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Regular Contributor
Posts: 185
Registered: ‎07-18-2013
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HELP! OCD w/ AMEX!

Help!

Dunno if I should pay amex before it cut-off or just go with the flow, let it cut-off and pay on due. I wanna make sure I got everything ready for my CLI but my increasr is not until sept. Should I just pay it? Let it report? Pay it on due? Smiley Frustrated oh! My cut off is tomorrow.
Heart trying to reach 800! Heart
Gardening till 12/14 Smiley Tongue
Valued Contributor
Posts: 1,063
Registered: ‎07-09-2013
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Re: HELP! OCD w/ AMEX!

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.


   3/12 $3500     6/12 $1200      10/12 $1500   12/12 $3400    6/13 $12000      7/13 $5000      7/13 $2500       8/13 $2000    8/13 $6000

  | 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 |

Regular Contributor
Posts: 185
Registered: ‎07-18-2013
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Re: HELP! OCD w/ AMEX!

But isn't that's part of revolver? U can have flexible payment. Geeeeee stressed now! :smileyconfused:
Heart trying to reach 800! Heart
Gardening till 12/14 Smiley Tongue
Regular Contributor
Posts: 163
Registered: ‎06-22-2013
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Re: HELP! OCD w/ AMEX!

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....

Regular Contributor
Posts: 185
Registered: ‎07-18-2013
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Re: HELP! OCD w/ AMEX!

Yes 0% . Nt apping for anything, just waiting for my CLI in sept. What I was thinking is pay half today then half on due. How about that?
Heart trying to reach 800! Heart
Gardening till 12/14 Smiley Tongue
Regular Contributor
Posts: 163
Registered: ‎06-22-2013
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Re: HELP! OCD w/ AMEX!

You could pay enough to keep it under 30% and keep the rest in the bank. Nothing like floating your expenses for security.
Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012
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Re: HELP! OCD w/ AMEX!


Omnipotent wrote:
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.

               LIMITS IN CARD DESCRIPTIONS
Regular Contributor
Posts: 163
Registered: ‎06-22-2013
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Re: HELP! OCD w/ AMEX!

I rather have the money in the bank over the CLI but luckily managed both. It also depends on the rest of your cards.
Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012
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Re: HELP! OCD w/ AMEX!


Omnipotent wrote:
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 scoreBut think of it this wayYou have 2k limit, so you keep running balance of 1kYou don't get CLIHowever you get the CLI, and you have a year to enjoy interest free use of  6k.

               LIMITS IN CARD DESCRIPTIONS
Moderator
Posts: 27,207
Registered: ‎09-13-2012
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Re: HELP! OCD w/ AMEX!

Crashem is correct. It really doesn't matter if you PIF or PIF before statement cuts unless you are worried about your FICO score (revolvers of course)
Charge cards, doesn't matter just make sure its paid.
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