ends. 

[jamesdwi]

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@CredittotheMax wrote:

I know Charge Card doen't affect your utilization % but yesterday when It reported a 227 balance it drop my creditkarma score by 10pts! Do you guys pay off your charge card balance before statement or let it report?

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This is the question I am strugling with tonight, I have a balance of $802 on my Zync card, the statement will cut tomorow, should I pay it now or wait for 2 days, or a week? In anycase the bill will be paid long before the due date.  I know published AMEX policy says they don't care just want to maximize my internal score with them.  I want a CLI on my AMEX Blue which I have been denied for twice now, once after a CLD for carying a balance during the zero percent period.   The money is sitting in my checking account as it has been as each charge was made earning interest.

BTW, just PIF  AMEX Blue 4 days before the statement close date, and won't be used again till next billing cycle. 

[youngandcreditwrthy]

You got a cld for carrying a balance on BCE?!?
What was the util on it?

[navigatethis12]

Even though it doesn't factor into utilisation, it still counts as an account with a balance. I would not be comfortable with a 5 or 10 thousand balance reporting, no matter what it did to utilisation.

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@Open123 wrote:

You shouldn't worry about CK's point system.  Just use them for free monitoring and alerts.

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Chase frequently used the Vantage score, so that score is at least something to care about on there.