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 |
Unless you have a 0% promo and the rest of your cards are on the low side of utilization if any.
Or if you aren't apping for any thing in the near future....
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.
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.