So my AMEX BCE has about a 5k balance on a 0% intro period. I paid off my car loan with it. I have been reluctant to spend on it since I'm trying to bring it down. My question is, will be internal score be higher if I spend a little and pay it down at the same time, or would it make a difference if I didn't spend and just paid it down?
@takeshi74 wrote:I don't think anyone can provide conclusive evidence one way or another. All we can really say is that your odds are probably better with lower utilization. 5/16.6 is right at ~30%.
The thing about internal scores are nobody really knows anything about them. Just probably do your best keep util low and thats all you really can do I think
Points noted. But there's something about paying down the balance vs paying down the balancd and swiping at the same time.
I mean, youre supposed to swipe and pay off month after month, and your internal score goes up? But if youre not swiping and just paying down the balance, I would assume the internal score is stagnant until the large balance is paid off.
Unless I'm completely wrong?
@Shock wrote:Points noted. But there's something about paying down the balance vs paying down the balancd and swiping at the same time.
I mean, youre supposed to swipe and pay off month after month, and your internal score goes up? But if youre not swiping and just paying down the balance, I would assume the internal score is stagnant until the large balance is paid off.
Unless I'm completely wrong?
From what I've read, AMEX prefers PIF, but they offer 0% intro for a reason. The majority of AMEX cards are issued by AMEX, so they make a killing on swipe fees. My guess is that they want to see regular usage, but keep utilization in check.
