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.
Any paid off debt is good and makes you feel good about it too! Pay it off
My concern is if I pay it off in one shot Amex may decrease my credit line.
No they will not.