04-08-2013 07:15 PM
04-08-2013 07:21 PM
04-08-2013 07:27 PM
For an account that is close to its limit and has been for awhile: when paying it off what is the best option? My concern is if I pay it off in one shot Amex may decrease my credit line.
I've considered slow paying it down. Maybe over 2 months and while paying it down using it here and there just to have some usage on the account.
Anyone know of a better way to avoid this concern?
I would pay if off ASAP. Amex is a charge card company and with it, a charge card mentality. They don't like you to carry balance, so PIF fast.
I read too many stories here about getting CLD and FR for carrying balance too long.