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11-26-2012 05:40 PM
11-26-2012 06:03 PM
I was just reading an email from myfico that linked to a post about holiday balances. It was from 2009, and talked about people suffering creditwise after carrying balances over the holidays... Including cards cutting limits and such.
Am I right in assuming that CCs aren't really doing that now? I've read before that things like balance chasing have diminished in the last 2 years. For me, I always pay well more than the minimum but I rarely PIF. That means I usually have a balance at times, but good payment and usage history.
Eh, as long as your not carrying high util. 60% or over for months I wouldn't worry about it.
11-26-2012 06:24 PM
11-26-2012 06:26 PM
So if they see high util, they could cut limits? How likely is that? I have one card with very high util, but it's a low limit cap one that I'm going to pay down and kill. My main cards carry high at times, but I pay size able payments each month and then don't use until statement generates.
If they see high util. over the course of months and months it might send a red flag up, but as long as your making big payments I would not get spooked about it.
11-26-2012 06:29 PM