08-13-2013 06:17 PM
08-13-2013 06:24 PM
Well if it doesn't cause financial hardship I would say just pay it off. Most people seem to think AMEX hates carrying a balance so this will definatly prevent that.
| CSP (AU) $12,000 | Amex PRG (AU) | United $6,000 | OCCU $12,000 | Ink Bold | GM $3,200 | DCU $7500 | Luthansa $9000 | SPG $6,000 | Citi AA Executive $11,000 | Ink Plus $5,000 | EX 2/7 697 | EQ 10/27 721 | TU 12/15 719 |
08-13-2013 07:00 PM
You could pay enough to keep it under 30% and keep the rest in the bank. Nothing like floating your expenses for security.
Don't do this!! Do not have any on going balance. I think Omnipotent is forgetting that the goal here is the 3X CLI. Once you get your 3X, you can do your 0% balance thing. As for PIF or PIF before statement cut, I don't think it makes much of difference. Amex sees that that activity. Only thing I can think of is that PIF before statement cut will help FICO score a little.
08-13-2013 07:17 PM
I rather have the money in the bank over the CLI but luckily managed both. It also depends on the rest of your cards.
And your overall credit score. But think of it this way. You have 2k limit, so you keep running balance of 1k. You don't get CLI. However you get the CLI, and you have a year to enjoy interest free use of 6k.
08-13-2013 07:20 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.