Is it okay to let CCs report full balance?

[Anonymous]

The most I have ever let report was $233 on my 6k limit BCE. I am in the habit of constantly paying balances. Maybe I will try to relax and play around with some reporting.

[Open123]

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@Anonymous wrote:

The most I have ever let report was $233 on my 6k limit BCE. I am in the habit of constantly paying balances. Maybe I will try to relax and play around with some reporting.

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With 0% rates, you lose nothing buy paying before the balance; so, mind as well enjoy the higher Fico score!  However, when rates increase, there will be a tangible price that is paid (in the form of interest lost) for the higher score.

[bodyboy1]

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@Anonymous wrote:
With all the talk about AA, is it okay to let your true balances report to your credit report?

I currently have a $3k balance out of $6k on my QS.

I am not looking to apply for anything for at least one year.

Therefore, would it be okay to let the $3k report? I see it as other lenders will be able to see my spend and usage if they HP me in the future. Am I correct in this matter? (I don't care about credit score right now)

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>   this is going to be a good thread thank you!,   Yes.   Capital one loves you Carrying a balance..  take that into Consideration too.   if u can go 1 year...  u can go a little longer  there will be New Cards coming out 2016/17!    also (IMO)   u said u not gonna app..  so u won't get any HP'S anyway rite    yes and just pay at least double your Min (Yes)  i know u can pif if u had too    the point is everyone is diff:    situations Change..    sock draw & pay  you are fine.

[Anonymous]

I make it a point to PIF as much as possible BEFORE the Statement Date.  Expecially when I know my Uitlization across my mix would exceed 7% or at most 20%.

[UncleB]

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@blondy250 wrote:

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@UncleB wrote:

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@Anonymous wrote:
With all the talk about AA, is it okay to let your true balances report to your credit report?

I currently have a $3k balance out of $6k on my QS.

I am not looking to apply for anything for at least one year.

Therefore, would it be okay to let the $3k report? I see it as other lenders will be able to see my spend and usage if they HP me in the future. Am I correct in this matter? (I don't care about credit score right now)

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+1

I didn't address this above, but it's an excellent consideration as well.  Having a high balance occasionally report demonstrates that you're actually capable of handling an account with a high credit line, not to mention it helps justify CLIs in the future. 

My credit report shows that on my USAA Visa, I once had a high balance of $5300.  This was actually a 'fluke' (I made a large payment just after the statement generated) but now that the account is PIF, the credit bureau reports show that not only do I have a high credit line (relatively - for me), I've demonstrated that I can handle it.

In your case since the account in question is Capital One, allowing a high balance to report will definitely help when CLI time rolls around. 

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You have any evidence of this? Sounds like a myth or something people wish was true. Having a balance post in the OP's case will not matter except for a utilization hit, but it doesn' show any bank that you "can handle it".

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Well, if you count personal experience and loads of other folks here who tend to agree, then yes, I have evidence. 

My own banker has also mentioned my payment/utilization history as shown on my credit reports when discussing a loan in my local branch, so there's that as well. 

Certainly nothing 'mythical' to it.

[Open123]

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@UncleB wrote:

Certainly nothing 'mythical' to it.

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Right, assuming that CLs are a finite (assuming that Issuers can't extend an infinite amount), common sense dictates, all things equal, a Lender will be prone to issue a higher CL to those who "appear" to need and utilize them.  Historical high balance merely plays a role during this consdieration, but it does, nonetheless.

*Edited*  PS - For example, Amex automatically lowers the CL of cards I use less, while increasing the ones I use more.  In general, the more charged and paid, the higher the likelihood of an auto CLI, and vice versa.

[delaney1]

My QS has 0% until May. My CL Is 10k. l reported a balance of 6100 on dec 5.  The month before it was 6700. I'm going to enjoy the interest free period since I'm not apping for anything in 2016.

[Anonymous]

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@delaney1 wrote:

My QS has 0% until May. My CL Is 10k. l reported a balance of 6100 on dec 5.  The month before it was 6700. I'm going to enjoy the interest free period since I'm not apping for anything in 2016.

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I am doing this too.  My Freedom is 0% until Oct 2016.  I finally went on a splurge on Amazon, I want to pay it over 6 months.  It felt so weird to let the balance report.  I kept itching to pay it off. 

[Anonymous]

@jem lol I just made a thread on not paying for 0% right when you posted

[SouthJamaica]

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@Anonymous wrote:
With all the talk about AA, is it okay to let your true balances report to your credit report?

I currently have a $3k balance out of $6k on my QS.

I am not looking to apply for anything for at least one year.

Therefore, would it be okay to let the $3k report? I see it as other lenders will be able to see my spend and usage if they HP me in the future. Am I correct in this matter? (I don't care about credit score right now)

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It would not cause adverse action by anybody.