Maxing a card out question

[enharu]

Even if you let it report, it's no big deal. As long as you are not applying for any sort of credit or loan, just let balances report.

I let my credit card balances report whenever I'm not applying for credit, but I do pay my entire statement in full by the next cycle, so i never get charged any interests. Sometimes I have more than 1 maxed out card reporting, and there's been instances where my CSP and other cards were at >100% utilization, though at different times.

Never had any sort of any issues with any banks. The only downside is that your score takes a temporary hit with all the high utilization reporting, but if you are not seeking credit, then it doesn't matter.

[CreditMagic7]

+1 US Bank 100%

[-Wade-]

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@longtimelurker wrote:

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@Wade64 wrote:

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@odbbza wrote:

Ok I appreciate the quick responses... I'm trying to set up a auto pay of a new CC actually and I'm deciding what bills I want the CC to pay for (then pay the CC off right away).

edit: Do I just ask the company when they report or how will I find that out?

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Most report right after the statements cut! It shows on reports a few days later

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Note the "Most".  US Bank reports at the end of the month, regardless of statement date.   I don't know other exceptions but tell us what the card is in case others know.

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Amex, Discover and PedFed does it right after statement cuts!

[odbbza]

It's a Capital One quicksilver one cash rewards.