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High Util Question

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joshuapd1987
Frequent Contributor
‎07-12-2013 05:41 PM
‎07-12-2013 05:41 PM

High Util Question

Happy Friday everyone!

 

And Happy Friday Night Social to all the folks in the GC!! Smiley Happy Hoping to stop by shortly. Smiley Happy

 

So due to some changes about the next job I'm taking... (freelance is the life... not)... I'll need to carry a balance of about 70% through mid-end of august... but at that point I'll be able to pay everything down to 0 again without a problem.

 

Does anyone think I have to worry about AA as long as I'm making more-than-minimum payments and making sure the Amex charges are PIF?

 

 

MyFICO Scores: 720 (EX 10/05) | 718 (EQ 10/05) | 703 (TU 10/05)| | Amex Plat NPSL | Amex PRG NPSL | Amex Business Gold NPSL | Chase Sapphire Preferred 22,000 | Chase Freedom 20,000 | Walmart 15,000 | Amex Delta Reserve 12,900 | Chase Ritz 10,000 | Diner's Club Elite 10,000 | NASA Platinum Rewards 8,800 | Capital One Quicksilver 2,500
Message 1 of 7
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myjourney
Super Contributor
‎07-12-2013 05:45 PM
‎07-12-2013 05:45 PM

Re: High Util Question

@joshuapd1987 wrote:

Happy Friday everyone!

 

And Happy Friday Night Social to all the folks in the GC!! Smiley Happy Hoping to stop by shortly. Smiley Happy

 

So due to some changes about the next job I'm taking... (freelance is the life... not)... I'll need to carry a balance of about 70% through mid-end of august... but at that point I'll be able to pay everything down to 0 again without a problem.

 

Does anyone think I have to worry about AA as long as I'm making more-than-minimum payments and making sure the Amex charges are PIF?

 

 

I don't think one month will hurt you as long as you pay over the mininum payments like you stated

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 2 of 7
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joshuapd1987
Frequent Contributor
‎07-12-2013 05:46 PM
‎07-12-2013 05:46 PM

Re: High Util Question

Hooray! Thanks, MJ. And I just saw that bronze spade of yours... very sexy.

MyFICO Scores: 720 (EX 10/05) | 718 (EQ 10/05) | 703 (TU 10/05)| | Amex Plat NPSL | Amex PRG NPSL | Amex Business Gold NPSL | Chase Sapphire Preferred 22,000 | Chase Freedom 20,000 | Walmart 15,000 | Amex Delta Reserve 12,900 | Chase Ritz 10,000 | Diner's Club Elite 10,000 | NASA Platinum Rewards 8,800 | Capital One Quicksilver 2,500
Message 3 of 7
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09Lexie
Moderator Emerita
‎07-12-2013 05:46 PM
‎07-12-2013 05:46 PM

Re: High Util Question

I would say no. Do you know when your cc's sp you?

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Message 4 of 7
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myjourney
Super Contributor
‎07-12-2013 05:48 PM
‎07-12-2013 05:48 PM

Re: High Util Question

@joshuapd1987 wrote:

Hooray! Thanks, MJ. And I just saw that bronze spade of yours... very sexy.

Finally got one of my spades back ....So happy going for the gold Smiley Wink

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 5 of 7
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joshuapd1987
Frequent Contributor
‎07-12-2013 05:52 PM
‎07-12-2013 05:52 PM

Re: High Util Question

@09Lexie wrote:
I would say no. Do you know when your cc's sp you?

Usually towards the end of the month... usually between the 20th and 30th somewhere. Most of my statements cut around there too, so I'm hoping for there to be some hit/miss in the balance reporting before the SPs.

MyFICO Scores: 720 (EX 10/05) | 718 (EQ 10/05) | 703 (TU 10/05)| | Amex Plat NPSL | Amex PRG NPSL | Amex Business Gold NPSL | Chase Sapphire Preferred 22,000 | Chase Freedom 20,000 | Walmart 15,000 | Amex Delta Reserve 12,900 | Chase Ritz 10,000 | Diner's Club Elite 10,000 | NASA Platinum Rewards 8,800 | Capital One Quicksilver 2,500
Message 6 of 7
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joshuapd1987
Frequent Contributor
‎07-12-2013 05:53 PM
‎07-12-2013 05:53 PM

Re: High Util Question

@myjourney wrote:
@joshuapd1987 wrote:

Hooray! Thanks, MJ. And I just saw that bronze spade of yours... very sexy.

Finally got one of my spades back ....So happy going for the gold Smiley Wink

You can do it!!! Congrats! Smiley Happy

MyFICO Scores: 720 (EX 10/05) | 718 (EQ 10/05) | 703 (TU 10/05)| | Amex Plat NPSL | Amex PRG NPSL | Amex Business Gold NPSL | Chase Sapphire Preferred 22,000 | Chase Freedom 20,000 | Walmart 15,000 | Amex Delta Reserve 12,900 | Chase Ritz 10,000 | Diner's Club Elite 10,000 | NASA Platinum Rewards 8,800 | Capital One Quicksilver 2,500
Message 7 of 7
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