03-02-2013 12:19 PM - edited 03-02-2013 12:20 PM
If you opened your account Jan 2nd, tomorrow, March 3rd is 60th day ... february had 28days.
I opened my blue sky amex on Jan. 2 of this year and by my calculations, I am at 61 days tomorrow. (Correct me if I'm wrong) So here is my question.....all of my credit cards are reporting at 0.00 with the exception of 3 (Sams Discover, Discover, FNBO). I'm only worried about the balance showing on the Sams Discover because my limit is 2500.00 and when it last reported, my balance was at 1550.00. It was on a 0% interest for 18 months deal. I have paid it down to 900.00 and that new statement will report and cut around 3/8. Also, my new credit limit with Walmart for 2500.00 should show up in the next few days. Should I wait and ask for the increase next weekend when that Sam's balance comes down? I want to do it at the right time but I am not sure when that is.
03-02-2013 03:20 PM
I believe they use whatever their recent SP was.
I would wait until after they do a SP following the CLI and payment showing on your report.
While you may have to exercise some patience, it's best to be on the safe side. The "61 day rule" is simply a general guideline, but most folks here treat it like a race.