cancel
Showing results for 
Search instead for 
Did you mean: 

Amex charge balance when applying for new CC?

tag
Cred90
Established Member

Amex charge balance when applying for new CC?

I'm currently in the market for a new prime credit card. I'm looking at several options. I currently have a discover it card(2000), capital one secured(300) and American Express PRG(NPSL).

I currently have a $12 balance on the Discover card zero dollar balance on the capital one and this month should have a closing balance of around $600 on the AMEX.

How do you credit card companies usually look at the balance of American Express charge cards? Do they realize that they are paid in full at the end of the month? On my credit report its not counted as revolving credit to my understanding?
AMEX PRG NPSL(w/pay over time), Discover $2000, Cap 1 (sec) $300.
Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Amex charge balance when applying for new CC?

When I see credit reports it usually shows the balance as the minimum payment so if you owe $600 then that's $600 debt in your DTI for your monthly expenditures
Message 2 of 3
NRB525
Super Contributor

Re: Amex charge balance when applying for new CC?

$600 is not a lot to have on any credit card, charge or otherwise.

I really doubt this $600 is a deal breaker for any CC app.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.